Apptio Closes $45M Series E Funding

Apptio, a Bellevue, WA-based provider of on-demand Technology Business Management (TBM) solutions, closed a $45m Series E funding round.

Backers included new investors Janus Capital, The Hillman Company, and an unnamed global institutional investor, and existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures, and accounts managed by T. Rowe Price Associates, Inc.
To date, Apptio has raised $136m.

The company intends to use the funds to grow its technology platform, expand its international presence (most immediately in Western Europe).

Led by founder and CEO Sunny Gupta and chief financial officer Kurt Shintaffer, Apptio provides IT team leaders with on-demand Technology Business Management (TBM) solutions to manage the cost, quality and value of IT Services. Customers include global enterprises such as Bank of America, Boeing, JPMorgan Chase, Microsoft, St. Luke’s Health System, and Swiss Re.

The company, which currently employs nearly 350 people, is continuing to hire (read here).



16/03/2012: Apptio Closes $50M Series D Funding
31/08/2010: Apptio Raises $16.5M in Series C Funding

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