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Swedish application monitoring startup Apica AB said today it’s acquiring one of its rivals, the U.S. observability data fabric company called Logiq.ai LLC, for an undisclosed price.
Alongside the acquisition, Apica said it has closed on a $10 million funding round led by existing investors Industrifonden, SEB Foundation and Oxx. The round brings Apica’s total amount raised to $46 million.
