Circonus Announces Series A Investment Round with NewSpring
New Financing Accelerates Growth of Analytics and Monitoring Platform as Company Expands
FULTON, Md., March 7, 2016 /PRNewswire/ -- Circonus, Inc., creators of the Circonus real-time monitoring and analytics platform, today announced their first round of venture capital financing with NewSpring Capital, via the Firm's dedicated growth and expansion fund, NewSpring Growth Capital.
Seeking investors represents accelerated growth for Circonus, which had been entirely self/customer-funded since its inception in 2010. This influx of capital coincides with rapid expansion from Circonus, with recent hirings doubling its development and support departments. It built an expert team with combined decades of technical experience.
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As it expands, the company continues to innovate, regularly rolling out features that broaden its flexible collection, visualization, and alerting tools, leveraging sophisticated statistical analysis. Chief Data Scientist, Heinrich Hartmann, recently introduced advanced analytics functionality using histograms for capacity planning, service-level monitoring, and anomaly detection. His team then enhanced the flexibility of these features, developing a custom query language. Additional capabilities are scheduled for the coming months.
Circonus founder and CEO, Theo Schlossnagle, is a respected industry thought-leader and frequent speaker at worldwide IT conferences.
"Empowering developers to make decisions through data is our focus. Circonus is the platform which supports dynamic and rapidly changing technology strategies while enabling engineers to easily ask the hard questions. They trust us as the only company to deliver this economically at scale."
Customers rely on Circonus to reduce time and effort resolving issues that impact service delivery to their own customers. Industry trends, microservices and DevOps-centric continuous delivery environments, changed user expectations. "Slow" is the new "down," and ensuring quality online experience is critical to a company's reputation. Superior analytics and monitoring tools, such as Circonus, are increasingly necessary to meet users' expectations of service quality.
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Circonus is a microservices monitoring and analytics platform built for on premises or SaaS deployment. Its fully automatable API-Centric platform is more scalable and reliable than systems it monitors. Developed for the requirements of DevOps, Circonus delivers percentile-based alerts, graphs, dashboards, and machine-learning intelligence that enable business optimization. If you're not using Circonus, your results are average.
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