Open-source s'ware platform SigNoz raises $5.4 M led by SignalFire

SigNoz, a Bengaluru-based open-source "observability" platform, has raised USD 5.4 million in a round led by SignalFire, with participation from Uncorrelated Ventures, Alumni Ventures, Jiten Vaidya (ex-CEO, Platetscale), Tom Preston Werner (co-founder, Github), Paul Copplestone (co-founder, Supabase). SigNoz had previously raised USD 1.1 million. Co-founded in September 2020 by Pranay Prateek and Ankit Nayan, the platform can monitor metrics, traces, and logs for applications and infrastructure, facilitating faster issue resolution. The company is also planning to launch a cloud service.