A unicorn company which optimises data centre operations through technology is targeting UK growth after securing $800 million in funding.
LogicMonitor, based in California, provides 100,000 users across 30 countries with predictive analytics and real-time insights into infrastructure health.
A spokesperson told BusinessCloud: “Our UK business is a significant part of our EMEA operations: approximately a third of our total business comes from this region, with the UK being the largest contributor.
“We have an office in London where we employ over 100 people. The UK is a key market for us, and we are continuing to invest heavily here.”
The $800m of new equity and strategic financing comes from a consortium of investors including PSG, Golub Capital and others. Vista Equity Partners will remain the controlling shareholder in LogicMonitor, which the transaction values at approximately $2.4 billion, including debt.
“We have key customers across various verticals, including the NHS, King’s College, AXA, Schroders, Investec, Unipart, BP, ITV, Costa, and IHG,” the spokesperson continued.
“Additionally, a significant part of our go-to-market strategy involves partnerships with managed service providers such as Nasstar, 6 Degrees, BP and Wavenet.
“Looking ahead, we aim to grow even further for next year within the EMEA region, with the majority of that growth expected to come from the UK. We are also continuing to build our partner program with key value-added resellers like SCC, Softcat, and Bytes, as well as global system integrators such as Infosys, NTT, and HCL.”
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LogicMonitor says the investment round will fuel its pivotal role in bridging the intelligence of AI with the operational backbone of data centres, ensuring these mission-critical ecosystems operate with optimal performance, sustainability and resilience.
“We have secured one of the largest and most significant investments for data centre observability management as we are a mission critical part of the AI race – in short AI needs data centres and data centres need LogicMonitor,” said Christina Kosmowski, CEO.
“We are the connective tissue between AI and data centre performance as we have the muscle, pedigree, and, most importantly, the data insights to advance the most important and life-altering AI initiatives. This funding round underscores our pivotal role in helping enterprises seize the future of data, automation, and intelligence.”