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Posted by Jenelle on February 24th, 2021

ScienceLogic Declared that it has raised 5 million in Growth financing. Silver Lake Waterman led the company's Series E round with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital.

Firm's ongoing innovation in the AIOps marketplace and further expand ScienceLogic's position over the + billion IT Operations Management software market.

Companies Throughout the World are adopting Cloud strategies and tools more than ever amid the COVID-19 pandemic, with huge demand for electronic services and scalability.

We think ScienceLogic is poised to. Meet that demand as organizations look for hybrid-cloud toolsets from trusted partners to safely exploit business agility, cost savings and invention.

Management has taken root as a front-office priority behind mission-critical digital experiences that define the way we live, play and work.

"As big enterprises shift workloads to The cloud whilst managing on-prem resources, new tools are overriding to deliver service visibility and faster incident resolutions improved by innovative AI/ML technologies," explained Dave Link, guadagnare un milione Founder & CEO of ScienceLogic.

"What we are witnessing is a major Investment cycle away from heritage monitoring programs and toward AIOps platforms"

The funding is intended to accelerate ScienceLogic's product development and technology leadership, encouraging the organization's wider expansion plans and the reach of its flagship SL1 digital infrastructure tracking platform.

Funds are anticipated to be allocated Toward recruiting efforts and merchandise investments aimed toward cloud-native technologies such as microservices and container solutions, AI/machine learning, and hybrid operations that change digital experiences and enhance safety.

"The ScienceLogic team has built a Leading platform to monitor mission-critical infrastructure and applications and is in the center of a number of the largest, most complex IT environments in the forefront of digital transformation," explained Shawn O'Neill, Managing Director and Group Head of Silver Lake Waterman.

"Dave Link and the leadership team have A very long history of building value and trust with customers and we look forward to partnering with the team and assisting drive additional adoption."

Some of the biggest global enterprises, Federal agencies and managed service providers anticipate ScienceLogic's modern platform to ensure availability of the applications and business operations across hybrid-cloud and multi-cloud deployments.

IT operations teams ingest hyperscale data volume in real time across disparate hybrid-cloud architectures, while its patented discovery and automation technologies enhances agility, accelerates incident response and compels productivity by strengthening application health, resolution time and consumer expertise.

The financing news comes following a recent

ScienceLogic's AIOps market leadership

Also was recently highlighted by the Forrester Wave, which comprised That further cement the company's forward momentum.