Sumo Logic raises $30m – Investment Round Up

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Series B

Kymab, which operates in the monoclonal antibody biopharmaceutical space, has raised $40 million in a Series B round. The Bill & Melinda Gates Foundation joined the Wellcome Trust in participating, with both investing $20 million each. The company will use the funds to maximize the potential of its Kymouse offering, and will look to further its pipeline of monoclonal antibodies to help in areas of unmet medical need.

Captora, which ‘helps marketers discover, engage and convert future buyers’, has raised $22 million in Series B financing. The round was led by New Enterprise Associates (NEA) and Bain Capital Ventures also participated. Scott Sandell, General Partner, NEA said “Captora offers marketers an entirely new way to grow pipeline in a more effective way, leveraging existing content across the overwhelming number of marketing channels available today.”

Seattle-based Context Relevant, an automated predictive analytics software provider for big data application, has raised a $21 million Series B round, led by Formation 8. Existing investors Madrona Venture Group, Bloomberg Beta, Vulcan Capital, and several prominent Seattle-area angels also participated.Total funding raised by Context Relevant now stands at $28 million.

Series C

Jibe, a New York-based recruitment technology company, has raised $20 million in a Series C financing round. SAP ventures led the round, and existing investors Polaris Partners, DFJ, Gotham Ventures, Longworth Venture Partners and Thrive Capital also participated. The company, which has raised a total of $37 million in venture funding, plans to use the cash to further its goal of supplying cloud based recruitment solutions to corporate talent acquisition professionals.


Identity management solutions provider Centrify has raised more than $42 million in funding. The company has now raised a total of more than $94 million. Existing investors Mayfield, Accel Partners, Sigma West and Index Ventures all participated, as did strategic investors Samsung Ventures, Fortinet Inc and Docomo Capital. Centrify estimates the identity and access management market to be worth $6 billion.

Machine data analytics company Sumo Logic has raised a $30 million funding round led by Sequoia Capital. Existing investors Greylock Partners, Sutter Hill Ventures and Accel Partners also participated. The funds will be used in part for international expansion into the EMEA and Asia Pacific regions. The company has now raised a total of $80.5 million in funding. Machine data is expected to grow 15 times by 2020, according to a Sumo Logic press release, and the company has enjoyed year-over-year customer base growth of over 200 percent.

Earnest, a loan program for graduate students and young professionals, has raised $15 million in VC funding, reports the Wall Street Journal. Andreessen Horowitz, Atlas Ventures, Collaborative Fund, First Round Capital and Maveron all participated.


Google has acquired Bring-Your-Own-Device solution provider Divide.  The acquired company will now focus on making Android devices more enterprise-friendly. Terms of the deal were now disclosed.

U.K.-based aerospace and defense firm Cobham has bought wireless communications provider Aeroflex Holding in a $920 million deal. The acquisition is expected to be completed around the third quarter of this year, once shareholder and regulatory approvals have been secured.