Total amount raised
$235.2 Millions
Latest funding date
10/01/2022
Location
ScienceLogic has successfully raised funding through multiple rounds, with notable investors including Intel Capital and NewView Capital. The company specializes in AI-driven monitoring solutions for hybrid cloud management.
Keep reading to explore the intricacies of ScienceLogic's fundraising journey and the investors backing this innovative platform.
What Is ScienceLogic?
ScienceLogic, founded in 2003, is based in Reston, Virginia. The company was established by Chris Cordray, David Link, and Richard Chart.
Specializing in AI-driven monitoring solutions, ScienceLogic provides real-time monitoring for IT components across public cloud environments and on-premises. Their platform includes numerous packaged management apps and custom automation capabilities.
With a workforce of 501-1000 employees, ScienceLogic serves over 50,000 global service providers, enterprises, and government organizations, simplifying IT infrastructure, applications, and services management.
How Much Funding Has ScienceLogic Raised?
- Series A
- Amount Raised: $15M
- Date: April 2010
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for product development and market entry.
- Series B
- Amount Raised: $15M
- Date: April 2012
- Lead Investors: Intel Capital, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series C
- Amount Raised: $11M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and increase market penetration.
- Series D
- Amount Raised: $43M
- Date: February 2015
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Debt Financing
- Amount Raised: $25M
- Date: November 2018
- Lead Investors: Pacific Western Bank, Square 1 Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and strategic initiatives.
- Series E
- Amount Raised: $105M
- Date: February 2021
- Lead Investors: Silver Lake Waterman
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support innovation in the AIOps market and expand product development.
- Venture Round
- Amount Raised: $21.2M
- Date: October 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-driven monitoring solutions and enhance market position.
Total Amount Raised: $235.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Intel Capital
- Details: Intel Capital is the strategic investment arm of Intel Corporation, focusing on innovative technology startups. They have a global presence and invest in companies that align with Intel's strategic interests.
- Investment Focus Areas: AI, cloud computing, data services
- Notable Investments: Cloudera, DocuSign, MongoDB
- NewView Capital
- Details: NewView Capital is a venture capital firm that invests in growth-stage technology companies. They focus on companies that are scaling rapidly and have strong market potential.
- Investment Focus Areas: Technology, innovation, growth-stage companies
- Notable Investments: Plaid, Duolingo, Scopely
- Silver Lake Waterman
- Details: Silver Lake Waterman is a growth capital fund within Silver Lake, a global leader in technology investing. They provide flexible expansion capital to later-stage growth companies in the technology sector.
- Investment Focus Areas: Technology, technology-enabled industries
- Notable Investments: Not specified in the sources
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Technology, finance, various sectors
- Notable Investments: Not specified in the sources
- Pacific Western Bank
- Details: Pacific Western Bank is a commercial bank that provides a wide range of financial services. They focus on delivering customized solutions to meet the needs of their clients.
- Investment Focus Areas: Commercial banking, financial services
- Notable Investments: Not specified in the sources
What's Next for ScienceLogic?
ScienceLogic stands at the cusp of significant growth opportunities, driven by the increasing adoption of hybrid-cloud management solutions and AI-driven monitoring. With a $30+ billion IT Operations Management market and a projected $14.3 billion AIOps market by 2025, the company is well-positioned to capitalize on these trends. The recent $105 million Series E funding will fuel product development, engineering leadership, and recruitment efforts, particularly in cloud-native technologies and AI/machine learning.
Future fundraising opportunities seem promising, given the strong backing from investors like Silver Lake Waterman, Goldman Sachs, and Intel Capital. These funds will likely support further innovation and market expansion. However, ScienceLogic will face challenges such as intense competition in the AIOps market and the need to continuously innovate to keep pace with rapid technological advancements. Balancing growth with maintaining service quality will be crucial as the company scales its operations.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like ScienceLogic and gather other critical business insights.
Sign up for free and start exploring the wealth of information available at Clay.
