Reston's ScienceLogic closed a $105M Series E funding round - Technical.ly DC

Growth

Feb. 24, 2021 8:43 am

Reston’s ScienceLogic closed a $105M Series E funding round

The artificial intelligence-focused IT monitoring solutions provider plans to use the funding to advance its cloud management solutions. It's also continuing its hiring blitz.
ScienceLogic CEO Dave Link and Chief Scientist Richard Chart.

ScienceLogic CEO Dave Link and Chief Scientist Richard Chart.

(Photo from Dave Link's Twitter account)

After recently announcing plans to expand its team by 40%, Reston, Virginia-based ScienceLogic has secured $105 million in growth financing.

ScienceLogic is an artificial intelligence-focused IT monitoring solutions provider. This Series E growth financing round was led by Silver Lake Waterman with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital. ScienceLogic plans to use the funding to advance its cloud management solutions as more companies invest in cloud strategies and tools.

“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 ScienceLogic founder and CEO Dave Link in a statement. “What we’re witnessing is a major investment cycle away from legacy monitoring tools and toward AIOps platforms.”

When ScienceLogic announced its hiring blitz, it said these plans came as it was preparing to close a big deal, and it seems it’s come. Along with focusing on expanding its IT offerings, the company is looking to hire for its product development, engineering, sales, marketing, customer success and support teams. ScienceLogic is specifically looking for tech professionals with experience with AI, machine learning, SaaS and cloud operations to align with its goals. The company will be putting a portion of the Series E toward recruiting efforts.

Check out the more than 60 job openings ScienceLogic has listed on Glassdoor, which includes open roles in engineering, HR, product management, customer success, business development and marketing.

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