LogicMonitor Snags Giant, $130M Funding Round

Santa Barbara-based LogicMonitor, which develops IT infrastructure monitoring software, is announcing a gigantic, $130M funding round today, from growth equity fund Providence Strategic Growth (PSG). PSG is the growth equity funding arm of Providence Equity Partners. The funding is a huge, vote of confidence for LogicMonitor, which said it will use the funding for global market expansion. LogicMonitor's software tools are used for IT infrastructure monitoring, across private, hybrid, and public cloud environments. The company is led by Kevin McGibben. More information »