Finovate | November 20, 2013

Apprenda Raises $16 Million in Series C Funding

By Julie Schicktanz on November 20, 2013 8:50 AM

ApprendaLogo.jpgEnterprise Platform-as-a-Service provider, Apprenda,announced it has raised some major funding today. The New York-based company raised $16 million in a Series C round from three investors.

Safeguard Scientifics led the round, and existing investors Ignition Partners and New Enterprise Associates also contributed.

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While Apprenda’s customer list already includes 13 of the world’s top 20 banks, as well as a number of Fortune 500 companies, it plans to use the round to further increase adoption of its Platform-as-a-Service.

The new round brings Apprenda’s total funding to $32 million.

Apprenda debuted at FinovateFall 2013. Check out its demo video here.