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AppDynamics Closes $120 million in Growth Funding — The Best is Yet to Come


We’ve come a long way since 2008, when I was writing code in my home at night and pitching venture capitalists during the day. Six years later, we have more than 450 employees in offices across the world: San Francisco, London, Australia, Singapore, Tokyo, and India. Today we are proud to announce we closed $120 million in growth financing to accelerate our technical innovation and sales expansion.

AppDynamics has raised more than $200 million in total capital to-date. While growing AppDynamics, we always remained laser-focused on creating the world’s next great software company. Since our founding, we have kept a keen eye on the ways the world is changing, and we work tirelessly to anticipate the needs of businesses.

The Software-Defined Businessess have now emerged and many companies are embarking on a journey of digital transformation.  Software is now the primary source of differentiation for the modern enterprise. Companies have migrated from “systems of record” to “systems of engagement” in order to get closer to customers and compete to win. The anticipation of this fundamental shift was the genesis and the vision for the founding of AppDynamics and the technical thesis for the Application Intelligence Platform.

We have a big and bold technology mission – to “instrument” each and every line of application code and use that data to provide insights to Developers, Operations and Business users to optimize their business and deliver a great consumer experience. Our portfolio is uniquely built to optimize software operations in the most complex environments. As a result, we have secured more than 1,300 of the most demanding enterprise customers. This latest round of funding validates our position as the market leader in application intelligence, and recognition for our vision, strategy and execution.

This funding comes at a pivotal time in the growth of AppDynamics. While we will always maintain the zeitgeist of a startup company, we are no longer the new kids on the block and our customer centric culture is at the heart of everything we do.  We are immensely proud of our NPS score of 85 and work relentlessly every day to earn and keep our customers’ trust. With an impressive list of customers, a stellar team comprised of the brightest minds in the industry, and an inspired and valued set of offerings, we are well on our way to becoming the world’s next great software company. While our upward trajectory is already the talk of the software industry, we are really just getting started — the best is yet to come.

The post AppDynamics Closes $120 million in Growth Funding — The Best is Yet to Come written by appeared first on Application Performance Monitoring Blog from AppDynamics.

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