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AppDynamics Closes $158 Million in Growth Financing

AppDynamics, a leading application intelligence company, announced it has secured $158 million in growth financing from new investors led by Paul, Weiss client General Atlantic, along with Altimeter Capital and with participation from Adage Capital, Industry Ventures, Goldman Sachs and Cross Creek Advisors. Existing investors IVP, Greylock Partners and Lightspeed Venture Partners also participated in the round. In conjunction with General Atlantic's investment, Robert Swan, an operating partner at General Atlantic and former CFO at eBay, Inc., will join the AppDynamics board of directors.

The Paul, Weiss team included corporate partners Neil Goldman, Matthew Abbott and John Kennedy and counsel Menachem Kaplan; tax partner Richard Bronstein; and employee benefits counsel Reuven Falik.

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