Dow Jones | July 21, 2015

Apprenda Lifts $24M for Cloud Application Development

Apprenda Inc. has raised $24 million for its software platform that makes it easier for large companies to develop and deploy cloud applications.

Safeguard Scientifics led the funding round, which included New Enterprise Associates and Ignition Partners , according to a news release. The company said it now has raised $56 million in funding.

Troy, N.Y.-based Apprenda said the new funding would be used for such things as hiring and expansion.

The company raised $16 million in Series C funding in 2013.