LogicMonitor sells software-as-a-service tools to monitor on-premises and cloud environments, positioning itself as a hybrid observability platform that provides operational visibility across data centers and the applications that run on them. The platform is powered in part by AI and aims to reduce troubleshooting and downtime for customers. Founded 16 years ago and based in Santa Barbara, California, the company has broadened from infrastructure performance monitoring to true hybrid observability. LogicMonitor reports roughly 100,000 users and says it has scaled over 650% since mid-2018. The company is owned by Vista Equity Partners (which acquired it in 2018) and remains under Vista’s control after the latest financing. LogicMonitor plans to use proceeds to explore strategic mergers and acquisitions, expand into new markets, and diversify its product suite into additional verticals and industries. LogicMonitor provides Infrastructure Monitoring as a Service, letting customers monitor on-premises and cloud infrastructure from a single interface. Launched in 2008, the company positions itself against traditional vendors while distinguishing its offering from application performance and log-analysis tools. CEO Kevin McGibben says LogicMonitor is focused on transforming the infrastructure performance monitoring market for complex and agile environments. The company reports fast growth and a disciplined cash profile, without a massive burn rate. Planned uses of capital include R&D and new products (with some announced in July) and potential acquisitions. It also has global expansion plans for North America and the EU this year and Asia/Pacific by 2017.

Total raised

$930M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2024