Apigee Completes $60M Financing

apigeeApigee, a San Jose, California-based developer of a platform for digital acceleration, completed a $60m round of financing.

Backers included new investors Pine River Capital Management and Wellington Management Company and current investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, with funds managed by BlackRock, Focus Ventures, and Accenture.

The company, whish has now raised $171m to date, will use the funds to accelerate across all areas of its business.

Led by Chet Kapoor, CEO, Apigee provides a solution (Apigee Edge API platform) for enterprises to quickly build end-to-end mobile and digital initiatives using APIs, apps and data. Its Apigee Insights delivers big data predictive analytics to individualize digital interaction at scale.
Customers include global enterprises such as Walgreens, eBay, Shell, Live Nation, Kaiser Permanente and Sears, among others.



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