A firm called Boundary that monitors the performance of companies’ technical infrastructures to help their applications and services stay online reportedly has raised $22 million in a Series C funding round.
New investor Adams Street Partners led the round, which also had as participants Triangle Peak Partners, Lightspeed Venture Partners and Scale Venture Partners. The Mountain View, Calif.-based company’s total outside investment has now reached $41 million, according to CNN Money.
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Boundary CEO Gary Read said the funds will support product development and sales of the company’s tools that are designed to help businesses understand why they experience downtime and how they can fix the situation.
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