Data, Mobile & the Cloud are Transforming IT
Moogsoft, a collaborative "situation management" solution for Web-scale IT operations, announced the closing of an $11.3 million funding round led by new investor, Wing Venture Capital. The Series B financing brings the total raised by Moogsoft to approximately $18 million.
Moogsoft offers a platform for ensuring the availability of continuous delivery applications and infrastructure. Its flagship product, Incident.MOOG, is used by Web-scale service providers and enterprises to create collaborative situational awareness (by merging adaptive machine learning and socialized workflow) among IT Operations Management (ITOM) and IT Service Management (ITSM) teams. Incident.MOOG detects incidents as they unfold, reduces the noise without preset rules or models, creates contextualized situations and then orchestrates rapid restoral of business services.
"Once in a while, a company invents a radically new approach to an increasingly strategic problem and disrupts an industry. Moogsoft is one of those companies," said Peter Wagner, founding partner of Wing Venture Capital. "Its collaborative machine learning technology is already driving new efficiencies in the delivery of continuous availability to web-scale environments. With its innovation leadership, deep industry experience, and rapid execution effectiveness, Moogsoft has the opportunity to lead the industry's shift to data-driven IT operations."