Startup LogicMonitor Raises $130 Million for Global Expansion

LogicMonitor In the Press

LogicMonitor Inc., which helps companies manage their technology systems in data centers, has raised $130 million to help expand its product lineup and global reach.

With the funding, the Santa Barbara, California-based company has raised more than $150 million, Chief Executive Officer Kevin McGibben said in an interview. The investment came from Providence Strategic Growth, the growth equity affiliate of Providence Equity Partners, which has more than $45 billion in assets. The cash infusion will help the company bolster engineering, expand sales and marketing and boost its overseas presence, including in Europe.

Read More: Bloomberg