The application monitoring company, owned by Cisco, debuted several new products that will help enterprises navigate the complexity of modern environments.
Enterprises are balking at moving Kubernetes into production environments because of too many choices. It "makes them basically an open source aggregator."
The company secured $20 million in Series A funding.
The purchase will support AppDynamics, which Cisco acquired earlier this year for $3.7 billion.
IoT may play a role in how Cisco melds AppDynamics' technology into the rest of its business.
Global private equity M&A activity in the tech sector is on the rise.
But couldn't Cisco have spent less than $3.7B? Questions remain.
Cisco being an AppDynamics customer laid some of the groundwork for the deal.
The startup gets a unicorn-sized buyout.
The APM unicorn seems likely to carry high expectations.