ScienceLogic, a significant provider of hybrid cloud management AI-driven monitoring solutions, announced that it had raised $105 million in growth financing. With participation from current investors such as Goldman Sachs, Intel Capital, and NewView Capital, Silver Lake Waterman led its Series E round. The investment will support the company’s continued advancement in the AIOps market and further enhance ScienceLogic’s stance in the $30+ billion IT Operations Management software market.
With the massive demand for digital services and usability, companies worldwide embrace cloud strategies and tools more than ever before amid the COVID-19 outbreak. As businesses look for hybrid cloud tools from trusted partners to safely harness business agility, cost reductions, and advancement, we believe ScienceLogic is positioned to meet that demand.
Dave Link, Founder & CEO of ScienceLogic, remarked that we’re currently experiencing a massive investment cycle shift from legacy monitoring tools and toward AIOps platforms. IT Operations Management has never taken root as a front-office focus that supports mission-critical digital interactions that describe how they engage and function. As large corporations move operations to the cloud while maintaining on-premises resources, new tools are vital to providing service visibility and faster resolution of incidents improved by advanced AI/ML technologies.
The investment is anticipated to boost the product development and engineering leadership of ScienceLogic, assisting its comprehensive expansion plans and the growth of its flagship SL1 digital infrastructure monitoring platform. It is intended that funds be assigned to recruitment strategies and product investments focused on cloud-native innovations, such as container solutions and microservices, AI/machine learning, and hybrid cloud operations that modify and improve digital experiences.
Shawn O’Neill, Group Head and Managing Director of Silver Lake Waterman, stated that the ScienceLogic team had created a leading platform for monitoring mission-critical applications and infrastructure. It is at the center of some of the most significant, most diverse IT environments of digital transformation. Dave Link and the management team have a long history of developing customer trust and confidence, and they look forward to collaborating with the team and helping drive further adoption.
The modern platform of ScienceLogic is trusted by some of the world’s largest companies, government agencies, and managed service providers to guarantee the availability of their software solutions and business operations across hybrid and multi-cloud installations. The flexible SL1 management software allows IT operations teams to consume real-time hyper-scale data volume throughout various hybrid cloud environments. At the same time, its proprietary discovery and automation technologies strengthen resilience, issue resolution time, user interface, stimulate an incident response, and boost performance by optimizing device health.
The financing news arrives after its latest decision to increase its manufacturing and sales and marketing and product development teams. The Forrester Surge, which included ScienceLogic as one of only three companies recognized as AIOps Champions, recently highlighted ScienceLogic’s AIOps market leadership, which further solidifies its forward momentum.
About ScienceLogic
ScienceLogic is a pioneer in IT Operations Management, offering advanced IT operations with advanced analytics to anticipate and address disputes faster. Its AIOps solution and IT infrastructure monitoring networks see everything across multi-cloud and distributed frameworks, categorize data through relationship visualization, and automation acts on this knowledge.
For more information visit, https://sciencelogic.com
About Silver Lake Waterman
Silver Lake Waterman is part of Silver Lake, the multinational technology pioneer with an investment in total funds under administration and invested capital of about $75 billion and a network of experts based in North America, Europe, and Asia. Silver Lake Waterman emphasizes supplying scalable expansion funding for later-stage development firms in the technology and technology-enabled sectors.
For more information visit, http://www.silverlake.com
