Statement regarding Silicon Valley Bank

Sumo Logic is aware of the closure of Silicon Valley Bank and appointment of the Federal Deposit Insurance Corporation as receiver. We currently have cash, cash equivalents, and marketable securities of approximately $335 million in total as of March 10, 2023, of which approximately 1.5% is held in cash operating accounts with SVB. The remainder of our cash, cash equivalents and marketable securities are held in operating, custody and investment accounts at other financial institutions We have no outstanding balance on our line of credit with SVB.