Mu Dynamics receives $10 Mn series C funding
Printer Print Email Email
Sunnyvale: Mu Dynamics, a pioneer in helping network operators and their vendors eliminate downtime through proactive service assurance, has announced a $10 million third round of financing led by Focus Ventures and previous investors Accel Partners, Benchmark Capital and DAG Ventures. The funds will accelerate the company?s rapid market expansion, particularly among Tier 1 Network operators and their vendors. Mu now has more than 100 active deployments worldwide. "Given the six-digit costs associated with even a single hour of downtime in any operators' networked applications or even SaaS offerings, there is a significant worldwide market opportunity for Mu's systematic, automated and proactive approach to pinpointing potential sources of failure in IP-based infrastructures," said Jim Boettcher, general partner with Focus Ventures. Mu's award-winning solution, the Mu-4000 appliance, is widely adopted at more than 100 installations within global service providers and their strategic vendors. The Mu solution automates the detection, isolation and elimination of a wide range of weaknesses in IP-based networks and supplier products. This methodical and proactive approach maximizes network operator service availability and network uptime. With the Mu-4000, service providers can proactively eliminate many sources of costly downtime, avoid reputation damage, ensure customer satisfaction is maintained at the highest levels possible, and reduce costly customer churn.
Source: IANS
siliconindia