Daily News: June 2, 2014

SVB Finances $50MM for AppDynamics

According to the Wall Street Journal, Silicon Valley Bank has financed $50 million in venture debt for AppDynamics.

The funds include both mezzanine term financing and a revolving line of credit, The Wall Street Journal said.

AppDynamics is a software company whose products are used to monitor and manage large corporate software structures.

To read the full Wall Street Journal article, click here.