May2010

AppDynamics Raises an $11M Series B Round – Confirms APM 2.0 Opportunity

A new Applications Performance Management opportunity has arisen driving by virtualization, the cloud, scaled out deployment architectures, lower cost open source middleware, and agile development techniques. AppDynamics has raised an $11M series B round to address this opportunity. New Relic is the current market leader. BlueStripe and VMware with AppSpeed are also targeting this space.