LogicMonitor, a Santa Barbara, CA-based provider of a SaaS-based hybrid observability platform, has secured an $800 million strategic investment.
Investors
The investment came from a consortium of investors, including PSG, Golub Capital, and others which values the company at approximately $2.4 billion, including debt.
LogicMonitor Use of Funds
The company will use the funding to accelerate platform expansion, global market penetration, and diversification into new industries.
About LogicMonitor
Led by CEO Christina Kosmowski, LogicMonitor provides a SaaS-based platform offering hybrid observability solutions for managing and optimizing IT infrastructure, including data centers, cloud environments, and networks. It leverages artificial intelligence (AI) to provide real-time monitoring, predictive analytics, and insights into the health and performance of complex infrastructure systems. The company's SaaS-based platform, LM Envision, enables observability across on-premise and multi-cloud environments.
Funding Details
Company: LogicMonitor Inc.
Raised: $800.0M
Round: Strategic
Funding Date: November 2024
Investors: PSG, Golub Capital
Company Website: https://www.logicmonitor.com/
Software Category: Hybrid Observability Solutions
Source: https://www.prnewswire.com/news-releases/logicmonitor-seeks-to-disrupt-ai-landscape-with-an-800-million-strategic-investment-at-a-valuation-of-approximately-2-4-billion-to-revolutionize-data-centers-302311370.html