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 ÂÜÀòÊÓÆµ 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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