About Apptio
Apptio is a company based in Bellevue (United States) founded in 2007 by Kurt Shintaffer and Sunny Gupta was acquired by IBM in June 2023. Apptio has raised $136 million across 8 funding rounds from investors including IBM, T. Rowe Price and Hillman Group. The company has 406 employees as of April 06, 2024. Apptio has completed 7 acquisitions, including Cloudability, Cloudwiry and Digital Fuel. Apptio operates in a competitive market with competitors including Flexera, Anodot, Spot, Vendr and Orb, among others.
- Headquarter Bellevue, United States
- Employees 406 as on 06 Apr, 2024
- Founders Kurt Shintaffer, Sunny Gupta
- Stage Public
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Apptio India Llp
- Date of Incorporation 25 Apr, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$136 M (USD)
in 8 rounds
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Latest Funding Round
$143.75 M (USD), Debt – Conventional
Mar 23, 2018
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Investors
IBM
& 10 more
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Employee Count
406
as on Apr 06, 2024
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Investments & Acquisitions
Cloudability
& 6 more
- Acquired by
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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.
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.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Venture capital firm specializing in early-stage tech investments and founder support.
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Investor details for Apptio
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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.
Investment portfolio details for Apptio
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based financial planning solutions are provided for businesses.
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Cloud resources are optimized for cost through machine learning automation.
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Cloud expenses are monitored and analyzed for organizational efficiency.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Apptio
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- Transaction dates
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Apptio
Detailed financials for Apptio
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Apptio Comparisons
Peer comparison for Apptio
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Competitors of Apptio
Apptio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flexera, Anodot, Spot, Vendr and Orb, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud management solutions are delivered via an online IT platform.
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AI based cost management platform
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Cloud spend management software is offered by Spot's platform.
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SaaS management platform is provided for procurement and IT teams.
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Infrastructure monitoring is enabled via usage-based billing platform.
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Detailed competitors of Apptio
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Latest news on 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 current CEO of Apptio. They have also founded this company.
Apptio is a funded company, having raised a total of $136M across 8 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Apptio is 406.
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.