What is Apptio?
Founded in 2007, Apptio provides a sophisticated suite of cloud-based enterprise resource planning software designed to optimize IT financial management. By enabling organizations to gain granular visibility into their technology spending, the company facilitates more accurate budgeting, forecasting, and financial analysis. As a leader in the SaaS space, Apptio serves a global B2B clientele, helping them bridge the gap between IT infrastructure costs and business value. Following its 2016 public offering and subsequent acquisition by Vista Equity Partners in 2019, the company continues to refine its platform, maintaining a dominant market position through innovation in financial transparency and technology spend optimization.
How much funding has Apptio raised?
Apptio has raised a total of $2.2B across 7 funding rounds:
Series A
$7M
Series B
$14M
Series C
$16.5M
Series D
$50M
Series E
$45M
Stock Offering
$96M
Private Equity
$1.9B
Series A (2007): $7M with participation from Greylock Partners and Madrona Venture Group
Series B (2009): $14M led by Greylock Partners, Andreessen Horowitz, Shasta Ventures, Madrona Venture Group, Andreessen-Horowitz, and Shasta Partners
Series C (2010): $16.5M supported by Greylock Partners, Shasta Ventures, Madrona Venture Group, Shasta Partners, Andreessen-Horowitz, and Andreessen Horowitz
Series D (2012): $50M featuring Andreessen Horowitz, Shasta Ventures, Madrona Venture Group, T. Rowe Price, and Greylock Partners
Series E (2013): $45M backed by Janus Capital
Stock Issuance/Offering (2016): $96M, investors not publicly disclosed
Private Equity (2019): $1.9B led by Vista Equity Partners
Key Investors in Apptio
Vista Equity Partners
A leading global investment firm that exclusively targets enterprise software, data, and technology-enabled organizations to drive sustainable, long-term value.
Andreessen Horowitz
A prominent private American venture capital firm that provides strategic capital to both early-stage startups and established growth-stage technology companies.
Greylock Partners
A global venture capital firm managing over $2.2 billion, focused on supporting exceptional entrepreneurs in building category-leading companies across various technology sectors.
What's next for Apptio?
Looking ahead, Apptio is positioned to leverage its deep integration within enterprise environments to further capitalize on the increasing demand for digital transformation and cloud cost governance. The strategic backing provided by its investors ensures the company remains at the forefront of the TBM market. Future growth initiatives are expected to focus on scaling its SaaS offerings, enhancing predictive analytics capabilities, and expanding its footprint across international markets. By maintaining its commitment to providing actionable insights for CIOs and financial leaders, Apptio is well-equipped to navigate the evolving complexities of global technology expenditures and sustain its trajectory as a critical component of the modern enterprise tech stack.
See full Apptio company page
