Sumo Logic CEO Ramin Sayar discusses customer retention and expansion dynamics in the small-to-medium business tier.
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Sayar: Sumo Logic's Mean Lifetime Net Dollar Retention Exceeds 150%
“So if you look at our mean across 20 cohorts, we've been well north of one 50.”
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Sayar: Sumo Logic's 1-215 employee segment pays $3K to $8K ARR
“Then we have the zero to 215 employee segment, or one to 215 employee segment,
You know, they're Anywhere from a 3000 dollar ARR to 8000 dollar ARR.”
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Sayar: Sumo Logic has over 1,300 paying customers, 51-52% enterprise
“Yeah, so we have well over 1300 paying customers and typically what we see is about 51, 52% of them are enterprise, the other 50% are mid-market SMB.”
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Sayar: Sumo Logic has over 30,000 users and analyzes 100+ petabytes daily
“So you fast forward all the way to today, we have well over 30,000 users in our system. On an average day, we're analyzing well over a hundred petabytes of information, and every few days I'm adding another petabyte to storage.”
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Sayar: Visa used Sumo Logic for Apple Pay rollout and fraud detection
“And a couple years ago, they actually, if you may recall, they launched a service with Apple around Apple Pay, and so they actually were using us for business insights to look at activations per second, per minute, per hour, per day, that's generating revenue,…”
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Sayar confirms Sumo Logic's ARR is near $100 million
“We're somewhere in that range.”