Application intelligence firm AppDynamics has raised $158m in growth financing to accelerate platform and sales expansion.
General Atlantic and Altimeter Capital led the new funding round, which takes the company’s total financing to $315m.
Other investors include Adage Capital, Industry Ventures, Goldman Sachs, and Cross Creek Advisors. Institutional Venture Partners, Greylock Partners and Lightspeed Venture Partners have also participated in the financing round.
A source close to the agreement said the value of AppDynamics has increased to $1.9bn from $1.1bn in July last year.
The company had earlier raised about $206m in debt and equity, including a $120m round.
AppDynamics was founded in 2008 to help modern enterprises go through digital transformation.
AppDynamics recently made changes to senior management roles, appointing former Adobe Systems general manager David Wadhwani as CEO.
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The company’s founder and CEO Jyoti Bansal was appointed as executive chairman and chief strategist.
AppDynamics is expanding its investment in global partner ecosystem in order to allow both partners and enterprises to address digital transformation opportunities by offering the optimised application performance required to run successful digital businesses.
The company has new or expanded relationships with Accenture, Amazon Web Services, Microsoft, Pivotal, Rackspace, and Red Hat.
