LOGIQ.AI

Logiq. AI, based in the US, specializes in observability solutions designed to optimize IT operations and enhance digital performance for enterprises through intelligent data management and real-time monitoring. Logiq. AI, founded in 2019, focuses on providing observability solutions for IT operations.

The company is headquartered in San Jose, US. Co-founders Abhijit Khinvasara, Chris Jahnke, Ranjan Parthasarathy, and Tito G. have backgrounds in technology and business. The latest funding round, Seed, raised USD 0.

750 mn led by Leo Capital, contributing to a total amount raised of USD 0. 750 mn and a current company valuation of USD 8. 392 mn. The company has completed 3 deals with the most recent deal occurring on August 16, 2023.

Logiq. AI offers a comprehensive suite of observability solutions that optimize IT operations and enhance digital performance for enterprises. The core product, the Apica Ascent platform, features intelligent data management, enabling businesses to monitor and manage their entire technology stack, including applications, APIs, and infrastructure. The platform incorporates advanced tools like automatic anomaly detection and real-time monitoring, addressing various performance optimization and compliance needs across sectors such as banking, healthcare, government, and retail.

Logiq. AI's revenue model is based on subscription services, allowing clients to access its observability platform continuously. Customers typically enter into agreements for multiple tiers of service, incorporating features such as advanced analytics capabilities. The transactions are conducted on a B2B basis, where enterprises pay for licenses tailored to their IT operations' scale and complexity.

Key products, particularly the Apica Ascent platform, form the foundation of these agreements, providing essential insights for maintaining performance across digital assets. In August 2023, Apica AB acquired Logiq. AI to enhance its capabilities in observability and automated root cause analysis. This acquisition aims to address analysis gaps present in real-world scenarios, facilitating the development of new products designed for better data management.

Logiq. AI plans to utilize its recent funding to expand its reach into additional markets and enhance its product offerings, ensuring that clients can leverage cutting-edge solutions for their IT operations.