LogicMonitor received $800 million investment at a $2.4 billion valuation

Observability platform LogicMonitor, $2.4 billion based on valuation 800 million dollars received investment. US-based company’s $800 million investment tour PSG ve Golub Capital took place. LogicMonitor According to the information provided by the company, which purchased the majority shares of the company in 2018 Vista Equity Partnerswill remain the controlling shareholder of LogicMonitor following the investment agreement.

The company announced that it will use the newly received investment to improve the features of its platform and make acquisitions.

in 2007 Jie Song ve Steve Francis founded by LogicMonitor stands out as a software company that offers an observability platform used to detect and solve problems in technology infrastructures.

It detects malfunctions in infrastructure components such as local hardware, cloud services, and SaaS applications. Data about events are visualized to make analysis easier. Users can quickly detect problems by seeing visual maps of faults and system interactions. The company has 100 thousand users.

initiative, d.It tracks configuration changes by monitoring the configurations of repair assets. Accordingly, it sends warnings about performance problems or security vulnerabilities. On the other hand,The company developed Edwin A.I. The artificial intelligence assistant named saves managers’ time by filtering false and unnecessary alerts.

LogicMonitor offers a solution for monitoring Kubernetes environments. The open source platform Kubernetes organizes applications in groups called pods, and each pod runs on a node. Because these nodes change frequently, it becomes difficult to monitor how they interact with each other. LogicMonitor provides a central console to monitor these clusters.