Cloud monitoring firm ScienceLogic lands $43 million from Goldman Sachs

The IT cloud service company says it will use the Series D round to accelerate sales, marketing, product development, and international market opportunities.

IT cloud services startup ScienceLogic has closed a $43 million Series D round of funding led by Goldman Sachs, the company announced today. Previous investors NEA and Intel Capital also participated.

The startup says it plans to use the cash influx to accelerate sales, marketing and product development, and to expand internationally.

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ScienceLogic makes software that allows IT teams to monitor their infrastructure from the cloud or on premises -- allowing the firm to enjoy the rising popularity of the hybrid cloud model.

Its software can automatically visualize the entire on and off-premise infrastructure of an enterprise, map out the cross-technology and cross-cloud dependencies, and the instantly apply appropriate monitoring policies.

While ScienceLogic does not yet break out its finances, the startup claims to have experienced year-over-year subscription revenue growth of 135 percent.

"We were attracted by the transformative market opportunity, the unique differentiation of the ScienceLogic Hybrid IT monitoring software, and the consistent results of a disciplined management team," said David Campbell, managing director of the Merchant Banking Division for Goldman Sachs, in a statement.