SignalFx announced $45 million in Series D funding led by General Catalyst with participation from existing investors Andreessen Horowitz and Charles River Ventures. This round brings total funding for SignalFx to $103.5 million since its founding in 2013.
As the only platform delivering a consolidated real-time view of infrastructure, services, applications, containers, and functions, SignalFx has gained the trust of the world’s leading brands across a range of industry verticals from hi-tech, financial services, media and telecommunications, to retail, healthcare, manufacturing, and consumer products. A few notable customers include athenahealth, Ellie Mae, HubSpot, Kayak, Shutterfly, Square, and Yelp.
“We are enormously excited to welcome General Catalyst to our team,” says Karthik Rau, CEO and co-founder of SignalFx. “Our industry is at a critical inflection point as the vast majority of existing systems management solutions are ill equipped to handle the software architectures and delivery models that every company now aspires towards. In the past three years, we’ve been privileged to partner with over a hundred enterprises across many industry verticals to accelerate their journey to cloud-native. With the additional Series D funding, we plan to accelerate our efforts across both product development and go-to-market to enable thousands more to make the journey to cloud-native as seamless as possible.”
In conjunction with the funding, SignalFx announced the appointment of Dr. Stephen Herrod, general partner at General Catalyst and former CTO of VMware, to the Company’s board of directors. He joins Ben Horowitz, general partner at Andreessen Horowitz, Devdutt Yellurkar, general partner at Charles River Ventures, and SignalFx co-founders Phil Liu, and co-founder/CEO Karthik Rau.
Prior to its current funding, SignalFx raised $58.5 million in its Series A, B and C rounds from Andreessen Horowitz and Charles River Ventures.
The Latest
In the heat of the holiday online shopping rush, retailers face persistent challenges such as increased web traffic or cyber threats that can lead to high-impact outages. With profit margins under high pressure, retailers are prioritizing strategic investments to help drive business value while improving the customer experience ...
In a fast-paced industry where customer service is a priority, the opportunity to use AI to personalize products and services, revolutionize delivery channels, and effectively manage peaks in demand such as Black Friday and Cyber Monday are vast. By leveraging AI to streamline demand forecasting, optimize inventory, personalize customer interactions, and adjust pricing, retailers can have a better handle on these stress points, and deliver a seamless digital experience ...
Broad proliferation of cloud infrastructure combined with continued support for remote workers is driving increased complexity and visibility challenges for network operations teams, according to new research conducted by Dimensional Research and sponsored by Broadcom ...
New research from ServiceNow and ThoughtLab reveals that less than 30% of banks feel their transformation efforts are meeting evolving customer digital needs. Additionally, 52% say they must revamp their strategy to counter competition from outside the sector. Adapting to these challenges isn't just about staying competitive — it's about staying in business ...
Leaders in the financial services sector are bullish on AI, with 95% of business and IT decision makers saying that AI is a top C-Suite priority, and 96% of respondents believing it provides their business a competitive advantage, according to Riverbed's Global AI and Digital Experience Survey ...
SLOs have long been a staple for DevOps teams to monitor the health of their applications and infrastructure ... Now, as digital trends have shifted, more and more teams are looking to adapt this model for the mobile environment. This, however, is not without its challenges ...
Modernizing IT infrastructure has become essential for organizations striving to remain competitive. This modernization extends beyond merely upgrading hardware or software; it involves strategically leveraging new technologies like AI and cloud computing to enhance operational efficiency, increase data accessibility, and improve the end-user experience ...
AI sure grew fast in popularity, but are AI apps any good? ... If companies are going to keep integrating AI applications into their tech stack at the rate they are, then they need to be aware of AI's limitations. More importantly, they need to evolve their testing regiment ...
If you were lucky, you found out about the massive CrowdStrike/Microsoft outage last July by reading about it over coffee. Those less fortunate were awoken hours earlier by frantic calls from work ... Whether you were directly affected or not, there's an important lesson: all organizations should be conducting in-depth reviews of testing and change management ...
In MEAN TIME TO INSIGHT Episode 11, Shamus McGillicuddy, VP of Research, Network Infrastructure and Operations, at EMA discusses Secure Access Service Edge (SASE) ...
