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ScienceLogic, Inc.
IndustryIT Management
Founded2003
Headquarters
Reston, Virginia
,
United States of America
Key people
David Link (CEO) [1]
Antonio Piraino (CTO)
Websitehttp://www.sciencelogic.com

ScienceLogic is a global information technology (IT) software provider based in Reston, Virginia that serves IT monitoring and observability functions specializing in hybrid and multi-cloud deployments.[2] The company’s core customer base includes large enterprises, service providers, global system integrators and public sector agencies. ScienceLogic’s flagship platform, ScienceLogic SL1, is an artificial intelligence for IT operations (AIOps) platform purpose built for scale, collecting large (volume/variety/velocity) data sets, contextualizing data through AI/ML for actionable insights and initiating actions to automate Ops and DevOps.

ScienceLogic’s mission is to provide modern IT operations with cross-domain visibility and actionable insights to predict, troubleshoot and resolve problems faster in a digital, ephemeral world. The company serves multiple verticals including: financial services, healthcare, education, manufacturing and retail. In addition to its headquarters in Reston, Va, ScienceLogic has regional operations throughout North America, EMEA and APAC.[3]

Company History

ScienceLogic was founded in 2003 by the company’s chief executive officer Dave Link, chief scientist Richard Chart and Christopher Cordray.[4] Having worked in the IT operations field themselves, they believed the industry was headed down a fractured and inefficient path and grew increasingly concerned with the rising number of data silos stifling innovation through the actions of operations teams within server, network, application, security and storage. Further compounding the problem, every technology had its own data silo of manageability and there was no cross-domain visibility. Sensing that it was more important to provide a holistic view of how the infrastructure and service were behaving and operating, they began to work on a monitoring platform that broke down the silos and provided one operational view.

Product History

In 2005, ScienceLogic’s first product, EM7, went to market, quickly establishing the company as an emerging leader in the hybrid IT monitoring industry. In 2013, Link recognized the cloud-computing trend and revamped the initial product to tackle the hybrid computing market. Sciencelogic acquired AppFirst on August 18, 2016 for $1 million, recognizing the need to add agent-based systems.[5]

On May 1, 2018, ScienceLogic launched SL1, its flagship platform for multi-cloud environments that brings actionable insights through real-time context applied to operational data.[6] SL1 uses ML to deliver clean, contextualized training data to automate IT issue identification and resolution. SL1 sees everything across cloud and distributed architectures, contextualizes data through relationship and topology mapping, and acts on this insight through out of the box integrations. SL1 supports performance monitoring and management functions across on prem data centers and a variety of cloud providers including: Amazon Web Services (AWS), Microsoft Azure, Google Cloud and IBM Cloud. The platform also integrates with common IT service management tools, like ServiceNow and BMC Remedy, to automate incident resolution and real-time updates to configuration management databases.

Two patents support ScienceLogic’s proprietary technology and the second one was awarded in April 2018. U.S. Patent No. 9,912,546 B2 cover’s Component Detection and Management using Relationships (DCM-R), ScienceLogic’s core mapping technology that is supported by automated issue discovery and remediation.[7] U.S. Patent No. 9,077,611 B2 covers ScienceLogic’s Intelligent Auto-Discovery, which allows its product to efficiently discover network devices using data collection templates that uncover more device detail with every use.[8] SL1 also uses patented-innovations, PowerMap™, and PowerSync™, to understand how the performance of mission-critical applications is impacted by the underlying infrastructure, a common disconnect in modern performance management tools. Multi-dimensional topology maps, known as PowerMaps, enable real-time service health views that inform, analyze and act on the health of the business service. PowerSync is how ScienceLogic collects and shares its common data model fueled by context, with the IT ecosystem to accelerate automation.

