Apica, a data management and active observability startup situated in Stockholm, Sweden, has raised funding.
Leo Capital, Industrifonden, Oxx, SEB Foundation, and other current investors joined the round lead by Riverside Acceleration Capital (RAC).
Additionally, Apica purchased Circonus, a provider of analytics and monitoring software tailored for businesses handling substantial telemetry data sets.
Under the direction of CEO Mathias Thomsen, Apica offers businesses the Ascent platform, which combines advanced data management, automated root cause analysis, and active observability to identify and fix complicated digital performance problems in a timely manner.
The company helps minimize, avoid, and resolve outages and lost income by providing a unified view of information for the complete technological stack.
Apica is going to incorporate the Passport and IRONdb solutions from Circonus into the Ascent Platform.
