Observability company LogicMonitor has secured an $800 million investment from PSG and Golub Capital, valuing the company at approximately $2.4 billion. The funds will help enhance LogicMonitor’s capabilities and expand its market presence.
LogicMonitor’s platform features an agentless architecture that provides data centers with real-time insights and a comprehensive monitoring solution. It allows operators to oversee infrastructure including networks, servers, virtual machines and various cloud services like AWS, GCP and Azure. The platform offers predictive analytics and real-time insights into infrastructure health, helping organizations optimize performance and ensure resilience.
The company plans to use the investment to grow its platform through new mergers and acquisitions and broaden its global footprint. Additionally, LogicMonitor is looking to increase its global market reach and enter new industry verticals to help reduce IT complexity, improve uptime and fuel digital transformation.
