Apica Raises Funding; Acquires Circonus


Apica, a Stockholm, Sweden-based company which specializes in data management and active observability, raised an undisclosed amount in funding.

The round was led by Riverside Acceleration Capital (RAC), with participation from existing investors Industrifonden, SEB Foundation, Oxx, and Leo Capital.

Apica also acquired Circonus, which specializes in monitoring and analytics solutions specifically designed for organizations with large amounts of telemetry data.

Led by CEO Mathias Thomsen, Apica provides enterprises with the Ascent platform, which delivers active observability, automated root cause analysis, and advanced data management to quickly find and resolve complex digital performance issues. The company offers a unified view of information for the entire technology stack helping reduce, prevent and resolve outages and lost revenue.

Apica will integrate Circonus’ IRONdb and Passport products into the Ascent Platform.