Application monitoring company picks up a monster funding round

An interesting thing is going on in the application and infrastructure monitoring space. A ton of money is being poured into the various vendors in the market, and all of those vendors are rapidly morphing their platforms to provide holistic monitoring functionality. No longer is it just about application monitoring or infrastructure monitoring in isolation. What is de rigueur today is combined monitoring that provides the often-talked about “single pane of glass” across all of an organizations assets.

It’s a fairly busy space—New Relic, DataDog, AppDynamics and a host of others compete. And to that list we must add Wavefront, a Silicon Valley company that recently scored an impressive $52 million by way of a Series B funding round. The company advises that their valuation increased four times compared to their Series A round—no down valuations for this player. It also scored top-shelf investors, existing investors Sequoia Capital and Sutter Hill Ventures were joined by new investor Tenaya Capital and other equity holders.

Source



Leave a Comment