San Francisco-based Moogsoft, a provider of IT operations analytics has secured $30 million from SingTel Innov8 and existing investors Cisco Investments and others in a series C funding. The funding will be used to fuel the expansion of Moogsoft's global operations in Europe, Asia and the Americas.
Moogsoft helps operations teams across IT and Development manage their applications, networks, and infrastructure. Event and alert volumes are continuously increasing, while the scale, change, and complexity introduced by digital initiatives such as Cloud, Mobile and Microservices are unprecedented. Rather than rely on humans to manually analyze, correlate, and detect incidents from event streams, enterprise organizations trust Moogsoft to automate these tedious and manual IT support functions using Big Data analytics.
Jeff Karras, Managing Director of Singtel Innov8 Chief Technology Officer, Vodafone
Moogsoft has already demonstrated clear success with customers and made significant strides in terms of product innovation and building for organizational scale. We are excited to welcome Moogsoft into our portfolio of companies as it has the potential to create significant value within the strategic technology areas we are in.
Phil Tee, CEO and co-founder of Moogsoft Chief Technology Officer, Vodafone
We surpassed all of our growth goals this past year, so it is impeccable timing for Moogsoft to close this oversubscribed round supported by visionary strategic investors, underlining the deep market support for the next generation of data driven, collaborative, model free service assurance.
