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Sumo Logic S-1
- brian_herman__ 6y agoI think we should change the link to this: https://www.sec.gov/Archives/edgar/data/1643269/000119312520227201/d821436ds1.htm https://www.sec.gov/Archives/edgar/data/1643269/000119312520...
- hbcondo714 6y agoYup, someone else posted the original .gov source when it was released by the SEC: https://news.ycombinator.com/item?id=24259821 https://news.ycombinator.com/item?id=24259821
- brian_herman__ 6y agoOh thx!
- m3kw9 6y agoYep, everyone is jumping into the crazy before it’s over
- bob1029 6y ago> Our multi-tenant, cloud-native platform was architected by big data and security experts and has been in operation continuously for nearly a decade. Our platform is built on a modern, microservices-based application and cloud architecture, leverages security-first principles, and incorporates artificial intelligence and machine learning, or AI/ML, algorithms to deliver real-time actionable insights. Not a single technology buzzword went unused in this document.
- magixx 6y agoThey forgot to mention server less
- bob1029 6y agoI regret to inform you... > Notifications. Our alerts can directly notify users or teams via emails or other direct means, integrate with third party ticketing or workflow tools, such as OpsGenie, PagerDuty, ServiceNow, Slack, or trigger APIs, scripts, or serverless functions on AWS, Azure, or GCP.
- actuator 6y agoTo be fair to them, at least this para is more on what the customer demand is.
- adoxyz 6y agoI think micro-services implies server less :P
- SteveNuts 6y agoMicroservice or monolith has no bearing on whether something is serverless. You could deploy a microservice on a bare metal x86 server, or a raspberry pi, or an IBM Mainframe.
- Corrado 6y agoWhere's blockchain?! Sumo Logic is sooooo behind the times.
- lmilcin 6y agoNo mention of FPGA, I guess it already went out of style.
- deleted 6y ago[deleted]
- shajznnckfke 6y agoIf my logs aren’t going to be transmitted via 5G, I don’t want it.
- natas 6y agobased on the S-1 I don't see how they will ever be profitable.
- hogFeast 6y agoIt will be profitable. The selling shareholders will dump their stock into the market and make big profits. Can't believe the cynicism on here. Selling bullshit IPOs is very profitable.
- switch11 6y agonot sure why your comment is getting down votes this flurry of IPOs is to take advantage of all the Liquidity the Fed is pumping into the markets The IPO is the product Tesla at 1,000 P/E If you are running a tech company right now, you would have to be crazy to not IPO you can raise half a billion or a few billion that buys you 5 to 20 years of life as a company
- deleted 6y ago[deleted]
- xtracto 6y agoI am really surprised that AWS hasn't already built a competing product like Splunk, Sumo or ELK. Their CloudWatch offering is so obscure and in general not useful.
- acdha 6y agoCloudWatch Insights and their security tools make me think that they’re exploring the idea but planning to grow up organically rather than try a direct feature comparison against established customers.
- PanosJee 6y agoAnyone using it?
- zug_zug 6y agoYes. I am the devops lead at a startup and it's an absolutely essential piece of our devops stack. It's basically the Lite version of splunk, 90% of the features at 10% of the cost (which matters when we're talking 10s of thousands of dollars per year).
- xtracto 6y agoDo you know how much does it cost per month per GB? I implemented SumoLogic about 5 years ago at another company and it was great. At some point we will need it in our current company (we have ELK, but it is clunky) and it does not compare with what sumo had to offer 5 years ago. But their pricing page has some crap "credit" metric that does not let you compare it.
- cowgoesmoo 6y agoThe listed price for the "Essentials" plan is about $70/Month for each GB of daily ingest. Retention is charged at S3 rates, so $0.023/GB/Month.
- purpleteam1 6y agoTheir pricing page has price per gb: https://www.sumologic.com/pricing/ https://www.sumologic.com/pricing/ Says the "essentials" is 2.50 per gb so if you're pumping 10gb a month it would be like $750 per month.
- seneca 6y ago> 90% of the features at 10% of the cost How'd you swing that? We are fairly large Sumologic users, and it's more like 80% of the features at 80% of the cost.
- purpleteam1 6y ago
- eps 6y agoSo it seems that we are finally entering a market bubble of a _familiar_ type. Dotcom 2.0
- edoceo 6y agoMaybe I'm old but somehow this feels like 3. E: quick stats on IPO https://www.statista.com/statistics/270290/number-of-ipos-in-the-us-since-1999/ https://www.statista.com/statistics/270290/number-of-ipos-in...
- skinnymuch 6y agoIs there a way to see this? Seems like maybe logging in might let me see one stat. Any actual way to see this consistently?
- foxdev 6y agoHaven't there been a few brief IPO rushes since the latest boom started? Not to say you're wrong, but a few IPOs in a row is a poor signal on its own.
- viraptor 6y agoThe original dotcom bubble had every possible company that stuck "on the internet" to their description, whether it made sense or not. This is a solution which is designed for what it does and has lots of existing customers. I'm not sure it's comparable at all.
- actualanswer 6y agoCloud Bubble
- user5994461 6y ago>>> For fiscal 2018, 2019, and 2020, our revenue was $67.8 million, $103.6 million, and $155.1 million >>> We generated net losses of $32.4 million, $47.8 million, $92.1 million The revenues are good and increasing, but the losses, omg. edit: OMG they got the numbers wrong? check pages 3 and page 13-14. Dates don't match, 2019 and 2020 are mixed up?
- mason55 6y agoEither way, you really need a better breakdown to understand how good or bad this is. Even something as basic as COGS or gross margin will tell you how sustainable (or not) the business is. Just because the losses are scaling with revenue growth doesn’t mean the business is unsustainable. It could just mean they’re sinking a ton of money into sales/marketing/r&d because they view their market as a land rush.
- otoburb 6y agoI checked p. 3 and pp. 13-14 -- numbers match.
- user5994461 6y agoCheck the headers, 2019 and 2020 aren't in place, or maybe an issue with Firefox rendering.
- otoburb 6y agoI haven't been able to find a PDF version of the S-1 filing myself to compare. I will note that I'm also using Firefox and headers are aligned for me. The irony is that everybody bemoans PDF yet formatting control is exactly why it has such staying power despite being such a hated de facto publishing format.
- azinman2 6y agoPDF fulfills a need that nothing else satisfies: a vector format that’s universally supported and guarantees that its layout will be the same everywhere, especially when printing.
- npv789 6y agolosses losses everywhere