ST Telemedia led the second phase of Moogsoft's over-subscribed Series C financing totalling over $30 million, The funding comes as the leading real-time IT Operation Analytics provider surpassed its growth goals for the most recent fiscal years, and will be used to fuel the expansion of its global operations in Europe, Asia and Americas.
Nikhil Eapen, Chief Strategy & Investment Officer of ST Telemedia said, "Moogsoft is validated by blue chip enterprises and major service providers with massive, web-scale, complex IT architecture. ST Telemedia is an active investor that drives value across our portfolio. We are investing in infrastructure software & enterprise tech with standouts like Moogsoft that apply next-generation technologies to displace large existing industries by deploying enterprise solutions that are a paradigm change in terms of speed, robustness and flexibility. It's clear Moogsoft is ready to scale deployments even further, from North America and Europe, and now to Asia."
More details are available on Moogsoft's press release