ScienceLogic, a startup developing an AIOps and IT infrastructure monitoring platform, today announced that it raised $105 million. The company says the investment will support its continued growth in the AIOps market and further broaden ScienceLogic’s position within the IT operations management industry.
AIOps, short for AI for IT operations, is a category of products that enhance IT by leveraging AI to analyze data from tools and devices. Research and Markets anticipates it’ll be a $14.3 billion market by 2025. That might be a conservative projection in light of the pandemic, which is forcing IT teams to increasingly conduct their work remotely. In lieu of access to infrastructure, AIOps solutions could help prevent major outages, the cost of which a study from Aberdeen Research pegged at $260,000 per hour.
Reston, Virginia-based ScienceLogic, which was founded in 2003, uses AI-driven techniques to discover technologies and vendors across physical, virtual, and