Tuesday, May 20, 2008

Mu Dynamics, a pioneer in helping network operators and their vendors eliminate downtime through proactive service assurance got $10 million funding

What Company Is Offering:
Mu Dynamics proactively eliminates the high cost of service, application and network downtime. Mu’s solution automates a systematic and repeatable process that identifies hard-to-detect sources of potential downtime within IP services, applications, and underlying networks. The award-winning Mu solution is deployed at more than 100 locations, primarily at leading global service providers, cable operators and network product vendors.

How Much They Got From VCs:

Mu Dynamics, a pioneer in helping network operators and their vendors eliminate downtime through proactive service assurance, today 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. (Editors note: See today s announcement from Mu Dynamics: Mu Broadens Ability to Eliminate Service, Application, and Network Downtime with Addition of Denial of Service Module.)

“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. “The company's track record with leading global operators is among the reasons we're so bullish about our investment in Mu.”

Mu’s award-winning solution, the Mu-4000 appliance, is widely adopted globally 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.

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