About Apptio
Apptio is a Technology company based in Bellevue (United States) founded in 2007 by Kurt Shintaffer and Sunny Gupta, and was acquired by IBM in June 2023. Cloud spending is managed for enterprises through a specialized platform. Apptio has raised $136 million across 8 funding rounds from investors including IBM, T. Rowe Price and Hillman Group. The company has 406 employees. Apptio has completed 7 acquisitions, including Cloudability, Cloudwiry and Digital Fuel. Its chief executive, as recorded, is Sunny Gupta. Its website apptio.com draws about 228 thousand monthly visits. Its Indian entity Apptio India Llp reported revenue of ₹134 Cr. Its focus areas include Enterprise Infrastructure, IT Operations, ITFM and IT Expense Management. Its competitors include Flexera, Spot and Vendr; 3 of its 3 listed competitors have raised funding.
Company details
Apptio was founded in 2007 in Bellevue, United States, and operates in the cloud financial management sector. Multi-cloud, hybrid, and SaaS infrastructures are connected to enable cost monitoring and control. Spending is allocated across products, cost centers, and business units. Additional services encompass IT planning, resource management, and program management for enterprise needs.
- Headquarters Bellevue, United States
- Employees 406
- Founders Kurt Shintaffer, Sunny Gupta
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website apptio.com
- Social LinkedIn X
- Acquired by IBM (Jun 2023)
- Legal Name Apptio India Llp
- Date of Incorporation 25 Apr, 2019
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹134 Cr
FY 2023 · +29% YoY
- Indian entity net profit₹13.03 Cr
FY 2023 · 10% margin
- Indian entity EBITDA₹23.94 Cr
FY 2023 · 18% margin
- Total Equity Funding$136M (USD)
in 8 rounds
- Latest Funding Round$143.75M (USD), Debt – Conventional
Mar 2018
- InvestorsIBM
& 10 more
- Employee Count406
- Investments & AcquisitionsCloudability
& 6 more
- Acquired by
Associated legal entities of Apptio
Apptio operates through Apptio India Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Apptio India Llp CIN AAP-0777 | Active | 25 Apr 2019 | Bangalore, Karnataka | ₹134 Cr | 406 | 2 | View details |
Funding Insights of Apptio
Apptio has successfully raised a total of $136M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $143.75 million completed in March 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $136M
- Total Rounds 8
- Last Round Debt – Conventional — $143.75M
- First Round $7M
(Nov 2007)
- Investors Count 9
All 8 funding rounds of Apptio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2018 | $143.75M | Debt – Conventional | – | – | – |
| Feb 2018 | $4.62M | Post-IPO | – | – | – |
| May 2013 | $45M | Series E | – | Janus Henderson Investors, Hillman Group | |
| Mar 2012 | $50M | Series D | – | T. Rowe Price | |
| Nov 2010 | $3.5M | Series C | – | – | |
| Aug 2010 | $16.5M | Series C | – | Shasta Ventures | |
| Aug 2009 | $14M | Series B | – | a16z, Shasta Ventures | |
| Nov 2007 | $7M | Series A | – | Greylock, Madrona Venture Group | – |
11 investors in total: 11 institutional.
Investors in Apptio
Apptio has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include IBM, T. Rowe Price and Hillman Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond. | madrona.com | |||
Venture capital firm investing in early stage startups | shasta.vc | Portola Valley, United States | ||
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
Investments in enterprise software sectors are made by Ignition Partners. | ignition.vc | Los Altos, United States | ||
Multiple sectors are targeted for venture capital investments. | 1934 | janushenderson.com | London, United Kingdom | |
Investments are directed toward high-growth enterprise software and technology companies. | vistaequitypartners.com | Austin, United States | ||
Diversified asset management services are provided to investors globally. | 1937 | troweprice.com | Baltimore, United States | |
Hardware and home improvement products are supplied to retail markets. | 1964 | hillmangroup.com | Cincinnati, United States |
Investor details for Apptio
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Apptio India Llp (Apptio)
Apptio India Llp is the primary company behind Apptio. The board of Apptio India Llp currently have 2 directors; the longest-serving is Subhendu Chatterjee, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subhendu Chatterjee DIN 10593939 | Designated Partner | 26 Apr 2024 | 2 yrs 6 mo | Apptio India Llp |
| Chayanika Kataria DIN 11046718 | Designated Partner | 24 Oct 2025 | 1 yr | Apptio India Llp |
People of Apptio
26 people are tracked at Apptio (4 in leadership, 22 in team); the tracked headcount is 406.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sunny Gupta | Co-Founder & CEO | Leadership |
Cassie Cheatham | Head Of Partner And Marketing Analytics | Leadership |
Ajay Patel | General Manager | Leadership |
Sandeep R. Shetty | Operations Manager - Customer Success | Team |
Nitin Kumar | Leader , Recruiting | Team |
Manabu Kasai | Customer Success Manager | Team |
Verena S. | Customer Success Manager | Team |
Yuliya O. | Strategic Agile Customer Success Advisor | Team |
Brett Yates | Sr Premier Customer Success Manager II | Team |
Nicky Mathew | Customer Success Manager | Team |
Michaelene Sutachan | Manager, APAC Customer Success | Team |
Jan-Willem Ligthart | TBM Customer Succes Advisor | Team |
Weston Miller | Customer Success Manager | Team |
Casey Skibo | Sr. Manager, Customer Success | Team |
Jeevan Ks | Premier Customer Success Manager | Team |
Courtney Duckett | Customer Success Manager | Team |
Govind Kulkarni | Support Manager | Team |
Laura Pavesi | Senior Customer Success Manager | Team |
Robert Houck | Technical Support Engineer | Team |
6 more people are available in the full profile.
