LogicMonitor raised $800M in a funding round led by Golub Capital and PSG Equity to enhance its hybrid observability platform for IT monitoring.
Nov 25, 2024•8 months ago
Amount Raised
$800 Million
Investors
Psg EquityGolub Capital
Description
LogicMonitor, a hybrid observability platform based in Santa Barbara, has successfully raised $800M. This round strengthens its capabilities in providing IT observability and monitoring across cloud infrastructures.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech