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

After recently announcing plans to expand its team by 40%, 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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ScienceLogic Raises $105M in Series E Financing

ScienceLogic, a Reston, Virginia-based provider of AI-driven monitoring solutions for hybrid cloud management, raised $105m in Series E financing.

The round was led by Silver Lake Waterman with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital.

The company intends to use the funds for recruitment efforts and product investments aimed at cloud-native technologies including microservices and container solutions, AI/machine learning, and hybrid cloud operations.

Led by Dave Link, Founder & CEO, ScienceLogic is an IT Operations Management platform providing IT operations with actionable insights to predict and resolve problems faster in a digital world. Its IT infrastructure monitoring and AIOps solution sees everything across multi-cloud and distributed architectures, contextualizes data through relationship mapping, and acts on this insight through integration and automation.

The SL1 monitoring platform allows IT operations teams to ingest hyperscale data volume in real-time across disparate hybrid-cloud architectures, while its patented discovery and

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ScienceLogic Raises $105M In Funding, Signaling Company’s Rise In The AIOps Arena

ScienceLogic, a developer of AIOps and IT infrastructure monitoring software, has raised $105 million in a Series E round of financing, the company said Tuesday.

The impressive financing round is sure to raise the profile of the Reston, Va.-based company in the rapidly growing hybrid-cloud IT management space.

“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,” said Dave Link, ScienceLogic founder and CEO, in a statement.

[Related:

The 20 Coolest Cloud Monitoring And Management Companies Of The 2021 Cloud 100]

“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 [and] ML technologies,” Link said. “What we’re witnessing is a major investment cycle away from legacy monitoring tools and toward AIOps platforms.”

ScienceLogic’s

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AIOps leader ScienceLogic gets $105M in late-stage funding

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

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