ScienceLogic Lands $43 Million in Funding
The company provides complete end-to-end visibility and understanding into the status and availability of legacy systems and public cloud infrastructure.IT monitoring software provider ScienceLogic, announced a $43 million Series D venture capital funding round led by Goldman Sachs, with current investors NEA and Intel Capital also participating. "ScienceLogic is strategically using this funding to further our leadership in the hybrid cloud monitoring marketplace," Dave Link, CEO of ScienceLogic, told eWEEK. "Specifically we will grow our sales teams and marketing budgets over 100 percent during the next 12 months. In addition, we are rapidly adding skilled software engineering and customer success management resources.” Link also noted that the company will invest in growing its global presence. ScienceLogic software automatically discovers an organization’s on- and off-premise infrastructure, visually mapping the cross-technology and cross-cloud dependencies, and applying the right monitoring policies. It also provides complete end-to-end visibility into the status and availability of legacy systems and public cloud infrastructure, to allow troubleshooting and identification of issues.
"Simply put, all enterprises require an extraordinary amount of oversight and visibility into their IT systems. Historically companies have maintained these systems on their premises in legacy datacenters," Link said. "For many enterprises, this legacy IT approach makes less strategic and economic sense today. As the move to public clouds takes place, it’s very difficult to manage the simultaneous performance of your in-house and off- premise IT resources through one system."