Security News > 2021 > February > ScienceLogic raises $105M to support the company’s continued innovation in the AIOps market

The investment will support the company's continued innovation in the AIOps market and further broaden ScienceLogic's position within the $30+ billion IT Operations Management software market.

We believe ScienceLogic is poised to meet that demand as organizations look for hybrid-cloud toolsets from trusted partners to securely harness business agility, cost savings and innovation.

"As large enterprises shift workloads to the cloud while managing on-prem resources, new tools are paramount to deliver service visibility and faster incident resolutions made better by advanced AI/ML technologies," said Dave Link, Founder & CEO of ScienceLogic.

The funding is intended to accelerate ScienceLogic's product development and engineering leadership, supporting the company's broader expansion plans and the reach of its flagship SL1 digital infrastructure monitoring platform.

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

ScienceLogic's AIOps market leadership also was recently highlighted by the Forrester Wave, which included ScienceLogic as one of only three firms highlighted as AIOps Leaders - honors that further cement the company's forward momentum.

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