Reston-based ScienceLogic has raised $43 million from Goldman Sachs and other big investors, executives announced Thursday, marking the information technology company’s fourth and largest infusion of venture capital to date.
Goldman Sachs acted as the deal’s lead investor with additional contributions from New Enterprise Associates and Intel Capital. Both NEA and Intel have previously invested in ScienceLogic, which has received venture capital four times since 2010.
The latest money will allow the company to hire some 80 employees before the year’s end, at least half of whom will fill positions in the Washington region, said founder and chief executive David Link. Most of the jobs will be in sales and marketing, he said.
ScienceLogic sells software that monitors the information technology networks of corporations and government agencies for problems and, whenever possible, fixes them automatically.
Large I.T. networks have become more complex in recent years as an increasing number of organizations shift to cloud computing, meaning their systems and data are housed in remote centers, often in other states or countries.
“Historically, companies managed and maintained systems on their premises,” Link said. “That, at one point, made a lot of economic and strategic sense. However, it’s making less economic and strategic sense today.”
Link said ScienceLogic has doubled its total number of customers in just the last year, due in part to extensive growth in Australia and Southeast Asia. In addition to its Reston headquarters, the company has offices in Australia, Singapore and the United Kingdom. It currently counts 165 employees worldwide.