NYSE-Listed New Relic Acquires Machine Learning Startup SignifAI
SignifAI develops machine learning applications for troubleshooting and predicting issues in DevOps and cloud-based software
11:5407.02.19
NYSE-listed software analytics company New Relic Inc. has acquired Tel Aviv and Sunnyvale, California-based machine learning startup SignifAI Inc., New Relic announced Wednesday. The financial terms of the deal were not disclosed.
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Through the acquisition, New Relic will establish a research and development center in Tel Aviv, Guy Fighel, one of SignifAI’s co-founders said in a phone interview with Calcalist Thursday. The company intends to hire more people in Israel, according to Fighel, who will head New Relic’s artificial intelligence operation.
Tel Aviv. Photo: PR
Founded in 2016, SignifAI develops machine learning applications for troubleshooting and predicting issues in DevOps and cloud-based software. The company employs 20 people and has raised around $9 million to date.
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This article has been corrected. A previous version incorrectly stated New Relic is listed on Nasdaq.