Moogsoft raises $30M in Series C

What does Moogsoft do?
Moogsoft, is a leading provider of real time IT operations analytics software. The company offers service assurance solutions for service delivery and cloud infrastructures. The company’s flagship product, Incident. MOGG, is a next gen manager of managers, which provides an incident early warning and collaborative remediation for development operations and IT operations teams. The company’s machine learning approach contextualizes alerts into single situations for lowering the actionable events which need to be handled, increasing incident resolution, reducing costs and improving service quality. The company’s innovative tech and approaches help in addressing the challenges of managing the IT infrastructure.
How much Moogsoft was funded?
The company raised $31.63M in Series C on June 3, 2016 from HCL Technologies, Wing Venture Capital, Singapore Technologies Telemedia, Cisco Investments, Redpoint SingTel Innov8 and Northgate Capital.
Previous funding
$7M in Series A on May 29, 2013 from Redpoint
$14.3M in Series B on October 21, 2014 from Wing Venture Capital, Cisco Investments and Redpoint
What is next for Moogsoft?
The company’s latest funding comes as it has surpassed its growth goals for its recent fiscal year. The company plans on using the latest funding raised for fueling the expansion of its worldwide operations in Asia, North and South America and Europe. The company is looking forward to accelerate its international growth.
More about Moogsoft
Moogsoft was founded in 2011 by Phil Tee. It has its headquarters in San Francisco, California. The company has a differentiated machine learning approach to automate and simplify the IT operations, which is a unique solution for increasingly complex incident management processes. This company stands at the forefront of a generational shift in the way modern IT and DevOps teams manage their applications, infrastructure and networks. Organizations rely on this company for automating their manual IT support functions using Big Data Analytics.