Fugue, Inc., a Frederick, Md.-based provider of a software-defined cloud orchestration and enforcement system, closed an approximately $41m Series D financing.
The round, which brought total funding to more than $75m, 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 company plans to use the funds to accelerate its go-to-market strategy and accelerate product development.
Led by Co-founder and CEO Josh Stella, Fugue provides a dynamic, software-defined cloud orchestration and enforcement system that aims to enable users to manage cloud infrastructure at scale and supports them through the entire cloud journey, from migrating legacy applications from the datacenter to deploying modern workloads that leverage today’s container-based and serverless services.
The company is now preparing 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.