Thursday, October 1, 2020

Signal Sciences Acquisition By Fastly, Worth $775M, Completes

The acquisition of Venice, California-based Signal Sciences--worth $775M--by Fastly, has officially completed, Fastly said on Thursday. According to Fastly, is will combine its edge cloud platform and existing security offerings with Signal Sciences' web application and API security solutions. Fastly announced the acquisition of Signal Sciences in August. Signal Sciences had raised around $66M in total funding from such investors as Lead Edge Capital, CRV, Index Ventures, Harrison Metal, and OATV. Signal Sciences was advised by Qatalyst Partners in the deal, along with Goodwin Procter LLP; Fastly was advised by Morgan Stanley & Co. LLC, Union Square Advisors, as well as Cooley LLP.