HomefundingAppistry Closes $12M Series D Financing

Appistry Closes $12M Series D Financing

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Appistry, Inc., a St. Louis, MO-based provider of a cloud application platform for data intensive applications, has closed a $12m Series D financing.

The round was led by eXome Capital, which also provided term and convertible debt financing, with participation from Stuart Mill and other private and existing investors.

This brings the total amount raised by the company to date to over $34m.

Led by Kevin Haar, CEO, and Sultan Meghji, Vice President of Cloud Applications, Appistry provides a platform (CloudIQ Platform) for data-intensive applications, which is designed to enable “computational storage,” allowing users to quickly turn raw data into actionable intelligence.

Customers include FedEx, GeoEye, State Street Bank, Northrop Grumman, Lockheed Martin and multiple U.S. Government agencies.

FinSMEs

02/08/2011