ScienceLogic Inc., a startup using artificial intelligence for managing information technology operations, said today it has raised $105 million in growth financing.
The Series E round was led by Silver Lake Waterman, with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital. It brings the company’s total funding raised to $214 million.
“It’s a watershed moment for the company,” ScienceLogic founder and Chief Executive Dave Link (pictured) told SiliconANGLE. “This investment is essentially pouring gas on what we’re doing.”
Founded in 2003, ScienceLogic has emerged as one of the leading players in the AIOps market. AIOps is a phrase that was first coined by Gartner Inc. in 2017 to describe how information in IT environments could be potentially managed through automation.
It’s essentially a bid to replace current IT operations management point tools with a broader platform built for hybrid cloud environments from the ground up. ScienceLogic