AppDynamics Becomes Latest Tech Startup Worth Over $1B

Law360, New York (July 22, 2014, 1:23 PM EDT) -- Software management company AppDynamics said on Tuesday it had raised $120 million in venture capital and debt in its latest bid to lock down growth financing, bumping the California-based startup’s valuation over the billion-dollar mark.

The latest round of growth financing was backed by new investors Battery Ventures, ClearBridge Investments and Sands Capital, as well as by all four of AppDynamic’s existing investors, Greylock Partners, Lightspeed Venture Partners, Leiner Perkins Caufield & Byers and Institutional Venture Partners, according to a statement. The $120 million raised also...
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