Apprenda Raises $16 Million
Apprenda is a platform-as-a-service software company based in Clifton Park, NY that has raised $16 million in venture capital funding that is planning to expand in western Europe. Apprenda has raised a total of $32 million in funding.
This round of funding was led by Safeguard Scientifics with participation from Ignition Partners and New Enterprise Associates. Founded in 2006, Apprenda plans to use the funding to expand into Europe. Almost all of Apprenda’s customers have offices in Europe.
“A lot of our workflow is coming from Europe, with a big presence in western Europe,” stated Sinclair Schuller, CEO of Apprenda. “We are looking to open an office there to be on the ground with our customers.”
Apprenda will also use the funding to hire 150 employees over the next couple of years. Apprenda currently has 50 employees.