ScienceLogic provides AI-driven monitoring and AIOps for hybrid-cloud and multi-cloud environments through its flagship SL1 digital infrastructure monitoring platform. SL1 ingests hyperscale real-time data, contextualizes it via relationship mapping, and uses patented discovery and automation to accelerate incident response and improve application availability. The platform is trusted by thousands of organizations including large enterprises, federal agencies and managed service providers, and is designed to meet rigorous security requirements such as those of the U.S. Department of Defense. ScienceLogic plans to use new funding to accelerate product development and engineering, expand recruitment, and invest in cloud-native technologies including microservices, containers, and AI/machine learning to advance hybrid cloud operations. The company highlights recent recognition as an AIOps leader in The Forrester Wave and aims to broaden its position within the $30+ billion IT Operations Management software market. It raised $105 million in growth financing to support these initiatives. ScienceLogic builds artificial intelligence software for IT operations management. The company is based in Reston, Virginia and was founded in 2003. Its core product is AI software aimed at automating and improving IT operations management. ScienceLogic secured $25 million in growth financing from Square 1 Bank, a division of Pacific Western Bank. The firm previously raised more than $80 million from investors including Goldman Sachs, Intel Capital and New Enterprise Associates. The financing was announced as growth capital; the report does not include additional operating metrics or valuation information. ScienceLogic provides IT monitoring software ranging from application monitoring services to network, server and service-monitoring tools. It also offers a dedicated monitoring appliance that combines its services into a single package and launched an app store for customized monitoring apps. The company reports about 20,000 customers across enterprises and government organizations. It says year-over-year subscription revenue grew 135 percent. ScienceLogic will use the investment to accelerate sales, marketing, product development, and international market opportunities. The company is seeing strong demand for its Hybrid IT solutions to monitor both cloud and on-premise servers and applications and expects future investments to focus on that area. ScienceLogic provides IT operations and cloud management software for complex, distributed computing infrastructures. Its platform integrates core IT infrastructure management functions, including systems, performance, network, service, event and asset management, plus run book automation and service desk capabilities. The solution is used by service providers, corporations and government. The company raised $15M in a Series B round to support growth. Proceeds are intended for global sales expansion, marketing and continued technology development. The company also appointed John Becker as CEO while co-founder David Link remains chairman of the board. ScienceLogic's EM7 IT Management System monitors datacenter resources, mobile and remote assets, and public and hybrid cloud resources from a single console. The company was bootstrapped prior to this fundraise and reported rapid revenue growth—over 500% from 2005 to 2008—with 2008 sales of $5.9 million. TechCrunch notes the company is cash-flow profitable. With cloud management gaining enterprise attention, ScienceLogic's unified monitoring for cloud and data centers positions it in a hot market. The article suggests that, given its profitability and technology, ScienceLogic could become an acquisition target.

Total raised

$203M

Funding rounds

5

Latest round

Series E

Latest activity

Feb 2021