Appcelerator Obtains $9,000,000 Series B Funding Round

  • Feed Type
  • Date
    10/26/2010
  • Company Name
    Appcelerator
  • Mailing Address
    444 Castro Street Mountain View, CA 94041
  • Company Description
    Appcelerator is an open source platform for building rich web applications. Appcelerator, Inc. is a silicon valley venture funded company located in Mountain View, California.
    Appcelerator was started in 2006 by software veterans Jeff Haynie and Nolan Wright. Haynie and Wright set out to make building rich web applications faster and cheaper by using a better set of technologies, a new architecture called Service Oriented UIs (or SOUI), and an agile methodology for rapid prototyping called Interactive Use Cases.
  • Website
    http://www.appcelerator.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $9,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Appcelerator plans to use the funding to help develop its Titanium+Commerce application, which will provide PayPal’s 8 million partnered merchants with a ready-to-use template application.
  • M&A Terms
  • Venture Investor
    Sierra Ventures
  • Venture Investor
    Storm Ventures
  • Venture Investor
    eBay

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