Thursday, August 27, 2020

Signal Sciences Acquired For $775M

Los Angeles-based Signal Sciences, a developer of web application security software, has been acquired for $775M by San Francisco-based Fastly, Fastly annoucned this morning. According to Fastly, the cash and stock deal will expand its security portfolio, and form the basis of a new, upcoming security offering called Secure@Edge. Fastly said that new produt will provide a web application and API protection solution. Signal Sciences is led by co-founder and CEO Andrew Peterson. Signal Sciences was venture backed by Lead Edge Capital, CRV, INdex Ventures, Harrison Metal, and OATV; the company had raised around a total of $60M, last raising a Series C funding worth $35M in February of 2019.