SignalFX Emerges From Stealth Replete With New $20M Funding
Summary
Thats the situation today for SignalFX a cloud based monitoring platform that looks set to take on recently listed NewRelic as well as smaller vendors Ruxit, DataDog and ScienceLogic. Organizations can submit any metric data at any scale into the SignalFX platform, allowing product teams to model and correlate key application and business metrics against underlying infrastructure behavior to answer questions about operations. Wes Jossey, head of operations at TapJoy and well respected as a no-nonsense operator, had this to say about SignalFX: In terms of the funding, the company is announcing a $20 million Series B funding round led by Charles River Ventures with participation from existing investor Andreessen Horowitz, bringing the company’s total financing to $28.5 million. Joining the board of SignalFX is Devdutt Yellurkar, General Partner at Charles River Ventures. While NewRelic gets the lions share of the attention in this space, it is a massive opportunity - SignalFX looks well positioned to capture some of that pie.
