AppDynamics, which specializes in application performance management (APM) solutions for high-maintenance Web apps, has raised $20 million in funding in a Series C round led by Kleiner Perkins Caufield & Byers.Previous backers Greylock Partners and Lightspeed Venture Partners also participated.
With even mission-critical software applications increasingly moving to distributed, cloud-based architectures, AppDynamics’ solutions aim to assist organizations in managing such environments, helping companies like Netflix, Priceline and TiVo monitor and scale their production applications.
The company says more than 60,000 people have downloaded AppDynamics Lite, its free Java troubleshooting solution, to date.
AppDynamics has now raised $36.5 million in total.
Source:http://techcrunch.com/2012/01/17/appdynamics-lands-20m-from-kpcb-others-for-application-performance-management-solutions/
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