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.