Yes, this is possible (we have moved data both in and out of Splunk Cloud before) but you will need to engage professional services to do this as with Splunk Cloud you have no access to copy the data onto the indexers yourself.
In our case the data was copied to an S3 bucket which you make accessible to your Splunk Cloud environment, then pro-services will work with cloud ops to copy the data to the indexers to complete the migration.
The biggest thing you will need to plan for is how much data you have to transfer to S3, if it's a relatively small amount and you have fast upload speeds, you may be able to upload direct, if you have a lot of data and/or insufficient bandwidth to copy the data in a reasonable time, an Amazon Snowball may be a viable choice.
... View more