Circonus, Inc., a Fulton, Md.-based developer of a real-time monitoring and analytics platform, raised their first round of venture capital financing of undisclosed amount.
NewSpring Capital made the investment via its growth and expansion fund, NewSpring Growth Capital.
The company intends to use the funds to continue to expand operations and roll out new features.
Led by founder and CEO Theo Schlossnagle and Chief Data Scientist Heinrich Hartmann, Circonus provides a microservices monitoring and analytics platform built for on premises or SaaS deployment. Developed for the requirements of DevOps, the platform delivers percentile-based alerts, graphs, dashboards, and machine-learning intelligence that enable users to optimize their business decisions.