Apptio

About

Apptio is a provider of SaaS-based Technology Business Management (TBM) solutions for managing businesses in the IT field.

Bellevue,Washington,United States
501 - 1000
http://www.apptio.com

Highlights

Details

Last Funding Type: Series D
Last Funding Money Raised: $50M
Industries: Analytics,Enterprise Software,Information Technology,SaaS,Software
Founded date: Nov 1, 2007
Number Of Employee: 501 - 1000
Operating Status: Active
Stock Symbol: nasdaq:APTI
Legal Name: Apptio, Inc.

Apptio is the leading provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT.

Apptio’s suite of applications use business analytics to provide facts and insights about technology cost, value, and quality, so IT leaders can make faster, data-driven decisions. The purpose-built applications help companies align technology spend to business outcomes and automate IT processes like cost transparency, benchmarking, showback/chargeback, operational efficiency, and planning. Powering Apptio’s applications is a next generation, in-memory cost analytics platform that takes data directly from all financial, operational, and billing systems, and powers applications that give customers deep insight. This insight spans infrastructure, applications, and business services, both on-premises and in the cloud. Hundreds of customers, including more than a third of the Fortune 100, choose Apptio as their business system of record for IT.

For more information, visit the Apptio website or the Apptio blog at www.apptio.com.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$357M

Apptio has raised a total of $357M in funding over 2 rounds. Their latest funding was raised on Mar 23, 2018 from a Convertable Note round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 23, 2018	Convertable Note	$125M	—	—	—	Detail
Sep 23, 2016	IPO	$96M	—	—	—	Detail
Jul 1, 2014	Secondary Market	—	2	—	—	Detail
Sep 1, 2013	Secondary Market	—	1	Akkadian Ventures	—	Detail
May 15, 2013	Series E	$45M	8	Janus Capital Group The Hillman Group	—	Detail

Investments

Number of Investments

Number of Lead Investments

6

0

Apptio has made 6 investments. Their most recent investment was on May 24, 2022, when Clear Street raised $165M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
May 24, 2022 Clear Street	Series B	$165M	Cloud Infrastructure	—
Jul 13, 2021 ClayStack	Seed	$5.20M	Blockchain	—
Jun 30, 2021 Syndicate	Seed	$800K	Cryptocurrency	—
Jun 28, 2021 KYVE	Pre-seed	$1M	Blockchain	—
May 20, 2021 Flux Protocol	Seed	$10.30M	Blockchain	—

Investors

Number of Lead Investors

Number of Investors

10

13

Apptio is funded by 13 investors. Akkadian Ventures and Janus Capital Group are the most recent investors.

Investor Name	Lead Investor	Funding Round
Akkadian Ventures	Yes	Secondary Market
Janus Capital Group	Yes	Series E
The Hillman Group	Yes	Series E
Employee Stock Option Fund	—	Secondary Market
SharesPost Investment Management	—	Secondary Market
137 Ventures	—	Series E
Andreessen Horowitz	—	Series E
Greylock	—	Series E
Madrona	—	Series E
Shasta Ventures	—	Series E

Employee Profiles

Number of Employee Profiles

13

Apptio has 13 current employee profiles, including Board observer Tim Porter

Board observer

Executive

Advisor

Board member

Executive

Acquisition

Apptio has acquired 5 organizations. Their most recent acquisition was Raveld on Dec 12, 2012. They acquired Raveld for 0.

Date Company Name	Industry	Acquisition Type	Price
Dec 12, 2012 Raveld	Accounting	acquisition	—	Detail
Feb 2, 2018 Digital Fuel	Information Technology	acquisition	—	Detail
Oct 3, 2018 FittedCloud	Computer	acquisition	—	Detail
May 16, 2019 Cloudability	Analytics	acquisition	—	Detail
Feb 11, 2021 Targetprocess	Project Management	acquisition	—	Detail