MAVA Member Fugue Raises $41 Million In Series D Led By MAVA Member NEA
Fugue Inc. announced it has closed an approximately $41 million Series D financing round, bringing the company’s total funding to more than $75 million. The company’s flagship product, also called Fugue, radically simplifies cloud infrastructure complexity at scale with its dynamic, software-defined cloud orchestration and enforcement system. The round was led by New Enterprise Associates (NEA), with participation from previous investor Maryland Venture Fund and new investor Future Fund, the sovereign wealth fund of Australia.
The funding comes as Fugue prepares to launch new enterprise-grade cloud infrastructure automation products that provide enhanced capabilities for team collaboration, dynamic infrastructure control, and continuous enforcement of regulatory compliance. The company plans to use the newly raised funds to fuel its go-to-market strategy and accelerate product development to meet the requirements of enterprise customers needing an end-to-end approach to reducing deployment friction, automating the cloud lifecycle, and mitigating risk in the cloud.