AI Cloud Monitoring provider ScienceLogic secured $105M in Series E funding


ScienceLogic, a Virginia-based provider of AI-driven monitoring solutions for hybrid cloud management, has now secured $105 million in a Series E funding round.

ScienceLogic is founded by Dave Link. It is an IT Operations Management platform offering IT operations with actionable insights to predict and resolve problems faster in a digital world. It's IT infrastructure monitoring and AIOps solution sees everything across the multi-cloud and distributed architectures contextualized data via relationship mapping and even acts on this insight with the help of automation and integration.

Executive Opinion

Dave Link, Founder & CEO of ScienceLogic, said, "More than ever, IT Operations Management has taken root as a front-office priority supporting mission-critical digital experiences that define the way we live, work and play. As large enterprises shift workloads to the cloud while managing on-prem resources, new tools are paramount to deliver service visibility and faster incident resolutions made better by advanced AI/ML technologies. What we're witnessing is a major investment cycle away from legacy monitoring tools and toward AIOps platforms."

Shawn O’Neill, Managing Director and Group Head of Silver Lake Waterman, said, "The ScienceLogic team has built a leading platform to monitor mission-critical infrastructure and applications and is at the center of some of the largest, most complex IT environments at the forefront of digital transformation. Dave Link and the leadership team have a long track record of building value and trust with customers and we look forward to partnering with the team and helping drive further adoption."

ScienceLogic's latest funding

The round was backed by the Silver Lake Waterman. Other participating investors include Intel Capital, Goldman Sachs, and NewView Capital.

The company as of now has plans to use the new funds for recruitment efforts and product investments aimed at cloud-native technologies, which include AI/Machine Learning, microservices, container solutions, and hybrid cloud operations, notes the announcement.

ScienceLogic is also expanding its product development, engineering and sales, and marketing staff.

PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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