Total amount raised
$112.9 Millions
Latest funding date
05/01/2021
Location
Moogsoft has successfully raised funds through multiple rounds, with its most recent funding round being a Venture - Series Unknown on May 5, 2021. The company has attracted investments from nine investors, including Wing Venture Capital and HCLTech.
Moogsoft's integration into Dell APEX AIOps offerings marks a significant milestone in its growth journey. Keep reading to explore the intricacies of Moogsoft's fundraising journey and the investors backing this innovative platform.
What Is Moogsoft?
Moogsoft, founded in 2012 by Phil Tee, is a leading provider of AIOps solutions. The company is headquartered in San Francisco, California, and employs between 101 and 250 people. Moogsoft operates in various industries, including analytics, enterprise software, IT infrastructure, IT management, and machine learning.
Moogsoft's AIOps platform leverages patented AI technology to analyze billions of events daily, helping IT teams work more efficiently. The platform supports continuous availability, digital experience optimization, and operational agility. Recently, Moogsoft was integrated into Dell APEX AIOps offerings and was acquired by Dell Technologies in 2023.
How Much Funding Has Moogsoft Raised?
- Series A
- Amount Raised: $7M
- Date: May 2013
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop the initial version of their AIOps platform.
- Series B
- Amount Raised: $14.3M
- Date: October 2014
- Lead Investors: Wing Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series C
- Amount Raised: $31.6M
- Date: June 2016
- Lead Investors: Northgate Capital, ST Telemedia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the AIOps platform with new features.
- Series D
- Amount Raised: $40M
- Date: March 2018
- Lead Investors: GS Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale sales and marketing efforts and invest in R&D for new product development.
- Venture Round
- Amount Raised: $20M
- Date: May 2021
- Lead Investors: Wing Venture Capital, HCLTech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and expand market reach.
Total Amount Raised: $112.9M. Current Valuation: Not publicly disclosed.
Key Investors
- GS Growth
- Details: GS Growth is a division of Goldman Sachs that focuses on growth equity investments. They have a history of investing in high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Uber, Spotify, Dropbox
- Northgate Capital
- Details: Northgate Capital is a venture capital and private equity firm. They invest in companies at various stages of growth, from early-stage startups to more mature businesses.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Twitter, Uber, Spotify
- ST Telemedia
- Details: ST Telemedia is a strategic investor in communications, media, and technology businesses. They focus on companies that can leverage their expertise and network.
- Investment Focus Areas: Communications, media, technology
- Notable Investments: GDS Holdings, VIRTUS Data Centres, Tata Communications
- Wing Venture Capital
- Details: Wing Venture Capital is an early-stage venture capital firm. They specialize in investing in technology companies that are developing innovative enterprise solutions.
- Investment Focus Areas: Enterprise software, cloud computing, data analytics
- Notable Investments: Snowflake, Cohesity, Gong.io
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in early and growth-stage technology companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Consumer software, enterprise software, digital media
- Notable Investments: Netflix, Stripe, Twilio
What's Next for Moogsoft?
Moogsoft stands at the cusp of significant growth opportunities, driven by the increasing adoption of artificial intelligence in IT operations. With a recent $40 million Series D funding, the company is poised to scale its sales and marketing efforts, invest in research and development, and continue innovating its AIOps platform. This positions Moogsoft to capitalize on the growing demand for real-time service dashboards, collaborative workflows, and advanced analytics.
Future fundraising opportunities appear promising, given the involvement of high-profile investors like Goldman Sachs. Additional venture capital rounds or strategic partnerships could further accelerate Moogsoft's expansion. However, the company must navigate challenges such as intense competition in the AIOps market and the need to maintain technological innovation while scaling operations. These hurdles will test Moogsoft's ability to sustain its growth trajectory and market leadership.
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