ScienceLogic raises $105mn in new funding to speed AIOps growth - VanillaPlus - The global voice of Telecoms IT

ScienceLogic, a provider of AI-driven monitoring solutions for hybrid cloud management, has raised US$105 million (€86.38 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. The investment will support the company's continued innovation in the AIOps market and further broaden ScienceLogic's position within the $30 billion (€24.68 billion) IT Operations Management software market. Companies across the globe are adopting cloud strategies and tools 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 organisations look for hybrid-cloud toolsets from trusted partners to securely harness business agility, cost savings and innovation.