Apica AB, a Swedish application monitoring and observability startup, has acquired Circonus Inc., a telemetry data company, with undisclosed financial details. The acquisition coincided with a new funding round led by Riverside Acceleration Capital and other investors.

Circonus specializes in data observability tools for monitoring and analyzing telemetry data, with products like IRONdb and Passport being integrated into Apica's platform for enhanced active observability.

Apica's acquisition of Circonus is intended to solidify its position as a leader in data management and observability, aligning with its goal of providing customers with a unified view of their technology stack for improved insights and monitoring capabilities.

Analyst QuickTake: This is Apica’s second acquisition in six months. In August 2023, it acquired Logiq.ai, a cloud-native enterprise data observability and analysis platform. Before the acquisition, Circonus had secured USD 16.8 million and had a roster of enterprise clients spanning various industries, such as HBO, Major League Baseball, Webex, Xandr, and Backtrace.