Posted on November 20, 2013 | By Eric Anderson
Halfmoon-based Apprenda said it has received $16 million in funding that it will use to further develop its cloud-based software platforms that are used in applications ranging from mobile banking to cancer treatment.
The financing came from Safeguard Scientifics, Inc. with participation from existing investors Ignition Partners and New Enterprise Associates. Philip D. Moyer, managing director, technology at Safeguard, will join Apprenda’s board of directors.
“For sixty years, Safeguard has supported and funded entrepreneurs and innovations that have had a transformative impact on our lives, and we believe that Apprenda is a game changer for the enterprise cloud market,” said Moyer. “Apprenda has achieved extraordinary traction with thousands of enterprise applications running in production on its platform. With a great team of co-investors coupled with a strong management team, we are excited to support Apprenda as the company expands its leadership in enterprise cloud computing.”
The latest funding doubles Apprenda’s financing to $32 million. Apprenda customers include such Fortune 500 companies as AmerisourceBergen, Dell, Honeywell, JPMorgan Chase and Symantec.