Moogsoft, the leader in collaborative situation management for web-scale IT operations, announced today the closing of an $11.3 million Series B funding round led by new investor, Wing Venture Capital. Existing investors, including Redpoint Ventures, also participated in the round. Moogsoft will use the new investment to fuel continued technology innovation and geographic expansion.
Moogsoft is offering a new type of a platform for ensuring the availability of today's continuous delivery applications and infrastructure. Its flagship product, Incident.MOOG, is used by web-scale service providers and enterprises to create collaborative situational awareness 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.
