Total amount raised
$142.9 Millions
Latest funding date
4/1/2018
Location
LogicMonitor has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company's platform leverages AI to provide hybrid observability, offering real-time insights and automation for seamless monitoring.
Continue reading to delve into the details of LogicMonitor's funding journey and the key investors supporting this innovative platform.
What Is LogicMonitor?
LogicMonitor, founded in 2008, is headquartered in Santa Barbara, California. The company was established by Steve Francis and has grown significantly since its inception.
Specializing in hybrid observability powered by AI, LogicMonitor offers a SaaS-based automated monitoring platform. This platform provides real-time insights and automation for infrastructure, applications, and business services.
With a robust team, LogicMonitor continues to innovate and expand its offerings, serving a diverse range of industries and helping organizations optimize their IT operations.
How Much Funding Has LogicMonitor Raised?
- Amount Raised: $500K
- Date: July 2009
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch the platform.
- Amount Raised: $7.5M
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Amount Raised: $4.9M
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Amount Raised: $130M
- Date: June 2016
- Lead Investors: Providence Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and financial stability.
- Amount Raised: Not publicly disclosed
- Date: November 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and financial stability.
- Amount Raised: $800M
- Date: November 2024
- Lead Investors: Golub Capital, PSG Equity
- Valuation at Round: Approximately $2.4 billion
- Motivation Behind the Round: To accelerate platform expansion, enter new markets, and diversify into new verticals.
Total Amount Raised: $942.9M
Current Valuation: Approximately $2.4 billion
Key Investors
- Golub Capital
- Details: Golub Capital is a market-leading, award-winning private debt platform with over $45 billion of capital under management. They provide financing solutions to middle-market companies.
- Investment Focus Areas: Technology, healthcare, industrials
- Notable Investments: Apttus, Instructure, Paycor
- PSG Equity
- Details: PSG Equity is a growth equity firm that partners with software and technology-enabled service companies. They focus on helping companies scale and achieve their growth potential.
- Investment Focus Areas: Software, technology-enabled services, healthcare IT
- Notable Investments: Assembly, Formstack, Signaturit
- Providence Equity Partners
- Details: Providence Equity Partners is a premier global asset management firm with over $45 billion in capital under management. They specialize in growth-oriented investments in media, communications, education, and information industries.
- Investment Focus Areas: Media, communications, education
- Notable Investments: Hulu, Blackboard, Univision
- Vista Equity Partners
- Details: Vista Equity Partners is a leading investment firm focused on enterprise software, data, and technology-enabled businesses. They manage over $81 billion in assets and have a portfolio of over 70 companies.
- Investment Focus Areas: Enterprise software, data, technology-enabled services
- Notable Investments: Ping Identity, Marketo, Datto
What's Next for LogicMonitor?
LogicMonitor's future looks promising with the recent $800 million investment, which opens up vast opportunities for platform expansion and entry into new global markets. This significant capital injection will enable the company to diversify into new verticals, bringing AI-driven insights to a broader range of industries.
As LogicMonitor continues to grow, future fundraising opportunities are likely, given the robust market trends and the company's strategic plans. However, challenges such as integrating AI with data center operations and maintaining sustainability while driving innovation could pose hurdles. Despite these challenges, the company's strong market position and strategic investments suggest a bright future ahead.
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