Apica, a Stockholm, Sweden-based data management and active observability, has secured new funding. The company also acquired telemetry data company Circonus.
SaaS Investors
The round was led by Riverside Acceleration Capital (RAC), with additional funding from existing investors.
RAC provides growth equity, growth royalty loans, advice, and operating resources, specifically designed to help B2B software companies navigate the transition from their early phase to their rapid acceleration stage. Its flexible capital, combined with the operating resources of its Growth Advisory Program.
Apica Use of Funds
With this latest acquisition and new financing, the company will continue providing a modern approach to observability data management for enterprise organizations.
About Apica
Apica is a company that provides active data observability and monitoring solutions for your enterprise. The Ascent platform delivers active observability, automated root cause analysis, and advanced data management to quickly find and resolve complex digital performance issues before they negatively impact the bottom line. Apica delivers a unified view of all information for the entire technology stack helping reduce, prevent, and resolve outages and lost revenue. The company was founded in 2005 and is based in Stockholm, Sweden, with offices in Bangalore, New York, London, and Santa Monica.
Funding Details
Company: Apica
Raised: Undisclosed
Round: Unknown
Funding Month: February 2024
Lead Investors: Riverside Acceleration Capital (RAC)
Additional Investors:
Company Website: https://www.apica.io/
Software Category: Data Observability and Monitoring Solutions
Source: https://www.apica.io/news/apica-acquires-telemetry-data-management-pioneer-circonus-and-lands-new-funding/