{"id":52047,"date":"2023-08-16T13:57:24","date_gmt":"2023-08-16T17:57:24","guid":{"rendered":"https:\/\/sdtimes.com\/?p=52047"},"modified":"2023-08-16T13:57:25","modified_gmt":"2023-08-16T17:57:25","slug":"apica-acquires-data-fabric-innovator-logiq-ai-and-raises-10m-in-new-funding-to-modernize-data-management","status":"publish","type":"post","link":"https:\/\/sdtimes.com\/apica\/apica-acquires-data-fabric-innovator-logiq-ai-and-raises-10m-in-new-funding-to-modernize-data-management\/","title":{"rendered":"Apica Acquires Data Fabric Innovator LOGIQ.AI and Raises $10M in New Funding to Modernize Data Management"},"content":{"rendered":"

STOCKHOLM and EL SEGUNDO, Calif. – Aug. 16, 2023 –\u00a0<\/b>Apica, the leader in synthetic monitoring and observability, today announced its agreement to acquire observability data fabric start-up\u00a0LOGIQ.AI<\/a>. Apica also announced it has raised $10M in funding from existing investors\u00a0Industrifonden<\/a>, SEB Foundation, and\u00a0Oxx<\/a>. With the acquisition and the new financing, Apica plans to continue delivering affordable and flexible observability innovations and develop new capabilities in the coming months for enterprise customers.Today, IT teams must balance the need for standardization and cost reduction with the difficult task of consolidating monitoring tools, services, and network cost centers. With the acquisition of\u00a0LOGIQ.AI<\/a>\u00a0and the funding announced today, Apica will deliver active observability, automated root cause analysis, and advanced data management to bridge real-world gaps in analysis.\u201cWe are determined to address the need for low-cost infinite storage and observability to support businesses with relevant, actionable data,\u201d said Mathias Thomsen, CEO, Apica. \u201cWith the acquisition of\u00a0LOGIQ.AI<\/a>\u00a0and the additional funding, we will deliver ‘Active Observability’ that combines observability and synthetic monitoring into a proactive platform to plug data gaps and put business data in context.\u201d”Joining Apica with LOGIQ\u2019s data fabric platform creates an innovative and intelligent approach to data management,\u201d said Ranjan Parthasarathy, CEO of LOGIQ. \u201cTogether, we are empowering businesses to thrive where data-driven insights meet flawless performance, shaping the future of our customers’ digital success.”<\/p>\n

Active Observability with Synthetics and User Control<\/b>
\nThe Apica Ascent platform with\u00a0LOGIQ.AI<\/a>\u00a0gives users complete data pipeline control, a unified view of all information, and infinite high-quality storage at the lowest cost on the market. The platform acts as a superior indexing tool that aggregates data such as logs, traces, network packets, etc. from multiple sources and improves data quality by trimming off excess data and performing enrichments. The data can be shifted from the platform to a lake environment \u2013 either Apica\u2019s or another data lake. The result is a unified view of all data for faster root cause analysis while slashing costs and eliminating vendor lock.\u201cWe are offering active observability on your terms,\u201d said Jason Haworth, CPO, Apica. \u201cWe can give you observability at a low cost that scales to exabytes and gives you your data in context when and how you need it. We’re also stacking all this functionality into our data lakes and indexers while embracing open standards such as OpenTelemetry. This allows us to be application, device, service, and vendor agnostic. Having these pieces in place lets us be that decoder ring that other vendors in the space just can’t do.\u201dThe\u00a0LOGIQ.AI<\/a>\u00a0capabilities will be added to the Apica Ascent platform and deployed to current customers in Q3 of this year.<\/p>\n

Connect with Apica<\/b>
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LinkedIn<\/a><\/p>\n

 <\/p>\n

About Apica<\/b>
\nApica keeps enterprises operating. The Ascent platform delivers active observability, automated root cause analysis, and advanced data management to quickly find and resolve complex digital performance issues before they negatively impact the bottom line. Today, business operations depend on understanding the health of multi-cloud, hybrid, and on-premises environments to keep business-critical applications and systems online while providing an optimal user experience. Apica delivers a unified view of all information for the entire technology stack helping reduce, prevent and resolve outages and lost revenue. For more information, visit\u00a0www.apica.io<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

STOCKHOLM and EL SEGUNDO, Calif. – Aug. 16, 2023 –\u00a0Apica, the leader in synthetic monitoring and observability, today announced its agreement to acquire observability data fabric start-up\u00a0LOGIQ.AI. Apica also announced it has raised $10M in funding from existing investors\u00a0Industrifonden, SEB Foundation, and\u00a0Oxx. With the acquisition and the new financing, Apica plans to continue delivering affordable … continue reading<\/a><\/p>\n","protected":false},"author":540,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"cybocfi_hide_featured_image":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[834],"tags":[11459,2850,16698,15144],"coauthors":[11463],"acf":[],"yoast_head":"\nApica Acquires Data Fabric Innovator LOGIQ.AI and Raises $10M in New Funding to Modernize Data Management - SD Times<\/title>\n<meta name=\"description\" content=\"Integration into the Apica Ascent Platform will deliver active observability to help alleviate data challenges for IT, DevOps, and monitoring teams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sdtimes.com\/apica\/apica-acquires-data-fabric-innovator-logiq-ai-and-raises-10m-in-new-funding-to-modernize-data-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apica Acquires Data Fabric Innovator LOGIQ.AI and Raises $10M in New Funding to Modernize Data Management - 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