LogicMonitor, a leading SaaS-based hybrid observability platform powered by AI, is announcing a substantial infusion of capital—an investment of $800 million—from PSG, Golub Capital, and other contributors. Powering LogicMonitor’s innovations in bridging AI and data centers, this latest funding will contribute to LogicMonitor’s platform expansion, global footprint, and investment in new verticals.
At the core of LogicMonitor is driving cost efficiency in tandem with resilient AI growth, optimization of mission-critical performance, and sustainability. The push for AI has incited a transformation at the level of the data center, where LogicMonitor serves to manage and optimize vital infrastructures that power modern data centers capable of sustaining AI.
With its latest equity and strategic financing, LogicMonitor will continue to ease the management of complex infrastructures while simultaneously limiting its environmental impact, according to the company.
"We have secured one of the largest and most significant investments for data center observability management as we are a mission critical part of the AI race—in short, AI needs data centers and data centers need LogicMonitor," said Christina Kosmowski, CEO, LogicMonitor. "We are the connective tissue between AI and data center performance as we have the muscle, pedigree, and, most importantly, the data insights to advance the most important and life-altering AI initiatives. This funding round underscores our pivotal role in helping enterprises seize the future of data, automation, and intelligence."
Diving into the funding details, LogicMonitor will leverage its newfound capital to explore platform expansion opportunities, including mergers and acquisitions. These efforts are geared toward delivering autonomous observability data management solutions that ensure data center efficiency and reliability.
LogicMonitor will also expand its global footprint, supporting data centers around the world to meet both local demands and benefit from optimized performance and innovation at scale. Atop this global expansion, LogicMonitor is seeking to expand its industry applicability, providing AI-driven insights and data center observability to new sectors.
"We've been fortunate to support Christina, LogicMonitor, and the rest of the management team as the company has scaled organically over 650% since our investment in mid-2018," said Patrick Severson, co-head of Vista's Foundation Fund and senior managing director, and Ryan Atlas, managing director at Vista. "Over the course of our partnership, LogicMonitor has broadened its solution suite from infrastructure performance monitoring to true hybrid observability and built a global customer and employee base. We're excited to continue supporting the company in this exciting next chapter."
"We are delighted to continue our partnership with LogicMonitor under Christina's outstanding leadership," said John Marquis, managing director at PSG. "The company's strides in AI-driven solutions are redefining how businesses optimize their IT environments, and we are excited to support this incredible team as they lead the future of data center observability management and technological innovation."
To learn more about LogicMonitor, please visit https://www.logicmonitor.com/.