Publicly traded operational intelligence software company announced yesterday it has , a San Mateo-based SaaS cloud monitoring startup, for $1.05 billion.
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The deal comes just two months after SignalFx raised a $75 million that was led by and included participation from , and . According to the , the acquisition price is “double what the startup was valued at by private investors when it raised funds in June.” At the time of its last raise, SignalFX said in its annual revenues had “increased by a compound annual growth rate of 170 percent since sales began in 2015.” It also noted that its headcount was “270 and growing.”
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’s $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’s fourth venture-backed startup acquisition in the last two years, according to Crunchbase 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 “help customers deliver cost savings, increased revenue and an improved customer experience.”
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