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  Security Software Zone » Software Reviews » Privacy » $10 Million Series C Financing Round Received by Mu Dynamics

$10 Million Series C Financing Round Received by Mu Dynamics

Category: Privacy
Published: 05/20/2008, 09:32  
Editor: Catalin Buda
 
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A $10 million third round of financing led by Focus Ventures and previous investors Accel Partners, Benchmark Capital and DAG Ventures was received as today announced by a pioneer in helping network operators and their vendors eliminate downtime through proactive service assurance, Mu Dynamics. Particularly among Tier 1 Network operators and their vendors, the funds will accelerate the company’s rapid market expansion. Mu now has more than 100 active deployments worldwide.

General partner with Focus Ventures, Jim Boettcher, declared: “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”. “The company's track record with leading global operators is among the reasons we're so bullish about our investment in Mu.”

The Mu-4000 appliance, Mu’s award-winning solution, is widely adopted globally at more than 100 installations within global service providers and their strategic vendors. The detection, isolation and elimination of a wide range of weaknesses in IP-based networks and supplier products is automated by the Mu solution. Network operator service availability and network uptime is maximized by this methodical and proactive approach. Service providers can proactively eliminate, with the Mu-4000, many sources of costly downtime, avoid reputation damage, ensure customer satisfaction is maintained at the highest levels possible, and reduce costly customer churn.

To reflect this growing solution set around the dynamic nature of network services, applications and wide range of end to end network products, Mu is also updating its company name to “Mu Dynamics”.
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