Circonus, provider of a machine data intelligence platform, is receiving $6.8 million in a Series A1 investment to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries.
"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."
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. Earlier in 2019, Circonus also brought on serial technology entrepreneur Bob Moul as CEO to lead the company in raising capital, growing the team, and expanding its market share.
Moul previously served as the CEO of Cloudamize, a cloud software company, which was acquired by Blackstone/Cloudreach in July 2017, and was President and CEO of Boomi, a cloud-based integration software company, which was 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.
Joining Osage Venture Partners and NewSpring Capital is Bull City Venture Partners based in Durham, North Carolina and Ben Franklin Technology Partners of Southeastern Pennsylvania.
For more information about this news, visit www.circonus.com.