IDG Contributor Network: What’s with application monitoring? Another company picks up a monster funding round

An interesting thing is going on in the application and infrastructure monitoring space. A ton of money is being poured into the various vendors in the market, and all of those vendors are rapidly morphing their platforms to provide holistic monitoring functionality. No longer is it just about application monitoring or infrastructure monitoring in isolation. What is de rigueur today is combined monitoring that provides the often-talked about “single pane of glass” across all of an organizations assets.

+ Also on Network World: Infrastructure monitoring products: Users pinpoint the best and worst features +

It’s a fairly busy space—New Relic, DataDog, AppDynamics and a host of others compete. And to that list we must add Wavefront, a Silicon Valley company that recently scored an impressive $ 52 million by way of a Series B funding round. The company advises that their valuation increased four times compared to their Series A round—no down valuations for this player. It also scored top-shelf investors, existing investors Sequoia Capital and Sutter Hill Ventures were joined by new investor Tenaya Capital and other equity holders.

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Network World Cloud Computing

Foursquare founder @dens given Special Project by VCs. Huge haircut after down round

Dennis Crowley, Foursquare’s remaining co-founder gets kicked up to the boardroom, “of his own volition.” In news that may or may not be connected, 4sq gets yet another honking chunk of change to burn through—but the price is said to value Foursquare at way less than it was worth previously.

This will be the Series-E round, worth $ 45 million, led by Union Square. Other investors number Morgan Stanley, DFJ, Andreessen Horowitz, and Spark.

Presumably one or more of these VCs weren’t keen on Crowley’s performance at the location-based service, so asked him to tag in the old COO and CRO. Meanwhile, he’s been asked to “make something awesome.”

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Computerworld Cloud Computing