LogicMonitor
Total amount raised
$142.9 Millions
Latest funding date
April, 2018
LogicMonitor
Location
Title
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 solutions, offering real-time insights and automation.
Continue reading to delve into the details of LogicMonitor's funding journey and the key investors supporting its growth.
What Is LogicMonitor?
LogicMonitor, founded in 2008 by Steve Francis, is headquartered in Santa Barbara, California. The company specializes in hybrid observability powered by AI, offering a cloud-based platform for comprehensive IT infrastructure monitoring.
LogicMonitor's platform provides real-time insights and automation, covering networks, servers, applications, and cloud services. This enables enterprises and managed service providers to proactively manage and optimize their IT environments.
With over 1,000 employees, LogicMonitor continues to grow, driven by its mission to deliver seamless monitoring and analytics solutions that enhance operational efficiency and reduce downtime.
How Much Funding Has LogicMonitor Raised?
- Series A
- Amount Raised: $500,000
- Date: July 2009
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Unknown Round
- Amount Raised: $7,500,000
- Date: April 2014
- Motivation Behind the Round: To expand the team and accelerate product development.
- Unknown Round
- Amount Raised: $4,949,999
- Date: November 2015
- Motivation Behind the Round: To enhance the platform's capabilities and support customer growth.
- Private Equity Investment
- Amount Raised: $130,000,000
- Date: June 2016
- Lead Investors: Providence Strategic Growth
- Motivation Behind the Round: To scale operations, invest in R&D, launch new products, and expand globally.
- Acquisition
- Date: April 2018
- Lead Investors: Vista Equity Partners
- Motivation Behind the Round: To leverage Vista's resources to scale the business and accelerate product investment.
Total Amount Raised: $142,949,999
Current Valuation: $1 billion (~estimated)
Key Investors
- Vista Equity Partners
- Details: Vista Equity Partners is a leading private equity firm focused on software, data, and technology-enabled businesses. They have offices in Austin, San Francisco, Chicago, and Oakland, with more than $31 billion in cumulative capital commitments.
- Investment Focus Areas: Software, data, technology-enabled businesses
- Notable Investments: Marketo, Ping Identity, Datto
- Providence Strategic Growth (PSG)
- Details: PSG is the growth investment arm of Providence Equity Partners, focusing on growth equity investments in lower middle market software and technology-enabled service companies. Providence Equity Partners manages more than $54 billion in capital.
- Investment Focus Areas: Software, technology-enabled services, growth-stage companies
- Notable Investments: Epicor Software, AbacusNext, Jobcase
What's Next for LogicMonitor?
LogicMonitor stands at the cusp of significant growth opportunities, driven by the increasing complexity of IT environments and the need for real-time performance monitoring. With the backing of Vista Equity Partners, the company is poised to leverage extensive resources to scale its operations and enhance its product offerings. The market for hybrid and cloud infrastructure monitoring is expanding rapidly, presenting LogicMonitor with a substantial opportunity to solidify its position as a leader in this space.
Future fundraising opportunities appear promising, especially with Vista's history of substantial capital commitments. This financial backing could facilitate further acquisitions and investments, enabling LogicMonitor to expand its capabilities and market reach. However, the company will need to navigate challenges such as maintaining innovation, managing competition, and aligning with Vista's strategic direction to sustain its growth trajectory.
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