LogicMonitor raises $130M

What does LogicMonitor do?

LogicMonitor is a software as a service delivered end to end IT infrastructure monitoring platform. The company provides software as a service based data center monitor services for virtual, physical and cloud based IT infrastructures. The software provides historical trending, monitoring, reporting and SMS/email alerting proactively warn IT staff of potential issues before business interruptions are caused. The company provides pre-configured out of the box monitoring for most vendors of routers, switches, load balancers, firewalls, applications, servers, databases, storage from a single web console and VoIP systems. The software is delivered on a month to month basis of subscription, and is used by managed service providers, SaaS companies, hosting providers, and internal corporate IT staff ensuring max uptime of critical IT systems.
How much LogicMonitor was funded?
LogicMonitor raised $130M on June 16, 2016 from Providence Strategic Growth.
Previous funding
$500k in Series A on July 21, 2009
$7.5M in undisclosed round on April 15, 2014
$4.95M in undisclosed round on November 20, 2015
What is next for LogicMonito?
The company plans to use the latest funding raised for continuing its global market expansion as the leading modern IT infrastructure performance monitoring solution which will cause legacy displacement and premise based monitoring systems in agile and complex environments.
More about LogicMonitor
LogicMonitor was founded in 2008 by Steve Francis. It has its headquarters in Santa Barbara, CA. It is an automated software as a service based IT performance monitorng platform which provides visibility end to end and actionable data necessary for managing sophisticated, hybrid, on-premise and cloud infrastructures. With the company’s Active Discovery of devices, IT teams can monitor and deploy their infrastructures performance data using its customizable and built in dashboars, complete reporting and performance forecasting.