Apprenda Closes $10M Series B Funding

Apprenda, a Clifton Park, NY-based Platform as a Service (PaaS) and framework that enables organizations with a cloud application platform to build, deploy, and run custom applications based on the Microsoft stack, has closed a $10m Series B funding.

The round was led by Ignition Partners, with participation from exisiting investors New Enterprise Associates and High Peaks Venture Partners.

The company intends to use the new capital to accelerate product development, and expand marketing and sales initiatives for its private PaaS and framework.

Led by CEO Sinclair Schuller, Apprenda is designed to enable enterprise IT organizations to deploy their own PaaS and framework for developing, delivering and managing the entire lifecycle of their .NET-based applications on any infrastructure.

In conjunction, with the funding, Frank Artale, managing director at Ignition and who has served as an advisor since the company was founded, will join Apprenda’s board.

FinSMEs

09/08/2011

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