Another Successful Funding Round for Cloud Monitoring Startup SignalFx

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$75 million.

That’s how much money SignalFx, a real-time cloud monitoring platform startup, has raised in its latest Series E funding round. This latest round brings its total funding haul to $179 million.

Based in San Mateo, California, SignalFx funders for this round included lead investor Tiger Global Management, with General Catalyst, Andreesseen Horowitz and CRV joining in. SignalFx wants to use this new funding to accelerate product development and push its already increasing global expansion.

SignalFx’s list of clients features a who’s who of companies big and small,  from ecommerce, retail, transportation, enterprise, and technology to finance, consumer products, and health care. Customers include both cloud based high-tech organizations, such as Acquia, Carbon Black, Cloudreach, Freecharge, HubSpot, Kayak, Namely, Rappi, Shutterfly, Square, and Yelp, as well as traditional enterprises making digital tech moves like Amtrak, Athena Health, Lululemon, NBCUniversal, and the Warehouse Group.

The startup says it is the only real-time cloud monitoring platform for infrastructure, microservices, and applications, collects and analyzes metrics and traces across every component in its client’s  cloud environment. Built on a massively scalable streaming architecture, SignalFx applies advanced analytics and data-science-directed troubleshooting to let operators find the root cause of issues in seconds.

The new cash infusion from its investors will help SignalFx win over more customers.

“The addition of Tiger Global Management to our team comes at an important time for SignalFx,” said Karthik Rau, CEO, SignalFx. “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.”

SignalFx was launched in 2013 by the original developers of the metrics-based monitoring solution used at Facebook.

Video credit: SignalFx, YouTube