How Much Did Moogsoft Raise? Funding & Key Investors

Moogsoft has successfully raised funding over 5 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 9 investors, including Wing Venture Capital and HCLTech.

Keep reading to explore the intricacies of Moogsoft's fundraising journey and the investors backing this innovative platform.

What Is Moogsoft?

Moogsoft, based in San Francisco, California, is a private company specializing in AIOps solutions. The company operates in various industries, including analytics, enterprise software, IT infrastructure, IT management, and machine learning. With an employee count ranging from 101 to 250, Moogsoft aims to help IT teams work faster and smarter.

Founded by a team of experts, Moogsoft has been acquired by Dell and continues to innovate in the field of IT operations. The platform offers features such as noise reduction, enrichment, anomaly detection, correlation, custom integration, collaboration, and self-service, catering to both business and technical solutions.

How Much Funding Has Moogsoft Raised?

1. Series A
   • Amount Raised: USD 7,000,000
   • Date: May 2013
   • Lead Investors: Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and expand the team.
2. Series B
   • Amount Raised: USD 14,300,000
   • Date: July 2014
   • Lead Investors: Wing Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product features.
3. Series C
   • Amount Raised: USD 31,626,909
   • Date: June 2016
   • Lead Investors: Northgate Capital, ST Telemedia
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate market expansion and product development.
4. Series D
   • Amount Raised: USD 40,000,000
   • Date: March 2018
   • Lead Investors: Goldman Sachs Growth Equity
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale sales and marketing efforts and invest in R&D.
5. Series Unknown
   • Amount Raised: USD 20,000,000
   • Date: May 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing innovation and market presence.

Total Amount Raised: USD 112,926,909. Current Valuation: Not publicly disclosed.

Key Investors

• Goldman Sachs Growth Equity
  • Details: A division of Goldman Sachs that focuses on growth equity investments. They have a significant presence in the financial sector.
  • Investment Focus Areas: Technology, healthcare, consumer, financial services.
  • Notable Investments: Uber, Spotify, Dropbox.
• Northgate Capital
  • Details: A venture capital and private equity firm. They are known for their strategic investments in high-growth sectors.
  • Investment Focus Areas: Technology, healthcare, consumer sectors.
  • Notable Investments: Uber, Spotify, SurveyMonkey.
• ST Telemedia
  • Details: A strategic investor in the telecommunications, data center, and media sectors. They have a global investment portfolio.
  • Investment Focus Areas: Telecommunications, data centers, media.
  • Notable Investments: GDS Holdings, Level 3 Communications, StarHub.
• Wing Venture Capital
  • Details: A venture capital firm that focuses on early-stage enterprise technology companies. They have a strong track record in the tech industry.
  • Investment Focus Areas: Early-stage enterprise technology companies.
  • Notable Investments: Snowflake, Cohesity, Gong.io.
• Redpoint Ventures
  • Details: A venture capital firm that invests in early and growth-stage technology companies. They have been instrumental in the success of several tech giants.
  • Investment Focus Areas: Early and growth-stage technology companies.
  • 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. The company is poised to scale its sales and marketing efforts, leveraging its recent funding to enhance its AIOps platform. This expansion aligns with industry trends that emphasize real-time service dashboards and collaborative workflows, positioning Moogsoft to capture a larger market share.

Future fundraising opportunities appear promising, given the substantial investment from high-profile investors like Goldman Sachs. As Moogsoft continues to innovate and expand, additional funding rounds could further accelerate its growth trajectory. However, the company must navigate challenges such as intense competition in the AIOps market and the need to maintain a competitive edge through continuous technological advancements.

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