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Appcelerator Secures $15 Million in Funding Led by Mayfield, TransLink, and Red Hat to Fuel Global ExpansionMOUNTAIN VIEW, Calif. --(Business Wire)-- Appcelerator®, the leading integrated mobile platform for rapidly developing native and HTML5 mobile web applications using open web technologies, today announced that it has secured $15 Million in funding from companies including Mayfield Fund, TransLink Capital, Red Hat, eBay Inc., Sierra Ventures, and Storm Ventures (News - Alert). Proceeds will fund expansion into Europe and Asia as well as continued investments in the company's flagship mobile development platform, Appcelerator Titanium™. The company also announced today that it is now the largest 3rd-party publisher in the Apple (News - Alert) and Android marketplaces with over 30,000 mobile apps on 30 million devices in its portfolio. "Appcelerator has become the agent of change for Fortune 500 companies looking to make a strategic move to mobile," explained Navin Chaddha, managing director, Mayfield Fund. "We see the Appcelerator's world-class integrated mobile platform as essential to overcoming increasing levels of fragmentation that currently challenge the entire mobile industry." "The alliance of Appcelerator's leading mobile platform with Red Hat's (News - Alert) Platform-as-a-Service, OpenShift, lets developers create an exciting world of mobile applications that engages users and scales easily. We are working to make the experience of using these two products together optimally beneficial to users," said Issac Roth, PaaS Master at Red Hat. More information on Appcelerator and Red Hat's strategic partnership is available here: http://red.ht/appcelerator-openshift-funding. A Year of Explosive Growth Since Appcelerator's last round of funding in October 2010, the company has been on a rapid growth trajectory. In 12 months, Appcelerator has progressed by an order of magnitude in every area:
Appcelerator plans to use its new funding to strengthen and expand its core Titanium product line. Last week, the company announced it acquired Particle Code to add HTML5 mobile web and gaming capabilities to the platform and additional investments are planned for both consumer and enterprise application development. With over half of its demand coming from Europe and Asia, Appcelerator plans to open a UK office in Q1, and is working with TransLink to enter Japan, Korea, and Greater China. "The international demand for Appcelerator's products is enormous," described Toshiya Otani, managing director, TransLink Capital. "Android and iOS are surging in Asian markets and there's a need by large OEMs, Systems Integrators, and multi-nationals in Asia to align themselves strategically with Appcelerator. We are actively working with Appcelerator to secure major international strategic partnerships that have a global footprint." Including its earlier Series A and B rounds, Appcelerator has secured $31.5 million in funding. About Appcelerator Appcelerator is the leading enterprise-grade, cross-platform development solution on the market today, with over 1.6 million developers using its software to power over 30,000 cloud-connected mobile, desktop, and web applications used on 30 million devices every day. The company's flagship offering, Appcelerator Titanium, is the only mobile cloud platform to enable fully native, cross-platform mobile app and HTML5 web development, from a single codebase. Appcelerator's customers can leverage their existing skills and open, industry standard technologies to decrease time-to-market and development costs, increase customer adoption and revenues, and enjoy greater flexibility and control. For more information, please visit www.appcelerator.com. Appcelerator and Particle Code are registered trademarks of Appcelerator Inc. Appcelerator Titanium is a trademark of Appcelerator Inc. All other trademarks and copyrights are the property of their respective owners
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