Tech Crunch | July 21, 2015

Apprenda Raises $24M Series D Funding Round For Its Enterprise PaaS

Apprenda, an enterprise platform as a service (PaaS) player that originally launched back in 2007, today announced that it has raised a $24 million Series D round led by Safeguard Scientifics. Other participants in this round include New Enterprise Associates and Ignition Partners. This brings Apprenda’s total funding to $56 million.

Like other enterprise PaaS services, Apprenda aims to make it easier for enterprise developers to build modern software on top of its infrastructure. What sets the service apart, Apprenda tells us, is that it allows enterprises to work with their existing infrastructure and applications. “That means with Apprenda you can leverage all of your previous investments,” the company’s communications manager Sean Ludwig told us. “Other players focus only on new apps, not existing [ones].” He also noted that Apprenda offers production-grade .NET and Java support.

The company says it plans to use the new funding to hire for its engineering, product, client services and sales teams in order to “further the adoption of its enterprise PaaS” (though I assume it would indeed be unreasonable — yet refreshingly novel — to expect a company to say it raised new funding in order to impede adoption of its products…).

“We believe PaaS is only doable one way—the customer’s way,” said Sinclair Schuller, CEO and co-founder of Apprenda, in a canned statement today. “This means our technology had to be built to support everything upstream and downstream from our platform in a highly compatible way. And because of this, our vision of helping enterprises convert their data centers into cloud platforms supercharged for developer productivity has become a reality.”