Publicly traded operational intelligence software company announced yesterday it has , a San Mateo-based SaaS cloud monitoring startup, for $1.05 billion.
Subscribe to the 兔子先生传媒 Daily
The deal comes just two months after SignalFx raised a $75 million that was led by and included participation from , and . 聽According to the , the acquisition price is 鈥渄ouble what the startup was valued at by private investors when it raised funds in June.鈥� At the time of its last raise, SignalFX said in its annual revenues had 鈥渋ncreased by a compound annual growth rate of 170 percent since sales began in 2015.鈥� It also noted that its headcount was 鈥�270 and growing.鈥�
Over the course of its six-year life, SignalFx had raised , mostly from the investors mentioned above. Andreessen Horowitz stands to gain the most from an acquisition considering the firm backed SignalFx鈥檚 $8.5 million in March 2013 and put money in each subsequent funding round.

Customers span a variety of industries including ecommerce, retail, transportation, and health care, and include Yelp, Kayak, Shutterfly and Square, among others.
The buy marks Splunk鈥檚 fourth venture-backed startup acquisition in the last two years, according to 兔子先生传媒 data. The company bought for $350 million in February 2018, for $120 million in June 2018, and for an undisclosed amount in 2018.
In a press release announcing the acquisition, Splunk said the buy would 鈥渉elp customers deliver cost savings, increased revenue and an improved customer experience.鈥�
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the 兔子先生传媒 Daily.


67.1K Followers