Late filer Moogsoft reports the successful completion of its equity issuance
XDATA - June 3rd 2016
Late filer Moogsoft placed $31.63 million worth of securities as part of a non-brokered equity financing round. The placement, which started a few months ago, lured a total of twelve subscribers. Two previous unregistered financing rounds raised an estimated $21.74 million.
Moogsoft markets and develops a collaborative machine learning technology for IT Operations Management and IT Service Management teams to streamline workflows and speed mean-time-to-repair (MTTR). Financial backers include Wing Venture Capital.
The company, headquartered in San Francisco CA, is led by Philip Tee (CEO). Moogsoft elected to keep its revenues undisclosed. The board of directors includes Al-Noor Ramji, Andrew Brown, Charles M Silvey, Daniel Fishback, John Walecka and Peter Wagner.
The company has raised an estimated total of $53.36 million via private unregistered security offerings.
Moogsoft is registered under the name Moogsoft (Herd).
Offering recap Status: Completed Company: Moogsoft Industry: Other Technology Amount offered: $31.63 million Amount placed: $31.63 million SEC filing: Source First sale: 02-18-2016 Data as of: 06-03-2016