# Circonus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/circonus

- Industry: Software
- Headquarters: Malvern, US
- Website: www.circonus.com
- Total disclosed funding: $17M
- Latest round: Series B (Nov 16, 2021)
- Investors on record: 5

## About

Founded in 2010 and based in Pennsylvania, US, Circonus, Inc. operates as a provider of a machine learning-based real-time analytics platform that enables users to collect, store, and manage infrastructure data. With its headquarters in Stockholm, Sweden, Apica has expanded its reach globally, establishing a significant presence in various regions like North America and Europe. In February 2024, Apica AB, a portfolio company of KTH Chalmers Capital, ALMI Invest, Industrifonden, SEB Venture Capital, Oxx, Leo Capital, and Riverside Acceleration Capital, acquired Circonus, Inc. from Baird Capital Partners, Osage Venture Partners, Bull City Venture Partners, Ben Franklin Technology Partners, and NewSpring Capital.

Apica's flagship product, Apica Ascent, is an observability and data platform designed to offer businesses real-time insights into their digital operations. This platform integrates advanced monitoring tools, data storage solutions, and AI-driven analytics to help organizations enhance performance, security, and scalability. With features like Active Observability, Synthetic Monitoring, and Pipeline Control, organizations can manage IT infrastructure and optimize the digital experiences.

Apica's revenue stream primarily comprises sales of its software products and services to a diverse array of clients across industries such as finance, healthcare, manufacturing, and retail. The company offers subscription-based models, consulting services, and customized solutions tailored to meet the specific needs of its clientele. Revenue is generated through licensing fees, maintenance contracts, and professional services. 

The acquisition in 2024 allows Apica AB to bolster its offerings to its customers by integrating Circonus' IRONdb and Passport products into its platform.

## Funding rounds

- Series B, Nov 16, 2021, $10M — Baird Capital Partners, Bull City Venture Partners, NewSpring, Osage Venture Partners
- Series A, Dec 20, 2019, $6.8M — Bull City Venture Partners, Ben Franklin Technology Partners, NewSpring, Osage Venture Partners
- Series A, Mar 7, 2016 — NewSpring

## Investors

- NewSpring (https://capitalatlas.ai/funds/newspring) — Series A, Series B
- Bull City Venture Partners (https://capitalatlas.ai/funds/bull-city-venture-partners) — Series A, Series B
- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Series A
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Series A, Series B
- Baird Capital Partners (https://capitalatlas.ai/funds/baird-capital-partners) — Series B