Provider of "collaborative situation management" solutions for web-scale IT operations Moogsoft has closed on an $11.3 million Series B funding round, led by new investor Wing Venture Capital. Existing investor Redpoint Ventures, which contributed to a $7 million 2013 investment round, also participated. The cow-themed company is looking to disrupt traditional DevOps operations with its Incident.MOOG platform.
ITSM and DevOps - a collaborative situational approach
Moogsoft says its Incident.MOOG offering is a new type of a platform for ensuring the availability of today's continuous delivery applications and infrastructure. Used to create situational awareness by web-scale service providers and enterprises the platform detects incidents as they unfold, creates contextualized situations, which creates a dynamic teaming environment for stakeholders to accelerate resolution and knowledge sharing.
Using adaptive machine learning and socialized workflow the company hopes its platform will benefit DevOps and IT operations by ditching old rule-based systems in favor of a new paradigm that brings value to existing service management resources.
"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."
Company co-founders Phil Tee and Mike Silvey are veterans in the industry, previously bringing Micromuse Netcool to the market in the 1990's, which was then acquired by IBM and folded into its Tivoli software suite. After only a few years in business its product is being used by a number of service providers around the world, and the company has partnered with major vendors in the ITSM and DevOps sectors.
The new investment will be used to fund geographic expansion and to continue innovating its platform.
Moogsoft CEO Phil Tee said,"Peter and the Wing investment team bring invaluable domain knowledge and operational expertise to Moogsoft that will enable us to scale our business faster. We share a vision for how data, mobile and the cloud are transforming IT. Together, we are building something very big."