Funding

In 2010, ScienceLogic received $15 million in Series A funding from New Enterprise Associates.[9] In 2012, ScienceLogic raised an additional $15 million in Series B funding from Intel Capital.[10] The company went on to raise $11 million in Series C funding in 2013 and $43 million in Series D funding from Goldman Sachs in 2015.[11]

In August 2018, ScienceLogic secured $25 million in growth financing from Square 1 Bank, a Los Angeles-based commercial bank and division of Pacific Western Bank.[12] This brought the total capital and financing raised by ScienceLogic to over $100 million. On November 5, 2018, ScienceLogic announced that its capital investments exceeded $100 million and that the company was debt-free and cash-flow positive. From 2013 through 2018 the company has recognized a +40 percent compound annual growth rate for revenue.

Awards

  • In 2008, ScienceLogic posted $5.9 million in revenue and was placed on Inc. Magazine’s America's 500 Fastest Growing Private Companies at #350. In 2009, the position on the list was #490.
  • In 2009, ScienceLogic was ranked #59 in the Deloitte's 2009 Technology Fast 500 Ranking.
  • On October 2, 2018, ScienceLogic was named as a top vendor by analyst firm, Enterprise Management Associates (EMA) in its “EMA Top 3 Decision Guide for Artificial Intelligence (AI) and Machine Learning (ML) for Optimizing DevOps, IT Operations, and Business.” EMA recognized ScienceLogic SL1 for its ability to ingest data from any source and establish context through advanced topological graphs across all layers of the IT stack, which creates actionable insights necessary to detect anomalies early, optimize predictive maintenance and identify root causes without the typical ‘alert storms.[13]
  • On November 15, 2018, ScienceLogic was named as one of the fastest growing companies on Deloitte’s Technology Fast 500. The company experienced an over 40 percent compound annual growth rate over the previous five years.[14]
  • On December 3, 2018, the company was honored by Channelnomics with the Channelnomics Innovation Awards in the Artificial Intelligence category. [15]
  • On April 18, 2019, ScienceLogic was recognized by Forrester as a leader in its report: “The Forrester Wave: Intelligent Application and Service Monitoring, Q2 2019.” The company had the highest overall score for both the current offering and strategy categories.[16]

References

  1. ^ Leadership http://www.sciencelogic.com/company/leadership
  2. ^ ScienceLogic.com "http://www.sciencelogic.com/product" IT Monitoring Software
  3. ^ MarketWatch “ScienceLogic Expands Management Team to Propel Corporate Growth.” June 21, 2011.
  4. ^ Forbes "" Dave Link's ScienceLogic Builds IT Monitoring Platform for the Internet of Everything." June 13, 2014.
  5. ^ Wall Street Journal "" ScienceLogic Acquires AppFirst." August 19, 2016.
  6. ^ TechCrunch "" ScienceLogic release gives IT view across entire stack." May 1, 2018.
  7. ^ United States Patent and Trademark Office "" Component detection and management using relationships."
  8. ^ United States Patent and Trademark Office "" Self configuring network management system ."
  9. ^ ScienceLogic "" ScienceLogic Raises $15M Growth Equity Investment from NEA." April 7, 2010.
  10. ^ ScienceLogic "" ScienceLogic Raises $15 Million Led by Intel Capital." April 23, 2012.
  11. ^ ScienceLogic.com "" Goldman Sachs Leads $43 Million Series D Investment in ScienceLogic."
  12. ^ ScienceLogic.com "" ScienceLogic Surpasses $100M Investment Profile with $25 Million Growth Financing from Square 1 Bank." November 5, 2018.
  13. ^ Enterprise Management Associates "" Artificial Intelligence and Machine Learning for Optimizing DevOps, IT Operations, and Business: EMA Top 3 Report and Decision Guide for Enterprise." October 2, 2018.
  14. ^ ScienceLogic.com "" ScienceLogic Ranked One of the Fastest Growing Companies in North America on Deloitte’s 2018 Technology Fast 500™." November 15, 2018.
  15. ^ ScienceLogic.com "" ScienceLogic Recognized: Excellence in AI by Channelnomics Award." December 3, 2018.
  16. ^ Forrester "" The Forrester Wave™: Intelligent Application And Service Monitoring, Q2 2019." April 18, 2019.
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