AppDynamics has raised a total of $120 million from two separate investment rounds. It plans to expand its application intelligence platform into other markets and fund additional marketing campaigns. Here are the details.
AppDynamics CEO Jyoti Bansal says additional funding shows how application intelligence is growing.
AppDynamics on Tuesday said it has raised a total of $120 million from two separate funding rounds to expand its application intelligence platform into other markets and fund additional marketing campaigns.
Battery Ventures, ClearBridge Investments and Sands Capital led $70 million in Series E financing, with participation from existing investors Greylock Partners, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers and Institutional Venture Partners.
Silicon Valley Bank additionally provided the San Francisco-based application performance management (APM) solutions provider with $50 million in debt financing.
The company said it will use the new financing to fund the company's expansion of its platform into new markets, including IT operations and business analytics. It said it will also use the funding to accelerate global go-to-market investments.
AppDynamics CEO Jyoti Bansal said in a prepared statement that additional funding shows how the company is growing with the application intelligence market.
"Application intelligence is rapidly becoming the foundational management platform for modern enterprises that are going through a digital transformation," he said.
This new funding brings the company's total capital raised to more than $200 million.
The company in January 2013 raised $50 million in Series D financing.