Apprenda Raises $24M from Safeguard Scientifics, New Enterprise Associates and Ignition Partners

Apprenda continues to lead the enterprise Platform as a Service category and will use the new funds to fuel hiring and add even more features to its PaaS.

TROY, N.Y., July 21, 2015 /PRNewswire/ — Apprenda, the leading enterprise Platform as a Service (PaaS), today announced the closing of a $24 million funding round led by Safeguard Scientifics SFE, +0.73% with participation from New Enterprise Associates (NEA) and Ignition Partners.

Apprenda will use the funding to further the adoption of its enterprise PaaS, which helps large organizations—including JPMorgan Chase, McKesson, and AmerisourceBergen—transform into software-defined enterprises and save money. Apprenda’s success stems from the belief that no enterprise should be forced to get rid of existing investments and applications to adopt a next-generation platform.

“We believe PaaS is only doable one way—the customer’s way,” said Sinclair Schuller, CEO and co-founder of Apprenda. “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.”

NEA

Read the release here.