SaaS-based application management technology provider AppFirst has closed an $8.7 million Series B round led by first-time investor Safeguard Scientifics. The New York City-based company, whose products focus on unified visibility, system monitoring and metrics, is also backed by FirstMark Capital, First Round Capital and Javelin Venture Partners. With a total of $15 million raised so far, AppFirst will use its Series B funds to expand sales and marketing efforts. As part of the deal, AppFirst will add Safeguard's Philip Moyer to its Board.
