Appcelerator Raises $12.1M in Funding

Appcelerator, a Mountain View, CA-based mobile enterprise platform company, raised $12.1m in funding.

The round was led by EDBI, a Singapore-based global investment firm, with participation from new investor The Social Internet Fund and prior investors Mayfield Fund, Sierra Ventures, Storm Ventures, Relay Ventures, Translink Capital, eBay, and RedHat.

The company intends to use the funds for product development, sales, support, channels and potential acquisitions as well as for global expansion setting up an Asia Pacific headquarters in Singapore, which will feature an R&D center, an APAC data center as well as increased investment in its sales, support, partners and services in the region to support regional customers.

Led by Jeff Haynie, CEO, Appcelerator provides a platform that enables enterprises to create, deliver and analyze their entire mobile application portfolio, as well as an open source mobile development environment, called Titanium®.
Its worldwide ecosystem includes 480,000 mobile developers and hundreds of ISVs and strategic partners, including SAP, Cognizant and Wipro.
Customers include eBay, Merck, Mitsubishi Electric, ZipCar, PayPal and Ray-Ban, among others.



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