New Relic acquires SignifAI to advance AIOps strategy

Provider of real-time insights for software-driven businesses, New Relic, has announced it’s acquisition of SignifAI, an event intelligence company specialising in artificial intelligence (AI) and machine learning (ML).

SignifAI provides a event intelligence platform that empowers DevOps teams to reduce the amount of time spent spotting issues and identifying root causes.

New Relic intends to bring SignifAI’s technology to market, offering software teams advanced technology to predict and address performance issues, so they can deliver exceptional customer experiences. SignifAI’s open data platform integrates with modern DevOps solutions to provide insight to software teams so they can detect issues early, reduce alert noise, and deliver reliable software at scale.

The terms of the deal 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.”

Guy Fighel, who served as CTO and co-founder of SignifAI, said: “We started SignifAI to help DevOps teams see and make sense of their operational data, from alerts to change events, regardless of source.

“The team at New Relic shares our vision for bringing machine intelligence capabilities to businesses building and operating modern software and we are thrilled to join forces to accelerate and execute on our joint vision for customers.”