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LogicMonitor’s massive $800M raise shows AI is driving the demand for data center monitoring
Data center monitoring firm LogicMonitor has rasied $800 million in a funding round that values the company at $2.4 billion.
In a recent New Relic survey, 41% of companies cited both AI adoption, as well as increased focus on security and compliance, as key trends driving observability investments. 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. LogicMonitor says it plans to use the proceeds from the latest round of financing to explore strategic mergers and acquisitions, grow into new markets, and “diversify” its products by expanding into new verticals and industries.
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