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ScienceLogic Declared it has raised $105 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. <br><br>The investment will support the<br><br> Firm's ongoing innovation in the AIOps marketplace and further expand ScienceLogic's position within the 30 billion IT Operations Management software market.<br>Companies Throughout the globe are adopting Cloud strategies and tools over ever amid the COVID-19 pandemic, with massive demand for electronic services and scalability.<br>We believe ScienceLogic is poised to Meet that demand as organizations look for hybrid-cloud toolsets from reputable partners to securely harness business agility, cost savings and invention.<br> Management has taken root as a front-office priority behind mission-critical electronic experiences that define the way we live, work and play.<br>"As large enterprises shift workloads to The cloud while managing on-prem tools, new tools are paramount to provide service visibility and quicker episode resolutions improved by innovative AI/ML technologies," said Dave Link, Founder & CEO of ScienceLogic.<br>"What we're seeing is a significant Investment cycle from heritage tracking tools and toward AIOps platforms."<br>The funding is intended to accelerate ScienceLogic's product development and technology leadership, encouraging the company's wider expansion plans and the reach of its flagship SL1 digital infrastructure tracking platform.<br>Funds are anticipated to be allocated Toward recruiting efforts and merchandise investments directed at cloud-native technologies such as microservices and container options, AI/machine learning, and hybrid cloud operations that change digital experiences and improve safety.<br>"The ScienceLogic team has assembled a Top platform to monitor mission-critical infrastructure and applications and is in the middle of some of the greatest, most complex IT environments at the forefront of digital transformation," said Shawn O'Neill, Managing Director and Group Head of Silver Lake Waterman.<br>"Dave Link and the leadership group have A very long track record of building trust and value with clients and we look forward to partnering with the group and assisting drive further adoption."<br>Some of the largest global enterprises, National agencies and managed service providers trust ScienceLogic's modern system to guarantee availability of their applications and business operations round hybrid-cloud and multi-cloud deployments.<br><br>The scalable SL1 monitoring platform helps IT operations teams ingest hyperscale data volume in real time across disparate hybrid-cloud architectures, while its patented discovery and automation technologies enhances agility, hastens incident response and compels productivity by strengthening program health, resolution time and consumer experience.<br>The financing news comes after a recent Announcement from the company to enlarge its product development, engineering and sales and marketing staff. <br><br>ScienceLogic's AIOps market leadership<br><br> Also was recently highlighted by the Forrester Wave, which included ScienceLogic as one of only three firms emphasized as AIOps Leaders -- honors That further cement the company's forward momentum.
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Growth funding. The investment will support the Company's continued innovation in the AIOps marketplace and further expand ScienceLogic's position over the $30+ billion IT Operations Management software marketplace. Companies Throughout the globe are adopting Cloud tools and strategies more than ever amid the COVID-19 pandemic, with massive 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 securely harness business agility, cost savings and invention. "More than ever, IT Operations Management has taken root as a front-office priority supporting mission-critical digital experiences that define the way we live, play and work. "As large businesses shift workloads to The cloud whilst handling on-prem resources, new tools are overriding to deliver service visibility and faster incident resolutions made better by innovative AI/ML technology," said Dave Link, Founder & CEO of ScienceLogic. "What we're witnessing is a major Investment cycle from heritage monitoring programs and toward AIOps platforms" The funding is intended to accelerate ScienceLogic's product development and technology direction, supporting the organization's broader expansion plans and the reach of its flagship SL1 digital infrastructure monitoring platform. Funds are expected to be allocated Toward recruitment efforts and product investments directed at cloud-native technologies including microservices and container solutions, AI/machine learning, and hybrid cloud operations that transform digital experiences and enhance security. "The ScienceLogic team has assembled a Top platform to track mission-critical infrastructure and applications and is in the middle of a number of the greatest, most complex IT environments in the forefront of electronic transformation," explained Shawn O'Neill, Managing Director and Group Head of Silver Lake Waterman. "Dave Link along with the leadership group have A very long track record of building trust and value with customers and we look forward to partnering with the team and assisting drive further adoption." Some of the biggest global enterprises, National agencies and harga jam winner automatic original managed service providers trust ScienceLogic's modern platform to guarantee accessibility to their applications and business operations across hybrid-cloud and multi-cloud deployments. The scalable SL1 monitoring platform helps IT operations teams ingest hyperscale data quantity in real time across disparate hybrid-cloud architectures, while its patented discovery and automation technology improves agility, accelerates incident response and compels productivity by strengthening application health, resolution time and consumer expertise. The financing news comes after a recent Announcement from the company to enlarge its product development,
engineering and sales and marketing personnel. Was recently highlighted by the Forrester Wave, which included That further cement the business's forward momentum.
