Get the latest tech news
Data center monitoring firm LogicMonitor raises $800M at a $2.4B valuation
Data center monitoring firm LogicMonitor has rasied $800 million in a funding round that values the company at $2.4 billion.
As companies’ server infrastructure grows, they often run into challenges keeping tabs on the health of their various assets, like their cloud and local data centers. The company’s platform, which is in part powered by AI, aims to provide operational visibility across data centers — and the apps that run on them — to reduce the need for troubleshooting. Vista Equity Partners acquired LogicMonitor six years ago for $415 million — and recently began working with financial advisors to explore options for the company.
Or read this on TechCrunch