Apprenda PaaS Raises $24M In Series D Funding

Apprenda has raised $24M in new funding in a capital raise led by Safeguard Scientifics with additional participation from New Enterprise Associates and Ignition Partners. Apprenda delivers a .NET and Java PaaS that distinguishes itself from other PaaS platforms by way of greater traction amongst enterprise customers that include the likes of JPMorgan, AmerisourceBergen and McKesson. The funding raise builds upon recent partnerships forged by Apprenda with Microsoft Azure, Piston Cloud Computing (recently acquired by Cisco) and the Cisco Intercloud Marketplace. The capital raise brings the total funding raised by Apprenda to $56M and is intended to enhance Apprenda’s product development and sales operations capabilities. The $24M Series D round also begs the question of whether the company is gearing up for an acquisition, particularly given its branding as an enterprise-grade PaaS that already boasts deep integrations with some of the leading IaaS platforms in the industry.