TMCnet
September 01, 2010
Looking to fasten growth into new markets and capitalize on the untapped market opportunity for its solutions, Apptio, a provider of on-demand Technology Business Management (TBM) solutions, has announced an oversubscribed $16.5 million series C round of funding led by Shasta Ventures.
PEHUB
August 31, 2010
Sunny Gupta thinks he has discovered an entirely new business category, and he’s apparently having little trouble making his case to customers — or investors.
Puget Sound Business Journal
August 31, 2010
Apptio CEO Sunny Gupta didn't have to raise more cash, since his fast-growing upstart still had money in the bank from a $14 million round last August. But the seasoned entrepreneur decided that another equity round would supercharge the business at a perfect moment in time.
The Seattle Times
August 31, 2010
Seattle enterprise software vendor Apptio raised a whopping $16.5 million in a third round of funding that positions the company to pursue a public offering next. Apptio will use the funding to push into new markets and generally grow its business. It plans to add 30 employees by the end of the year, after hiring 30 since January. It currently has 85 employees.
Northwest Innovation
August 31, 2010
Seattle-based Apptio said this morning that it has raised $16.5M in a Series C funding round. The round was led by Shasta Ventures, and also included current investors Andreessen Horowitz, Greylock Partners and Madrona Venture Group.

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