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AI MDR provider AirMDR secures $15.5m seed funding

AirMDR, an AI-native Managed Detection and Response (MDR) provider, is aiming to deliver enterprise-grade security operations at an affordable price for small and medium-sized businesses, using a combination of AI analysts and a 24/7 team of expert human analysts.

Francisco Partners acquires SaaS analytics platform Sumo Logic

Francisco Partners, a global investment firm, has acquired SaaS analytics platform Sumo Logic in a deal that values the business at $1.7bn.

Sumo Logic joins unicorn club following $110m round close

Machine data analytics platform Sumo Logic has closed its latest financing round on $110m, setting its valuation to more than $1bn.
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