LogicMonitor
www.logicmonitor.com
Award Sponsor: Raymond James
Headquartered in Santa Barbara, LogicMonitor is a leading hybrid observability platform powered by artificial intelligence. The company’s SaaS-based platform, LM Envision, enables observability and monitoring of cloud-based IT infrastructures, providing technology and business teams with operational visibility and predictability across their technologies and applications.
For more than 18 years, LogicMonitor has been a trailblazer in managing, optimizing, and sustaining vital infrastructures that power modern data centers. The company provides 100,000 users across 30 countries with predictive analytics and real-time insights into infrastructure health, unleashing critical insights that drive resiliency, cost efficiency, and sustainability for its customers.
In November, LogicMonitor announced a transformative $800 million investment of new equity and strategic financing from a consortium of investors including PSG and Golub Capital. The transaction valued the company at $2.4 billion, including debt. Founded by Jie Song and Steve Francis in 2007, LogicMonitor has now raised a total of $942.9 million in equity funding.
It has also racked up an impressive array of honors. In August, LogicMonitor was named for the third time to Inc. magazine’s annual list of the fastest-growing private companies in the United States. Most recently, it was named a 2024 Customers’ Choice in Gartner’s Voice of the Customer Report for Observability Platforms.
In January, LogicMonitor announced a strategic collaboration with artificial intelligence research company OpenAI, solidifying its leadership in AI-powered innovation, and in March, the company announced a partnership with Amazon Web Services.
LogicMonitor is led by Christina Kosmowski, who became CEO is 2022 after serving as company president for just over a year. Previously, she was a senior executive at Slack, where she helped grow revenue from $90 million to more than $1 billion.