Funding

Apprenda raises $24M

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What does Apprenda do?

Apprenda, is the leading enterprise PaaS- Platform as a Service. It powers the next gen of enterprise software development in private, hybrid and public clouds. It is a foundation software layers and app run time environment, it eliminates the difficulties of constructing and providing modern software apps, enabling enterprises in faster innovation. With this platform as a service, enterprise development teams can securely deliver an ecosystem of services, data, applications and APIs for the external and internal customers across any infrastructure. This company’s clients from the world’s largest banks such as JP Morgan Chase to AmerisourceBergen and McKesson, the healthcare organizations, are all a part of a new class of enterprises defined by software, disrupting industries and winning with software.

How much Apprenda was funded?

Aprrenda raised $24M in Series D funding on July 21st, 2015 led by Safeguard Scientifics. Other participants in this funding round are Ignition Partners and New Enterprise Associates. With this round the total funding of this company amounts to $56M.

Previous funding

  • $5Min Series A funding on November 9, 2009 from New Enterprise Associates Partner: Tom Grossi and Primary Venture Partners Partner: Jon Stillman
  • $10Min Series B funding on August 9, 2011 from Ignition Partners (Lead) Partner: Frank Artale, Primary Venture Partners Partner: Jon Stillman, New Enterprise Associates Partner: Tom Grossi
  •  $16M in Series C funding on November 20, 2013 from Safeguard Scientifics (Lead) Partner: Philip Moyer, New Enterprise Associates Partner: Tom Grossi, Ignition Partners Partner: Frank Artale

What is next for Apprenda?

Apprenda plans to use the funding for hiring new employees for its engineering, client services, product and sales teams for further adopting its enterprise PaaS. The company aims in make it easier for the enterprise developers to build modern software on top of its infrastructure.

More about Apprenda

Apprenda was founded in 2007 by Matthew Ammerman, Sinclair Schuller and Abraham Sultan. It has its headquarters in Troy, NY.

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