Real-time Cloud Monitoring Platform SignalFx Receives $75 Million Investment

June 16, 2019
Real-time Cloud Monitoring Platform SignalFx Receives $75 Million Investment
Real-time cloud monitoring platform SignalFx has received a $75 million investment in the form of series E financing. SignalFx, which has headquarters in San Mateo, California, United States, was established in 2013. The company has a research and development office in Krakow, Poland and a presence throughout EMEA and Australia. It employs more than 250 staff globally. SignalFx specializes in several areas including AWS services, monitoring, metrics, analytics, distributed systems, and infrastructure options.

The company bills itself as “the only real-time cloud monitoring platform for infrastructure, microservices, and applications” and replaces “traditional point tools” with “real-time predictive analytics”. Its microservices include Kubernetes and its customers are often big-name players like Yelp, HubSpot, and Acquia. SignalFx’s latest funding is set against a backdrop of an ever-growing cloud arena. The funding was provided by Tiger Global Management with current investors like Andreessen Horowitz, Charles River Ventures, and General Catalyst also involved. The company’s funding to date is $179 million and this latest injection will be used to “accelerate product development and the company’s rapid global expansion”.

“The addition of Tiger Global Management to our team comes at an important time for SignalFx,” explained SignalFx’s CEO Karthik Rau. “SignalFx is at an inflection point in its growth as organizations are investing aggressively in their cloud and digital transformation initiatives and reevaluating their systems management and monitoring strategies. The additional capital from this financing allows us to invest even more in our industry-leading products while also extending our go-to-market reach to more organizations around the world.”

Do you know of any other companies receiving investment funds? Let us know the details. Add your comments below.



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