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Announced

Completed

New Relic acquired SignifAI.

Financials

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Capital Bid For100%
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Acquisition

Private Equity

software development

Private

Completed

United States

Software

Synopsis

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Acquisition by New Relic, an American software analytics company based in San Francisco, of SignifAI, a developer of an artificial intelligence incident management software. Financial terms were not disclosed. “To deliver reliable software at scale, DevOps teams need to leverage machine learning to help them predict and detect issues early and reduce alert fatigue,” said Lew Cirne, CEO and founder. “What’s really exciting about SignifAI’s open platform is that it sits above a customer’s existing set of monitoring tools. With more than 60 integrations ranging from open source and commercial monitoring tools to popular services found in many DevOps toolchains, SignifAI automates correlation and enriches incident context so that software teams can get answers quickly during incidents and ultimately reduce mean time to resolution. This technology aligns with our current platform offering and we believe it provides us a unique advantage to solve an important problem for our customers.”

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