Complete people profiles for Apptio
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Financials of Apptio
Figures of Apptio India Llp, the primary company behind Apptio, for FY 2023. Revenue was ₹134 Cr (+29% year on year). Net profit was ₹13.03 Cr (10% margin). EBITDA was ₹23.94 Cr (18% margin). Revenue has grown at a compounded annual rate of +83% over three years.
- ₹134 CrRevenue · FY 2023 · +29% YoY
- ₹13.03 CrNet profit · 10% margin
- ₹23.94 CrEBITDA · 18% margin
- 406Employees (provident fund records)
- +83%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Apptio India Llp are on its company page.
Detailed financial statements for Apptio
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Apptio
Apptio has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cloudability, Cloudwiry and Digital Fuel.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based financial planning solutions are provided for businesses. | cloudwiry.com | Austin, United States | 2015 | Jan 2023 | •••• | |
Agile project management software for Scrum and Kanban is offered. | targetprocess.com | Amherst, United States | 2004 | Feb 2021 | •••• | |
Cloud expenses are monitored and analyzed for organizational efficiency. | cloudability.com | Portland, United States | 2011 | May 2019 | •••• | |
Cloud resources are optimized for cost through machine learning automation. | fittedcloud.com | Acton, United States | 2015 | Oct 2018 | •••• | |
IT financial management and planning software is provided. | digitalfuel.com | Los Angeles, United States | 2000 | Feb 2018 | $43M | |
Digital fuel solutions are developed in the technology sector. | digifuel.com | San Mateo, United States | 2000 | Jun 2017 | •••• | |
Costs and performance of public cloud services are optimized. | raveld.com | Seattle, United States | 2011 | Dec 2012 | •••• |
Complete acquisition details for Apptio
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Timeline of Apptio
14 dated milestones of Apptio across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Apptio is founded.
- Funding First funding round of $7.0M.
- Acquisition Acquires Raveld.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Digital Fuel Technologies.
- Acquisition Acquires Digital Fuel.
- Funding Latest funding round, Debt – Conventional, of $143.8M.
- Acquisition Acquires FittedCloud.
- Exit Acquired by Vista Equity Partners.
- Acquisition Acquires Cloudability.
- Acquisition Acquires Targetprocess.
- Acquisition Acquires Cloudwiry.
- Exit Acquired by IBM.
- Exit Acquired by IBM.
Competitors of Apptio
Apptio has 3 listed competitors in our database, 3 of them funded. They include Flexera, Spot and Vendr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexera.com | 2008 | Itasca, United States | $5.76M | 755 | Cloud management solutions are delivered via an online IT platform. | |
| spot.io | 2015 | San Francisco, United States | $35M | Cloud spend management software is offered by Spot's platform. | ||
| vendr.com | 2018 | Boston, United States | $216.15M | 180 | SaaS management platform is provided for procurement and IT teams. |
Detailed competitors of Apptio
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- Full competitor set
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Web traffic of Apptio
The website of Apptio (apptio.com) receives about 228.2K visits a month.
- Monthly visits228.2K
▲ 12.6% vs previous month
Websites whose visitors overlap most with Apptio. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| techendeavour.com | 100% | View details | |||
| cabotsolutions.com | 100% | #3,156,495 | View details | ||
| mofuse.com | 100% | View details | |||
mobilt-bredbaand.dk | mobilt-bredbaand.dk | 100% | – | ||
| sandvine.com | 97% | 123K | #241,313 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Apptio
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Apptio (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Apptio
Complete news archive for Apptio
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Frequently Asked Questions about Apptio
Apptio was founded in 2007.
Apptio is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Sunny Gupta is the CEO of Apptio, as recorded in our data. They have also founded this company.
Apptio is a funded company, having raised a total of $136M across 8 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Nov 2007.
Apptio has 406 employees.
The primary company behind Apptio, Apptio India Llp, reported revenue of ₹134 Cr for FY 2023, up 29% year on year.
Apptio was founded in 2007 in Bellevue, United States, and operates in the cloud financial management sector. Multi-cloud, hybrid, and SaaS infrastructures are connected to enable cost monitoring and control. Spending is allocated across products, cost centers, and business units. Additional services encompass IT planning, resource management, and program management for enterprise needs.
Apptio has made 7 acquisitions, including Cloudability, Cloudwiry, and Digital Fuel.
Apptio has 11 investors. Key investors include IBM, T. Rowe Price, Hillman Group, Janus Henderson Investors, and Cisco Investments.
Apptio operates through Apptio India Llp.
Yes. Apptio was acquired by IBM in June 2023.