TechTaffy

tech:

taffy

LogicMonitor receives $130M investment from Providence Equity Partners

By TechTaffy Desk

IT performance monitoring company LogicMonitor has received a $130 million investment from Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, a global private equity firm with $45 billion in assets under management. Thomas Reardon, managing Director at Providence Strategic Growth will join the LogicMonitor board.

“We’ll continue aggressive investments in new product enhancements to meet the fast-evolving dynamics of highly-technical, complex, and large IT operations environments,” said Kevin McGibben, CEO of LogicMonitor.

LogicMonitor provides SaaS (Software as a Service)-based performance monitoring, offering solutions to monitor on-premise, cloud, and hybrid datacenters from a single platform.

LogicMonitor is used by JetBlue, Trulia, Citrix, Zendesk, Pacific Life, and National Geographic, according to the company.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.