ScienceLogic, a company with software for tracking the health of companies’ applications and underlying IT infrastructure, is unveiling today a new $43 million funding round.
The Reston, Va.-based company has been around since 2003, so it’s not exactly the hottest new startup around. But ScienceLogic does have a major new investor to boast of: Goldman Sachs, which led the new round. Previous investors NEA and Intel Capital also participated.
The new money will give ScienceLogic the freedom to spend more on sales, marketing, geographical expansion, and further product development.
The global security market was little more than a cottage industry in 2002, when it was an insular $3.5 billion market dominated by just five vendors. Fast-forward to today and there is — I estimate — $87 billion being spent in 2014, while that number should increase to $120 billion by 2017, according to AGC Partners (.pdf).
