Deal Announcements

AppDynamics Nets $11 Million New Venture Capital

Tuesday, May 04, 2010 5:33:00 AM PDT | VentureDeal Staff

San Francisco, California  --  Software development company AppDynamics has raised $11 million in the second round of institutional venture capital investment.

AppDynamics has created software that it calls the next-generation Application Performance Management solution for highly distributed applications.

Greylock Partners and Lightspeed Venture Partners co-led the round.  The company said it would use the funding proceeds to support its continued expansion.

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