ScienceLogic announces $43M venture capital round of financing led by Goldman Sachs


ScienceLogic announced a new $43M venture capital round of financing led by Goldman Sachs, with NEA and Intel



ScienceLogic announced a new $43M venture capital round of financing led by Goldman Sachs, with NEA and Intel

ScienceLogic is experiencing massive growth as enterprises and governments move in large numbers to take advantage of the cost savings and efficiency gained from Hybrid IT – or the ability to burst to the public cloud to meet fluctuating computing and business requirements.

ScienceLogic is the only IT monitoring provider to have architected its products specifically to meet Hybrid IT monitoring requirements, across multi-clouds environments. The company recently reported year-over-year subscription GAAP revenue growth of 135 percent and year-over-year subscription customer acquisition of 125 percent.

Nearly 80 percent of global enterprises are now leveraging public clouds such as Amazon Web Services (AWS) to establish hybrid IT environments and 70 percent of those companies are planning to dramatically increase spending in the public cloud over the next year, based on the current benefits gained[1].

ScienceLogic delivers the next generation IT monitoring platform for the network of everything. Over 15,000 global Service Providers, enterprises, and government organizations rely on ScienceLogic every day to significantly enhance their IT operations.