Software company LogicMonitor raises US$130mil


SAN FRANCISCO: Software company LogicMonitor said it has raised US$130mil, marking its largest funding round by a wide margin and setting up the California company for an Asia expansion.

LogicMonitor, a software-as-a-service, or SaaS, company that helps businesses monitor their data centres and flag possible problems, raised US$130mil from Providence Strategic Growth, an investment arm of Providence Equity Partners, the company said in an interview.

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