Northern Virginia-based AIOps company ScienceLogic has raised $105 million in Series E round, led by Silver Lake Waterman with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital.
According to the company, the investment will support ScienceLogic’s continued innovation in the AIOps market and further broaden its position within the $30+ billion IT Operations Management software market.
The funding is intended to support the company’s broader expansion plans and the reach of its SL1 digital infrastructure monitoring platform.
Funds are expected to be allocated toward recruitment efforts and product investments aimed at cloud-native technologies including microservices and container solutions, AI/machine learning, and hybrid cloud operations that transform digital experiences and enhance security.
The scalable SL1 monitoring platform helps IT operations teams ingest hyperscale data volume in real-time across disparate hybrid-cloud architectures, while its patented discovery and automation technology improves agility, accelerates incident response and drives productivity by strengthening application health, resolution time and user experience.
The funding news comes after a recent announcement from the company to expand its product development, engineering and sales and marketing staff.