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Growth funding. Silver Lake Waterman led the company's Series E round with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital. <br> Firm's continued innovation in the AIOps market and further broaden ScienceLogic's position over the $30 billion IT Operations Management software market.<br>Companies across the globe are embracing Cloud tools and strategies 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 search for hybrid-cloud toolsets from trusted partners to securely harness business agility, cost savings and invention.<br><br>"More than ever, IT Operations<br><br> Management has taken root as a front-office priority behind mission-critical digital experiences that define the way we live, play and work.<br>"As big enterprises shift workloads to The cloud whilst handling on-prem tools, new resources are overriding to deliver service visibility and quicker episode resolutions made better by advanced AI/ML technologies," said Dave Link, Founder & CEO of ScienceLogic.<br>"What we are witnessing is a major Investment cycle away from legacy monitoring programs and toward AIOps platforms."<br>The funding is intended to accelerate ScienceLogic's product development and engineering direction, supporting the organization's broader expansion plans and the range of its flagship SL1 electronic infrastructure tracking platform.<br>Funds are expected to be allocated Toward recruiting efforts and merchandise investments directed at cloud-native technologies including microservices and container solutions, AI/machine learning, and hybrid operations which change digital experiences and improve safety.<br>"The ScienceLogic team has built a Top platform to monitor mission-critical infrastructure and software and is in the center of some of the greatest, most complex IT environments at the forefront of digital transformation," explained Shawn O'Neill, Managing Director and Group Head of Silver Lake Waterman.<br>"Dave Link and the leadership team have A long history of building value and trust with customers and we look forward to partnering with the team and helping drive further adoption."<br>Some of the largest global enterprises, Federal agencies and managed service providers anticipate ScienceLogic's modern platform to ensure availability of the applications and business operations round hybrid-cloud and multi-cloud deployments.<br> IT operations groups ingest hyperscale data volume in real-time across disparate hybrid-cloud architectures, while its patented detection and automation technologies improves agility, hastens incident response and drives productivity by strengthening program health, resolution time and user expertise.<br>The funding news comes after a recent Announcement from the company to enlarge its product development, engineering and sales and marketing personnel. <br><br>ScienceLogic's AIOps market leadership<br><br> ScienceLogic as one of three firms highlighted as AIOps Leaders -- honors That further cement the company's forward momentum.
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ScienceLogic announced it has raised $105 million in Growth funding. The investment will support the Firm's continued innovation in the AIOps market and further broaden ScienceLogic's position over the 30 + billion IT Operations Management software marketplace. Companies across the globe are embracing Cloud tools and strategies more than ever amid the COVID-19 pandemic, with massive demand for digital services and scalability. We believe ScienceLogic is poised to. Meet that demand as organizations search for hybrid-cloud toolsets from reputable partners to safely exploit business agility, cost savings and invention. Management has taken root as a front-office priority behind mission-critical electronic experiences that define how we live, work and play. "As big businesses shift workloads to The cloud while handling on-prem tools, new resources are paramount to provide service visibility and quicker episode resolutions made better by advanced AI/ML technologies," said Dave Link, Founder & CEO of ScienceLogic. "What we are seeing is a major Investment cycle from legacy tracking programs and toward AIOps platforms." The funding is intended to accelerate ScienceLogic's product development and technology leadership, supporting the organization's broader expansion plans and the range of its flagship SL1 electronic infrastructure tracking platform. Funds are expected to be allocated Toward recruiting efforts and product investments directed at cloud-native technologies including microservices and container solutions, AI/machine learning, and hybrid operations which transform digital experiences and enhance security. "The ScienceLogic team has assembled a Leading platform to track mission-critical infrastructure and applications and is at the middle of a number of the largest, most complex IT environments at 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 Additional info very long track record of building trust and value with clients and we look forward to partnering with the group and helping drive additional adoption." Some of the largest global enterprises, National agencies and managed service providers trust ScienceLogic's modern system to ensure availability of their applications and business operations across hybrid-cloud and multi- cloud deployments. The scalable SL1 monitoring platform helps IT operations groups 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 expertise. The financing news comes after a recent ScienceLogic's AIOps market leadership
Was recently emphasized by the Forrester Wave, which included ScienceLogic as one of three firms emphasized as AIOps Leaders -- honors That further cement the company's forward momentum.
