The venture capital community continues making big bets in the infrastructure monitoring segment.

SignalFx Inc., a startup helping enterprises keep an eye on the health of their technology systems, today announced that it has closed a $75 million funding round. The investment was led by Tiger Global Management with participation from existing investors. It comes just two weeks after Logz.io Inc., another monitoring provider, picked up $52 million in fresh financing. 

SignalFx’s namesake cloud service pulls in data from a company’s infrastructure and applications to look for potential technical issues. It processes the information using a stream analytics engine that performs computations in near-real-time. The result, according to the startup, is that problems are flagged within just a few seconds of appearing.

Detecting problems such as performance bottlenecks quickly is challenging because of the massive volumes of system data involved. Legacy monitoring tools save time by only processing a sample of the information, which speeds up analysis but can hurt accuracy. SignalFx takes a more comprehensive approach that it says provides a better balance between performance and visibility.

“We look at every single transaction and with some of the interesting tech we’ve built, we’re able to pick out the interesting things,” Leonid Igolnik (pictured, left) SignalFx’s executive vice president of engineering, said in a recent interview on SiliconANGLE Media’s theCUBE video studio.

Igolnik was joined by SignalFx co-founder and Chief Executive Karthik Rau (right), who dived into the startup’s product strategy. He said the startup has worked to optimize the service for enterprises adopting software containers, which are even trickier to monitor than traditional infrastructure. 

“They have new initiatives that are running in Kubernetes or container-based architectures, and that is a fundamentally different world,” Rau said. “[The way] you observe, monitor and deploy the entire supply chain of how you manage these systems is different. So they they have to look at different solutions and we’re one of the key players helping them there.”

SignalFx has hundreds of customers including Yelp Inc., Square Inc. and other prominent tech firms as well as more traditional organizations such as NBCUniversal. The startup said it has nearly tripled revenues in the past year.

SignalFx will use the capital to continue building out its feature set, among others by adding integrations with more external tools, and intends to expand international operations in parallel. 

Photo: SiliconANGLE