We’re extremely pleased to announce today that Circonus has raised a $6.8 million Series A1 investment, which will help us continue advancing our machine data intelligence platform and accelerate our sales and marketing efforts.
The round was led by Osage Venture Partners and included new investors Bull City Venture Partners and Ben Franklin Technology Partners. NewSpring, which led the Series A investment, also invested in the round.
As more of our world becomes digitized and virtualized, machines and the data that we are able to gather from them have become not just instrumental, but indispensable. I’m honored to have the continued support of NewSpring, and am excited to have the additional backing and leadership from Osage Venture Partners.
“We are excited to partner with the leadership team at Circonus, particularly given Bob’s and Theo’s track records of success, and are impressed with the technology they’ve built,” said David Drahms, Partner, Osage Venture Partners. “No other solution can handle the massive scale of data that businesses are dealing with today at the frequency, speed and accuracy that is required for mission-critical IoT and monitoring systems. The timing is right.”
“We’re proud to continue our support of Circonus and are excited about its future growth with Bob at the helm,” said Brian Kim, NewSpring Partner. “The need for machine data intelligence is only going to grow as enterprises seek out the competitive advantages that data at scale can provide.”
See the full press release announcing the investment here.