AppDynamics Raises $158m

US-based app intelligence company AppDynamics has secured $158m in growth financing, which it will use to fuel platform and sales expansion.

Based in San Francisco, the firm has developed the Application Intelligence Platform, which tracks and analyses user interactions with apps and delivers a real-time, end-to-end view of their performance.

This round of financing has come from new investors led by General Atlantic and Altimeter Capital, with participation from Adage Capital, Industry Ventures, Goldman Sachs and Cross Creek Advisors. Existing investors IVP, Greylock Partners and Lightspeed Venture Partners also participated in the round.

President and CEO David Wadhwani (pictured) comments: 'We are excited to partner with General Atlantic and Altimeter Capital, as well as our other investors, as we look to accelerate product innovation, expand our offering, and fuel our sales and marketing activities'.

Web site: www.appdynamics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.