As Salesforce.com draws Silicon Valley’s tech players into San Francisco for its weeklong Dreamforce conference, money continues to pour into enterprise software operating over the cloud. Apprenda, Hightail and Aria Systems have raised a combined $90 million in the last two days as investor dollars for software-as-a-service and platform-as-a-service companies flow.
In the PaaS space (a lot like SaaS but offering a platform to be customized or repackaged instead of individual software),Apprenda announced a $16 million Series C round of its own led by Safeguard Scientifics. That doubles the company’s funding since a $10 million Series B two years ago. The six-year-old company works with 13 of world’s 20 largest financial firms, anchored by JPMorgan Chase, and says it’s also strong in healthcare.
“We power the largest enterprise PaaS deployment in the world inside JPMorgan Chase,” CEO Sinclair Schuller tells FORBES. “Every line of business inside the bank is using Apprenda. Nearly 4000 applications are now running on Apprenda inside JPMC, and we’re adding more every day at a fast pace.”
Apprenda has shifted from a private PaaS model to one that works with either .NET or Java tech stacks. The company faces increasingly heavy competition from companies like the $100 million-plus funded Pivotal, which launched a new product last week.
In cloud file-sharing,, Hightail took on $34 million in a new round cash to compete in a crowded market in which Dropbox just committed to an enterprise focus. The company’s Series E round was led by Western Digital Capital and joined by existing investors. Hightail has now raised $83 million in funding to date. The company claims it has 40 million global users.
Hightail rebranded from YouSendIt over the summer and acquired a security shop, AdeptCloud, in Sept. Security is now the leading way that the company looks to differentiate from well-known competitors like Box and Dropbox, says CEO Brad Garlinghouse, a veteran of AOL.
Hightail CEO Brad Garlinghouse.
Hightail’s pitch is that it can tell administrators who has ever had access to a file, who opened it and when, as well as password-protect and key-protect controls of each document. “We’ve invested a lot in the control of documents, the ability to control documents,” says Garlinghouse. “In a post Snowden-world, the need to control and protect data is only highlighted.”
Hightail has recently doubled its enterprise sales staff in its push for more business customers and opened offices in Australia and the United Kingdom. The new money will go to those two areas of focus.
Then in revenue management software, Aria Systems raised $40 million yesterday in a round led by Bain Capital Ventures, with Interwest Partners, Venrock and enterprise company VMware participating. The company has also raised $83 million to date. Aria Systems’ software hooks in with the major CRM companies like Salesforce.com, Oracle and SAP. Audi, Philips, Sony, Adobe and Deutsche Telecom are all customers.