ScienceLogic Raises $43M Series D Round Led By Goldman Sachs

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ScienceLogic, an IT monitoring software provider, today announced that it has raised a $43 million Series D funding round led by Goldman Sachs. Current investors NEA (which participated in all of ScieneLogic’s funding rounds) and Intel Capital also participated in this round. Previously, the company raised $41 million.

The company’s product portfolio ranges from application monitoring services to network, server and service-monitoring tools. In addition, the company offers a dedicated monitoring appliance that combines all of its services into a single package. Last year, the company also launched its own app store for customized monitoring apps.

ScienceLogic now has about 20,000 customers, ranging from enterprises to government organizations and says its year-over-year subscription revenue grew 135 percent.

ScienceLogic will use the investment to “accelerate sales, marketing, product development, and international market opportunities.” The company notes that it is seeing a lot of demand from companies that want to use its Hybrid IT solutions for monitoring both their cloud and on-premise servers and applications. Chances are that most of its investments going forward will also focus on this area.