Moogsoft Inc.

Founded in 2012 in San Francisco, Moogsoft Inc. specializes in AIOps solutions that leverage AI to streamline IT operations, enhancing incident management and reducing downtime for organizations across various industries. Moogsoft is an AIOps solution provider that enhances IT operations through AI-driven functionalities. The company was founded in 2012 in San Francisco, California, by Mike Silvey and Phil Tee, who both have extensive backgrounds in technology.

In its journey, Moogsoft secured a total of USD 40. 00 mn in funding, with its most recent funding round being Series D led by Goldman Sachs Merchant Banking Division on July 19, 2023. The company, having completed 7 deals, is valued at USD 195. 40 mn.

Moogsoft provides AIOps solutions that enhance IT operations through advanced noise reduction, anomaly detection, and correlation functionalities. Their platform integrates seamlessly with existing IT infrastructures, helping organizations proactively manage incidents and reduce downtime. It caters to diverse industries including technology, finance, and telecommunications, focusing on continuous availability and optimizing digital experiences, primarily marketed in North America, Europe, and Asia-Pacific regions. Moogsoft generates revenue predominantly through subscription-based models, enabling clients to access its AIOps platform and services on a recurring basis.

Clients typically enter into annual or multi-year agreements that grant continuous access to product updates and support. The pricing structure is tiered to accommodate various organizational needs, thus fostering long-term partnerships with clients integrating Moogsoft's solutions into their workflows. Following its acquisition by Dell Technologies, Inc. in January 2023, Moogsoft aims to enhance its AIOps capabilities as part of Dell’s strategy to embed AI into its product portfolio.

The recent funding will support this integration and expansion into new markets. Moogsoft plans to further develop its product offerings to address evolving client needs and enhance operational efficiencies.