LogicMonitor - a startup that collected $ 130 million
LogicMonitor is a Santa Barbara startup that assists companies in managing their technical systems in data centers. The company attracted an unexpectedly large investment of $ 130 million from Providence Strategic Growth, a shareholder in Providence Equity Partners. The money was allocated for the development of the product line in order to increase sales and company presence abroad, including Europe. This is quite a solid amount, as for such a deal, especially now, when Silicon Valley start-ups are preparing for a cold winter. According to executive director Kevin McGibben (Kevin McGibben), the investment of solid investments was possible due to the fact that the company "was not founded in the style of Silicon Valley."
According to MacGibben:
According to MacGibben (Kevin McGibben), LogicMonitor managed to raise more than $ 150 million.
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LogicMonitor was founded in 2008. It helps customers, such as Jetblue and National Geographic, monitor their computing infrastructure in their own data centers and on large cloud platforms (for example, Amazon Web Services) from a single interface.
The money received will go to the development of marketing, product development and international expansion.
And while McGibben refuses to share information about whether LogicMonitor is profitable, he notes that the company has an investment capital of $ 21 million. In the arsenal of the company there is a "magic" combination for sustainable growth of the business model.
This philosophy is also reflected in the choice of LogicMonitor venture capital investors. They decided to go as a traditional Silicon Valley firm. The choice in favor of Providence was conscious and deliberate.
The company competes with such giants as the international corporation Business Machines and Hewlett Packard Enterprise, but over the past two years, the company has been able to double its sales.
The company's services have proven popular among service providers and attract with its simplicity. All that is required of the system administrator is to download a java-client to the computer, connect to the LogicMonitor remote cloud environment, and the built-in data collection mechanism does the rest. The software can start merging reporting logs, without requiring users to install any local clients or open the device manually.
Once once in the LogicMonitor cloud, you can already visualize the entries on the graphic panel using about 600 pre-installed configuration modules. While the network support team can configure the program to display delay statistics, their colleagues from the “server” side can monitor the performance data of important workloads. In addition, the software allows you to create high-level reports for managers interested in monitoring IT operations from anywhere.
Investments received from Providence Strategic Growth will allow the company to expand its functionality and launch additional services, which, according to McGibben, are already under development. Moreover, the startup also plans to intensify its efforts to enter the international market with an eye on expansion.
According to MacGibben:
LogicMonitor is a company whose creation we have thought through to the smallest detail.
According to MacGibben (Kevin McGibben), LogicMonitor managed to raise more than $ 150 million.
')
LogicMonitor was founded in 2008. It helps customers, such as Jetblue and National Geographic, monitor their computing infrastructure in their own data centers and on large cloud platforms (for example, Amazon Web Services) from a single interface.
The money received will go to the development of marketing, product development and international expansion.
And while McGibben refuses to share information about whether LogicMonitor is profitable, he notes that the company has an investment capital of $ 21 million. In the arsenal of the company there is a "magic" combination for sustainable growth of the business model.
This philosophy is also reflected in the choice of LogicMonitor venture capital investors. They decided to go as a traditional Silicon Valley firm. The choice in favor of Providence was conscious and deliberate.
The company competes with such giants as the international corporation Business Machines and Hewlett Packard Enterprise, but over the past two years, the company has been able to double its sales.
The company's services have proven popular among service providers and attract with its simplicity. All that is required of the system administrator is to download a java-client to the computer, connect to the LogicMonitor remote cloud environment, and the built-in data collection mechanism does the rest. The software can start merging reporting logs, without requiring users to install any local clients or open the device manually.
Once once in the LogicMonitor cloud, you can already visualize the entries on the graphic panel using about 600 pre-installed configuration modules. While the network support team can configure the program to display delay statistics, their colleagues from the “server” side can monitor the performance data of important workloads. In addition, the software allows you to create high-level reports for managers interested in monitoring IT operations from anywhere.
Investments received from Providence Strategic Growth will allow the company to expand its functionality and launch additional services, which, according to McGibben, are already under development. Moreover, the startup also plans to intensify its efforts to enter the international market with an eye on expansion.
Source: https://habr.com/ru/post/306394/
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