Circonus, a Philadelphia, PA-based provider of a machine data intelligence platform built to handle data in IT infrastructure and IoT deployments, raised $6.8m in Series A1 funding.
The round was led by Osage Venture Partners with participation from new investors Bull City Venture Partners, Ben Franklin Technology Partners, and NewSpring Capital.
The company intends to use the funds to continue expand adoption of its machine data intelligence platform across multiple industries.
Led by CEO Bob Moul and CTO and founder Theo Schlossnagle, Circonus provides an intelligence platform capable of handling billions of metric streams in real time and enable enterprises to collect, store and analyze all of their machine data.
Built on the proprietary time-series database, the platform is designed to meet the requirements of the most demanding use cases in consumer and Industrial Internet of Things (IoT and IIoT), as well as operational analytics and infrastructure monitoring across a number of vertical markets.
Key features of the platform include:
– Industry-leading ingestion rates
– Unlimited scale and volume
– Millisecond frequency
– Accurate, real-time analytics
– Ability to work with any technology
– Unlimited retention and data access