Total amount raised
$235.2 Million
Latest funding date
10/01/2022
Location
ScienceLogic has successfully raised funding over seven rounds, with the latest being a Venture - Series Unknown round. The company is backed by notable investors, including Intel Capital and NewView Capital.
Keep reading to explore the intricacies of ScienceLogic's fundraising journey and the investors backing this innovative platform.
What Is ScienceLogic?
ScienceLogic, based in Reston, Virginia, is a private company specializing in AI-driven monitoring solutions for hybrid cloud management. The company operates in various industries, including analytics, artificial intelligence, cloud data services, cloud management, and IT management.
Founded to provide innovative IT operations solutions, ScienceLogic has grown to employ between 501-1000 people. The platform is designed to streamline problem-solving, reduce mean time to repair (MTTR), and lower total cost of ownership (TCO) by consolidating multiple solutions into one.
How Much Funding Has ScienceLogic Raised?
- Series A
- Amount Raised: USD 15,000,000
- 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: USD 15,000,000
- Date: April 2012
- Lead Investors: Intel Capital, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product capabilities.
- Series C
- Amount Raised: USD 11,000,000
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and support customer acquisition.
- Series D
- Amount Raised: USD 43,000,000
- Date: February 2015
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in technology advancements.
- Debt Financing
- Amount Raised: USD 25,000,000
- Date: November 2018
- Lead Investors: Pacific Western Bank, Square 1 Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Series E
- Amount Raised: USD 105,000,000
- Date: February 2021
- Lead Investors: Silver Lake Waterman
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support recruitment efforts and product investments in cloud-native technologies, AI/machine learning, and hybrid cloud operations.
- Series Unknown
- Amount Raised: USD 21,167,632
- Date: October 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand product offerings and enhance market presence.
Total Amount Raised: USD 215,167,632. 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 and companies worldwide. They participated in ScienceLogic's Series E funding round.
- Investment Focus Areas: AI, cloud computing, data-centric technologies
- Notable Investments: Red Hat, VMware, Cloudera
- NewView Capital
- Details: NewView Capital is a venture capital firm that partners with growth-stage technology companies. They participated in ScienceLogic's Series E funding round.
- Investment Focus Areas: Growth-stage technology companies
- Notable Investments: Duolingo, Plaid, Segment
- Silver Lake Waterman
- Details: Silver Lake Waterman is part of Silver Lake, a global leader in technology investing with approximately $75 billion in combined assets under management. They led ScienceLogic's Series E funding round.
- Investment Focus Areas: Technology, technology-enabled industries, later-stage growth companies
- Notable Investments: Dell Technologies, Airbnb, Twitter
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They participated in ScienceLogic's Series E funding round as an existing investor.
- Investment Focus Areas: Technology, finance, healthcare
- Notable Investments: Uber, Spotify, WeWork
- Pacific Western Bank
- Details: Pacific Western Bank is a commercial bank that provides a wide range of financial services. They participated in ScienceLogic's debt financing round.
- Investment Focus Areas: Commercial banking, financial services
- Notable Investments: Not publicly disclosed
What's Next for ScienceLogic?
ScienceLogic stands at the cusp of significant growth opportunities, driven by the increasing adoption of hybrid cloud management and AI-driven monitoring solutions. With a recent $105 million Series E funding round, the company is well-positioned to invest in cloud-native technologies, AI/machine learning, and hybrid cloud operations. These advancements are expected to enhance their platform's capabilities, making it a critical tool for enterprises navigating the complexities of modern IT environments.
Future fundraising opportunities seem promising, given the strong backing from prominent investors like Silver Lake Waterman and Goldman Sachs. This financial support could pave the way for further innovation and expansion, potentially leading to additional funding rounds. However, ScienceLogic will need to navigate challenges such as intense competition in the AIOps market and the rapid pace of technological advancements. Ensuring seamless integration and maintaining the scalability of their platform will be crucial for sustaining their growth trajectory.
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