Apigee Completes $35M Financing

Apigee, a Palo Alto, California-based provider of a suite of solutions to help businesses build end-to-end mobile platforms with apps, data and APIs, completed a $35m financing.

The round was led by a fund under management by a subsidiary of BlackRock, Inc (NYSE: BLK), with participation from Accenture (NYSE: ACN) and current investors Bay Partners, Focus Ventures, Norwest Venture Partners (NVP), SAP Ventures and Third Point Ventures.

The company will use the funds to grow global sales and marketing and accelerate expansion of its platform.

Led by Chet Kapoor, CEO, Apigee offers:
– Apigee Enterprise, a platform for creating, managing and measuring digital initiatives built on apps, data and APIs;
– Apigee Insights, a big data analytics platform that aims to help organizations gain new business insights in the app economy; and
– Apigee API Exchange, an API interoperability platform.
Customers include global enterprises such as Walgreens, eBay, Shell, Live Nation, Bechtel, Marks & Spencer and Vodafone.



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