DynaTrace Software, a Boston-based provider of lifecycle application performance management for distributed Java and .NET applications, has raised $12.9 million in Series B funding. Bay Partners led the round, and was joined by return backer Bain Capital Ventures.
dynaTrace software, the award-winning leader in Lifecycle Application Performance Management for distributed Java and .NET applications, today announced that it has closed $12.9 Million in Series B financing led by Bay Partners, joined by original investor Bain Capital Ventures. These funds will be used to further expand the Company's sales, marketing and business development activities, as well as enlarge the technical advantage enjoyed by its industry-leading Lifecycle APM solution. Bay Partners General Partner Salil Deshpande will join the dynaTrace board.
“It's rare for enterprise software companies to create hit products that just feel right, and customers love. Many companies never do,” said Deshpande. “But when you do, you put all your energy behind it. In our discussions with customers we realized that dynaTrace has just such a product in the area of Lifecycle APM, and I'm excited to be part of the team.”
dynaTrace has achieved such rapid growth by enabling companies to reduce costs and improve performance through unprecedented visibility into the ever-increasing complexity of distributed applications. The core providing this visibility is dynaTrace's PurePath Technology