Appcelerator, a Mountain View, CA-based platform for rapidly developing native mobile, desktop, and iPad applications using Web technologies, has secured $9m in Series B round of funding.
The investment is being led by Sierra Ventures, with eBay Inc. participating as a strategic investor. Existing investors Storm Ventures and Larry Augustin also participated in the round.
The funding will be used to accelerate growth of the company’s mobile commerce offering, investment in platform development, and expansion into new markets.
Appcelerator has also entered into an agreement with PayPal to offer an integrated mobile commerce solution through PayPal’s merchant channel. This new offering (called Titanium+Commerce, watch video below) is designed to make it easy for PayPal’s merchants and Appcelerator’s Web developers to rapidly build native iOS, Android, and BlackBerry commerce applications across handsets, tablets, connected TVs, and other devices.
[vimeo http://www.vimeo.com/16099760 w=400&h=300]
Titanium+Commerce from Appcelerator Video Channel on Vimeo.