The round was led by Safeguard Scientifics (SFE), with the participation of New Enterprise Associates (NEA) and Ignition Partners. Apprena will use the funding to further adopt its PaaS enterprise, which helps large organizations – including JPMorgan Chase, McKesson and AmerisourceBergen – to transform into software-defined enterprises and save money. Learning’s success stems from the belief that no enterprise should be forced to get rid of existing investments and applications to adopt the next generation platform.
‘We believe that PaaS can only be done one way-the way of the customer,’ said Sinclair Schuller, CEO and co-founder of Apprenda. ‘This means that our technology had to be built to support everything upstream and downstream of our platform in a highly compatible way. And, as a result, our vision of helping businesses convert their data centers into cloud platforms that are supercharged for developer productivity has become a reality. ”
The company will also use the funding to hire new members aggressively for its engineering, product, customer services and sales teams. This funding round was fuelled by existing investors, who strongly believe in Learning’s offering to businesses and know that the company is years ahead of the competition. This round brings the total financing of the company to $56 million to date.
‘It has become widely accepted that an independent PaaS is the most efficient way to run a large internal technology environment,’ said Phillip Moyer, Managing Director, Technology at Safeguard and Member of the Board of Directors of Apprenda. ‘Apprena’s deep 10-year investment in PaaS business technology is paying off with significant customer traction and market-wide recognition. We are proud to continue to partner with Sinclair and his team as they move to the next level with this funding. ”
‘With businesses around the world seeking to modernize their application infrastructure, the growth in interest for Platform-as-a-Service technologies has been explosive,’ said Stephen O’Grady, Chief Analyst at RedMonk. ‘Apprena’s recent funding round is both a sign of this growth and a means of capitalizing on it. ”
About Learning
Learning is the leading enterprise platform as a service (PaaS) powering the next generation of enterprise software development in public, private and hybrid clouds. As a foundational software layer and application run-time environment, Learning eliminates the complexities of building and delivering modern software applications, enabling companies to innovate faster. With Apprena, enterprise development teams can securely deliver an ecosystem of data, services, applications and APIs to internal and external customers across any infrastructure. From the world’s largest banks, such as JPMorgan Chase, to healthcare organizations, including McKesson and AmerisourceBergen, Apprena’s clients are part of a new class of software-defined companies, disrupting industries and winning software. Visit the learner at www Learn more Follow us on Twitter @apprenda.
About Safeguard Scientists
Safeguard Sciences, Inc. (SFE) has a distinguished record of fostering innovation and building market leaders For six decades, Safeguard has provided growth capital and operational support to entrepreneurs across an evolving spectrum of industries. Today, Safeguard focuses specifically on two sectors: healthcare and technology. Specifically, Safeguard targets early-and growth-level companies in advertising technology, digital media, financial technology, enterprise software, Internet of Things, devices, diagnostics, digital health and IT healthcare. Please visit www for more information. Protection Come or follow us on Twitter @Safeguard
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