Appcelerator Garners $15,000,000 New Financing

  • Feed Type
  • Date
    10/31/2012
  • Company Name
    Appcelerator
  • Mailing Address
    440 N. Bernardo Ave Mountain View, CA 94043
  • 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
    $15,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Appcelerator will use the new cash to branch its offerings by adding HTML5 Web app development to its framework, increase its sales staff and fuel international expansion.
  • M&A Terms
  • Venture Investor
    Red Hat
  • Venture Investor
    Translink Capital
  • Venture Investor
    Mayfield Fund

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