Circonus, a provider of machine data intelligence platform built to handle the volume and frequency of data seen in today’s global IT infrastructure and IoT deployments, raised $6.8 million in a Series A1 funding round to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries.
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.
In 2019, Circonus brought on serial technology entrepreneur Bob Moul as CEO to raise capital, grow the team, and expand its market share. Bob Moul previously served as the CEO of Cloudamize, a cloud software company acquired by Blackstone/Cloudreach in July 2017, and was President and CEO of Boomi, a cloud-based integration software company acquired by Dell in November 2010.
Theo Schlossnagle, who founded and has led Circonus since 2010, will serve as the company’s chief technology officer.
According to the company, its machine data intelligence platform can handle billions of metric streams in real-time to drive unprecedented business insight and value. Led by experts in large-scale distributed systems and data science, Circonus is pioneering how machine data at scale is leveraged throughout the enterprise, from operational analytics to IoT applications.
“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,” said Moul. “I’m looking forward to leading Circonus into its next chapter as we continue to grow and expand into new markets.”