LogicMonitor Secures $800 Million
LogicMonitor, a Santa Barbara, CA-based provider of a SaaS-based hybrid observability platform, has secured an $800 million strategic investment.
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.
The company will use the funding to accelerate platform expansion, global market penetration, and diversification into new industries.
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