Application performance management solutions provider AppDynamics has closed a Series C financing round totaling $20 million. New investor Kleiner Perkins Caufield & Byers led the round, with existing investors Greylock Partners and Lightspeed Venture Partners also participating. AppDynamics has now raised $36.5 million to date, according to founder and CEO Jyoti Bansal.
AppDynamics delivers software-as-a-service and on-premise performance management services both in the cloud and in data centers. Clients include Netflix, Priceline, TiVo and Staples. More than 60,000 users have downloaded its free AppDynamics Lite troubleshooting solution.
"We help people manage mission-critical business apps," Bansal told FierceDeveloper. "As businesses move into mobile, they're finding it's a very difficult environment to manage. It's like flying a Boeing 757 airplane--it's a powerful machine, but you can't fly it without the proper gages and instruments. We are in the business of insuring that the back-end infrastructure behind the mobile client is performing smoothly and delivering the right user experience."
AppDynamics will leverage the new financing round to fuel its growth, expanding its engineering team to drive product enhancements and adding sales staffers to pursue new customers. Bansal adds the company will also seek new opportunities abroad--international customers already make up more than 35 percent of its client base. "More and more businesses are moving into mobile apps," Bansal said. "It's happening all over the world."
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