SAN FRANCISCO – JULY 22, 2014 – AppDynamics, the leader in Application Intelligence, today announced it has secured $120 million in growth financing led by new investors Battery Ventures, ClearBridge Investments and Sands Capital. All four existing investors Greylock Partners, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers, and Institutional Venture Partners, also participated in the round. $50 million of the financing round is raised in form of debt capital led by Silicon Valley Bank.
The new financing brings the total capital raised by AppDynamics to over $200 million and will fund the company’s continued expansion of its Application Intelligence Platform into the IT Operations and Business Analytics markets, and also accelerate go-to-market investments worldwide.
“Application Intelligence is rapidly becoming the foundational management platform for modern enterprises that are going through a digital transformation. It has the opportunity to reshape not only the $4-5 Billion/year Application Performance Management market, but the broader $20 Billion/year IT Operations Management and $15 Billion/year Operations & Business Analytics markets” said Jyoti Bansal, founder and CEO at AppDynamics. “This additional financing is great validation of the market category, our strong execution in leading the category and above all the quality of the AppDynamics team across all functions. This financing will help fuel our continued rapid pace of technology innovation, and expansion of our worldwide sales and go-to-market execution.”