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
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.
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.
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.
This article has been corrected. A previous version incorrectly stated New Relic is listed on Nasdaq.