Application Performance Monitoring Company AppDynamics Raises $50 Million
AppDynamics is an application performance monitoring company that has raised $50 million in a Series D round of funding led by Institutional Venture Partners (IVP). Other investors that participated in this round include Greylock Partners, Kleiner Perkins Caufield & Byers, and Lightspeed Venture Partners. AppDynamics raised a total of $86.5 million and they plan to go public. AppDynamics manages the scaling, monitoring, troubleshooting, and user experience. AppDynamics has grown 300% in the past year as they now have 500 customers. This is up from 250 customers last year.
AppDynamics has 200 employees. The company’s headquarters are in San Francisco and they have offices in the United Kingdom, France, and Germany. Large technology companies use AppDynamics to manage their distributed infrastructure. For example, Overstock.com used AppDynamics on Cyber Monday to make sure everything goes smoothly. The application performance market is worth around $2 billion according to Gartner and is expected to grow $4-$5 billion in the next few years.
AppDynamics’ cloud services can be downloaded for free. Companies can test AppDynamics without anyone constantly bothering them. AppDynamics is primarily focused on the mid-sized enterprise market like startups and smaller companies.