ScienceLogic are in the money

GLOBAL NEWS

ScienceLogic is in the money

SCIENCELOGIC has raised $105 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 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 organizations look for hybrid-cloud toolsets from trusted partners to securely harness business agility, cost savings and innovation.

“More than ever, IT Operations Management has taken root as a frontoffice priority supporting mission-critical digital experiences that define the way we live, work and play. As large enterprises shift workloads to the cloud while managing on-prem resources, new tools are paramount to deliver service visibility and faster incident resolutions made better by advanced AI/ML technologies,” said Dave Link, Founder & CEO of ScienceLogic. “What we’re witnessing is a major investment cycle away from legacy monitoring tools and toward AIOps platforms.”

The funding is intended to accelerate ScienceLogic’s product development and engineering leadership, supporting the company’s broader expansion plans and the reach of its flagship 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 transforms digital experiences and enhance security.

“The ScienceLogic team has built a leading platform to monitor missioncritical infrastructure and applications and is at the center of some of the largest, most complex IT environments at the forefront of digital transformation,” said Shawn O’Neill, Managing Director and Group Head of Silver Lake Waterman. “Dave Link and the leadership team have a long track record of building value and trust with customers and we look forward to partnering with the team and helping drive further adoption”.

Some of the largest global enterprises, federal agencies and managed service providers trust ScienceLogic’s modern platform to ensure availability of their applications and business operations across hybrid-cloud and multi-cloud deployments. The scalable SL1 monitoring platform helps IT operations teams ingest hyperscale data volume in real-time across disparate hybridcloud 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. ScienceLogic’s AIOps market leadership also was recently highlighted by the Forrester Wave, which included ScienceLogic as one of only three firms highlighted as AIOps Leaders – honors that further cement the company’s forward momentum.

Raygun launches APM for Node.js

RAYGUN has announced the latest in their APM language support: Raygun APM for Node.js.

Node.js is the technology of choice for some of the largest companies in the world, and remains one of the most popular with over 50% of developers having used Node.js in 2020. As companies respond to the changing demands of customers in our current climate, it has never been more important for scaling companies to better manage their online experiences. In today’s world, application quality is inextricably linked to business success — undetected slowdowns could cost a company millions of dollars.

Raygun APM helps developers detect problems before they affect customers with actionable, real-time insights into application quality metrics like Apdex score, slowest requests and methods, active issues, and more. Because they have access to insights and diagnostics, developers can pinpoint issues faster, and some companies reduce the time spent resolving issues by 90%.

Raygun’s points of difference in the APM market are that they offer more code-level detail, better data visualization, and a usage-based billing model that compliments modern infrastructures.

Product Manager at Raygun, Bianca Grizhar, says that: “Raygun APM presents an exciting opportunity for the Node. js community. We built Raygun with the modern development team front-of-mind — it’s easy to use, yet highly configurable for flexibility with technologies like Docker. We’re proud to offer one of the best tools on the market so that developers can proactively identify performance problems before they have a chance to negatively impact a business.”