Safeguard Sciences, Inc. (NYSE:SFE), a holding company providing growth capital and operational support to life sciences and technology companies, today announced the deployment of $6. $5 million and $8 million 7 million Series B funding for AppFirst, Inc. New York, NY-based company providing cloud-based application performance monitoring (APM) solutions for the enterprise. FirstMark Capital and Javelin Venture Partners also took part in the round The funding proceeds will be focused primarily on expanding sales and marketing and accelerating platform enhancements.
AppFirst is an APM solution that provides unprecedented visibility to critical, top-line business metrics. With its SaaS-based DevOps Dashboard, AppFirst captures the most detailed information ever collected from the entire application stack, including millions of infrastructure, application and business metrics, aggregates it and then correlates it in a single, large data repository that eliminates the need for users to search for data in multiple locations. Data is continuously collected to give customers visibility to their entire infrastructure and to every application running in production, to deliver workable data and to bring overall system management to a whole new level of efficiency.
“There are rapidly evolving waves of new technologies affecting the enterprise, including mobile, cloud, big data, social and M2M,” said Philip D. Moyer, Managing Director, Technology at Safeguard, who joined the Board of Directors of AppFirst ‘In particular, there is a dramatic shift towards cloud-based infrastructure and agile development methodologies that has increased the pace of release of the new application code by 3x-5x. The traditional tools that make up the $2 billion APM market are only affordable to 5% of the production applications and have simply not been designed for the cloud or this new pace of development. AppFirst is the next generation of APMs Its patent-pending, miss-nothing, always-on-monitoring installs in minutes and generates incredible cloud-based proactive monitoring with less than 1% overhead on the application. AppFirst’s model makes performance monitoring available, affordable and efficient for 100% of the cloud-based application development market. We’re excited to partner with AppFirst at this exciting time of business growth. “That’s right.
“The continued success of AppFirst in this fast-growing, highly competitive market has been tremendous,” said David Roth, CEO and co-founder of AppFirst. “However, the most critical success factor in bringing our business to the next level is the scaling up of both our marketing and sales efforts-and that requires capital. We are excited to bring Safeguard on board, especially as many of the team members have been entrepreneurs and operators themselves and, as a result, understand the challenges facing growing companies. In particular, Phil’s expertise as CEO, entrepreneur, investor, software developer and operator makes him an ideal board member as we move on to this next phase of growth and commercialization. “That’s right.
About Safeguard Scientists
Founded in 1953, based in Wayne, PA, Safeguard Scientifics, Inc. (NYSE:SFE) provides growth capital and operational support to entrepreneurial and innovative life sciences and technology companies; Safeguard focuses on life sciences companies in Molecular and Point-of-Care Diagnostics, Medical Devices, Regenerative Medicine, Specialty Pharmaceuticals and selected healthcare services, and technology companies in Internet/New Media, Financial Services IT, Healthcare IT and selected business services with capital requirements of up to $25 million. Safeguard participates in expansion financing, corporate spin-outs, management buy-outs, recapitalisations, industry consolidation and early-stage financing. For more information, please visit our website at
AppFirst About
AppFirst is a leading developer of powerful yet simple application monitoring solutions, providing full visibility to DevOps and Tech Execs professionals in systems, applications and business metrics. The company’s SaaS-based DevOps Dashboard is powered by a flexible large data platform that collects, analyzes and correlates a number of data sources that are delivered to a configurable dashboard that allows users to easily monitor information that is important to an organization and quickly troubleshoot issues. AppFirst is a New York City-based company founded in 2009 with the support of FirstMark Capital, First Round Capital, Javelin Venture Partners and Safeguard Scientifics (NYSE:SFE) Visit www for more information. App1st Come, follow us on Twitter or subscribe to the AppFirst blog to stay up-to-date with the latest AppFirst news.
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/AppFirst/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
