Moogsoft

Moogsoft

AI-driven IT incident management solutions

About Moogsoft

Simplify's Rating
Why Moogsoft is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$109.1M

Headquarters

San Francisco, California

Founded

2012

Overview

Moogsoft provides AI-driven solutions for IT operations management, helping businesses manage and resolve IT incidents efficiently. Its platform uses machine learning to detect anomalies, correlate events, and automate the resolution process, which reduces the workload on IT teams. Moogsoft primarily serves large enterprises and managed service providers in sectors like finance, healthcare, telecommunications, and technology, which often have complex IT infrastructures. Unlike many competitors, Moogsoft focuses on simplifying IT environments through its software-as-a-service (SaaS) model, allowing clients to subscribe for continuous access to its tools. The goal of Moogsoft is to enable organizations to maintain smooth operations and innovate faster by minimizing downtime and improving service quality.

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Simplify's Take

What believers are saying

  • Dell's acquisition could enhance Moogsoft's resources and market reach significantly.
  • Growing demand for AI-driven IT solutions aligns with Moogsoft's core offerings.
  • Moogsoft's Observability Cloud expansion taps into the rising interest in observability tools.

What critics are saying

  • Increased competition from established players like New Relic could impact market share.
  • Dell's acquisition may disrupt Moogsoft's existing customer relationships and focus.
  • Rapid growth in cloud customers may strain Moogsoft's infrastructure and support capabilities.

What makes Moogsoft unique

  • Moogsoft offers patented AI analyzing billions of events daily for IT environments.
  • The platform uses machine learning to detect anomalies and automate incident resolution.
  • Moogsoft's SaaS model provides scalable AI-driven solutions for large enterprises and MSPs.

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Funding

Total Funding

$109.1M

Below

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Company News

Moogsoft
Oct 10th, 2023
Moogsoft Doubles Down on Growth | Press Release

Leader in intelligent observability reaches 105% NDRR, triples customer count and more after launching Observability Cloud.

ITPro Today
Aug 1st, 2023
New Relic acquired by Francisco Partners and TPG for $6.5B

Just this year, HPE acquired OpsRamp and Dell announced its intent to acquire Moogsoft, Casanova noted.

Binary On Demand
Jul 21st, 2023
Dell acquires moogsoft, a venture-supported AIOps startup

In September 2020, Moogsoft introduced a cloud edition of its platform, and since its launch, the number of cloud customers has grown by over 150% as of March 2022.

CRN
Jul 20th, 2023
Dell will acquire AIOps platform Moogsoft

Moogsoft has raised $92.9 million in total funding and has 157 employees, according to Crunchbase and LinkedIn.

Financial Press
Jul 20th, 2023
Dell to acquire AI-driven IT provider Moogsoft

Dell Technologies DELL, +0.87% signed a definitive agreement to buy Moogsoft, an AI-driven provider of intelligent monitoring solutions that support development operations and information technology operations.

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