AppDynamics raises US$158m, showing appetite of late-stage investors
Firm's valuation nudges up to US$1.9b from US$1.1b in July 2014: source
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APPDYNAMICS, a maker of software to manage and analyse applications, has raised US$158 million, evidence that some highly valued companies are still garnering investor support despite a pullback in late-stage venture capital.
The new funding round, announced by the company on Monday, puts AppDynamics' total financing at US$315 million since its founding in 2008. The San Francisco-based company's valuation nudged up to US$1.9 billion from US$1.1 billion in July 2014, according to a source close to the deal.
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