Appcelerator is an enterprise mobile engagement platform provider that enables companies to build, analyze and connect suites of mobile apps. Its platform combines native cross‑platform app development and testing capabilities with real‑time mobile analytics to mobilize and measure data. The company also provides an open source mobile development environment, Titanium. Appcelerator counts over 70,000 mobile apps deployed on more than 225 million devices. In August 2014 the company raised $22M in Series D funding and said it will use the proceeds to increase growth and accelerate adoption of its technology. Led by CEO Jeff Haynie and based in Mountain View, CA, Appcelerator targets enterprise customers seeking to deliver and measure mobile experiences. Appcelerator offers an open-source mobile development environment (Titanium) plus cross-platform developer tools, analytics, performance testing and a mobile-backend-as-a-service to build and monitor apps. The company serves large brands and has partners such as eBay, Merck, Mitsubishi Electric, ZipCar, PayPal, Ray-Ban, SAP and Wipro. It supports an ecosystem of more than 480,000 mobile developers, 55,000 apps and 145 million devices. Appcelerator has grown about 130% year-over-year in sales, and reported more revenue in the first six months of the year than in the previous one. The new funding will be used to build a larger presence in Asia with a regional headquarters, R&D center and data center in Singapore, and to scale product development, sales and support. The company is also looking at potential acquisitions and plans to hire roughly 20 employees in Singapore in addition to its existing ~150 staff. Appcelerator’s flagship offering, Appcelerator Titanium, enables fully native, cross-platform mobile app and HTML5 web development from a single codebase. The company powers over 30,000 cloud-connected mobile, desktop, and web applications and reports Titanium-powered apps on more than 30 million unique devices. Its ecosystem includes 1.6 million developers and the company added 1,000 new customers in the past year. Appcelerator has expanded through acquisitions such as Aptana and Particle Code and grown headcount from 17 to 100 in 12 months. The company plans to use new funding to strengthen and expand the Titanium product line and invest in both consumer and enterprise application development. With over half of demand coming from Europe and Asia, Appcelerator intends to open a UK office and work with TransLink to enter Japan, Korea, and Greater China. Appcelerator provides a platform that lets Web developers rapidly build native iOS, Android, BlackBerry, desktop and iPad applications using Web technologies. The company offers a commerce-focused product called Titanium+Commerce, developed in partnership with PayPal to distribute an integrated mobile commerce solution through PayPal’s merchant channel. Appcelerator plans to use new funding to accelerate growth of its mobile commerce offering, invest in platform development and expand into new markets. The offering is intended to make it easy for PayPal’s merchants and Appcelerator’s Web developers to build native commerce apps across handsets, tablets, connected TVs and other devices. Financially, the company secured a $9M Series B round to support these initiatives. Existing investor participation and a strategic channel via PayPal are key elements of its go-to-market strategy. Appcelerator builds Titanium, an open-source RIA platform that enables web developers to create applications that look and function like desktop programs. The company released the first version of Titanium for Windows and Mac OS and shipped demo apps including Tweetanium and Playtanium. Titanium can bundle its runtime into applications so they do not require a separate runtime installation, and it leverages technologies such as C, C++, Objective C, Win32, Chromium, WebKit and Cocoa as well as a forked version of Google Gears for about 45% of its APIs, which are primarily JavaScript-based. Capabilities highlighted include background notifications, native windowing, file system access, geo-location and offline storage. Appcelerator has generated revenue through its SDK and attracted about 3,000 members to its developer community, which launched last March. The company was founded about two years ago and is based in Mountain View. Later versions of Titanium are planned to assist in developing native mobile applications, presumably for iPhone and Android.

Total raised

$62M

Funding rounds

5

Latest round

Series D

Latest activity

Aug 2014