Apigee Nabs $60M in Funding
SAN JOSE, Calif. -- Apigee, developer of the leading platform for digital acceleration, today announced the completion of a $60 million round of financing. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. With this financing, Apigee has raised $171 million to date. Apigee will use the funds to accelerate across all areas of its business to keep up with demand for APIs and big data analytics, as enterprises increasingly embrace these technologies for digital business.
“We’ve had a phenomenal year, and our momentum is accelerating as companies digitally transform to delight customers and grow with unprecedented speed and scale,” said Chet Kapoor, Apigee CEO. “Our investors now include three crossover firms and two of the largest public investors in Software-as-a-Service (SaaS), a strong validation of our technology, opportunity and business model.”