Circonus raised a $10 million Series B led by Baird Capital to scale the fast-growing Malvern, Pennsylvania, data technology startup.
Chicago-based Baird Capital, the venture capital and private equity arm of Milwaukee-based Robert W. Baird & Co., joins a group of existing investors — NewSpring Capital, Osage Venture Partners, and Bull City Venture Partners — that participated in the funding round. Baird has recently invested in companies like Chicago life sciences marketing firm Vodori and virtual event platform Forj.
Circonus CEO Bob Moul said the meeting with Baird earlier this year had “instant chemistry,” as Joanna Arras, a partner at Baird, immediately understood what Circonus did and the market opportunity. Arras will join Circonus’ board of directors.