whats known and unknown

PaaS player Apprenda nets $16M to expand

on November 22, 2013


Apprenda, the company behind a .NET- and Java-focused platform-as-a-service, now has $16 million in new funding courtesy of a Series C round led by Safeguard Scientifics.

The Clifton Park, N.Y.-based company will use some of its new funding to open a European office and to build strategic alliances with other vendors, said Apprenda CEO Sinclair Schuller.

“We’re starting to get some really big customers — not just Fortune 1000 but Fortune 100 — the only thing holding us back is capital,” he added.

Apprenda has long claimed JPMorganChase(s jpm), Diebold(s dbd), Honeywell(s hon) and Memorial Sloan Ketterling hospital as key accounts; Schuller said the company will announce some other big wins later. Boeing is apparently another customer.

The knock on PaaS as a category has been that many big…

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