Reston’s ScienceLogic closed a $105M Series E funding round

After recently announcing plans to expand its team by 40{13aab5633489a05526ae1065595c074aeca3e93df6390063fabaebff206207ec}, Reston, Virginia-based ScienceLogic has secured $105 million in growth financing.

ScienceLogic is an artificial intelligence-focused IT monitoring solutions provider. This Series E growth financing round was led by Silver Lake Waterman with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital. ScienceLogic plans to use the funding to advance its cloud management solutions as more companies invest in cloud strategies and tools.

“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,” said ScienceLogic founder and CEO Dave Link in a statement. “What we’re witnessing is a major investment cycle away from legacy monitoring tools and toward AIOps platforms.”

When ScienceLogic announced its hiring blitz, it said these plans came as it was preparing to close

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Reston’s ScienceLogic is gearing up for a major hiring spree as it plans to expand

Reston, Virginia-based ScienceLogic is looking to expand its 300-person team by 40{13aab5633489a05526ae1065595c074aeca3e93df6390063fabaebff206207ec} as it gears up for some major expansion plans.

The artificial intelligence-focused IT monitoring solutions provider announced this ambitious goal as remote work is becoming more of the norm. It’s no secret that the current work-from-home trend will outlast the pandemic, especially for tech companies, so ScienceLogic is widening its hiring pool and seeking professionals outside of the region. The company announced that these hiring plans come as it is closing in on negotiations around “major developments” to expand further.

“ScienceLogic’s global growth stands out as a clear illustration of its ascendance of next-generation IT visionaries, practitioners and leaders,” said the company’s founder and CEO, Dave Link, in a statement. “The last year, while difficult for many hard-hit people and industries worldwide, was also a remarkable year. We’re forging a new path forward in customer experience and

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