Amazon cloud partner Apptio raises $45 million
May 16, 2013
Grazed from WKZO.com. Author: Alistair Barr.
Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including Janus Capital Group. T. Rowe Price; The Hillman Company, the investment firm of billionaire Henry Hillman; and existing venture capital backers including Andreessen Horowitz, Greylock Partners and Madrona Venture Group, also invested.
Apptio, led by Chief Executive Sunny Gupta, has raised a total of $136 million so far. The previous funding round valued Apptio at about $600 million and this latest round was a "significant" increase on that, Gupta said, while declining to give a specific number…
Apptio is one of a slew of start-ups that have sprouted to help enterprises use cloud computing services more. Apptio is a partner of Amazon Web Services, the cloud business of online retail giant Amazon.com Inc. AWS, as it is known, is increasingly relying on partners like Apptio to help it lure more big businesses to its cloud…
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