Apica Acquires Logiq.AI; Raises $10M in Funding

The round saw participation from existing investors Industrifonden, SEB Foundation, and Oxx. With the acquisition and the new financing, the company plans to continue advancing and delivering observability innovations and develop new capabilities for enterprise customers in the coming months. Led by CEO Mathias Thomsen, Apica provides a platform that delivers active observability, automated root cause analysis, and advanced data management to find and resolve complex digital performance issues before they negatively impact the bottom With the acquisition of Logiq.AI and the funding announced today, Apica will deliver active observability, automated root cause analysis, and advanced data management to bridge real-world gaps in analysis. The Apica Ascent platform with LOGIQ.AI gives users complete data pipeline control, a unified view of all information, and high-quality storage. The platform acts as an indexing tool that aggregates data such as logs, traces, network packets, etc.