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
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Apptio India Llp
- Date of Incorporation 25 Apr, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $143.8M
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First Round
First Round
(01 Nov 2007)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Debt – Conventional - Apptio | Valuation |
investors |
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| Feb, 2018 | Amount | Post-IPO - Apptio | Valuation |
investors |
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| May, 2013 | Amount | Series E - Apptio | Valuation | Janus Henderson Investors , Hillman Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Apptio
Apptio has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cloudability, Cloudwiry and Digital Fuel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2015 | ||||
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Cloud resources are optimized for cost through machine learning automation.
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2015 | ||||
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Cloud expenses are monitored and analyzed for organizational efficiency.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Apptio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Apptio Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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| domain | founded_year | HQ Location |
AI based cost management platform
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| domain | founded_year | HQ Location |
Cloud spend management software is offered by Spot's platform.
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| domain | founded_year | HQ Location |
SaaS management platform is provided for procurement and IT teams.
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| domain | founded_year | HQ Location |
Infrastructure monitoring is enabled via usage-based billing platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Apptio
Frequently Asked Questions about Apptio
When was Apptio founded?
Apptio was founded in 2007.
Where is Apptio located?
Apptio is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Who is the current CEO of Apptio?
Sunny Gupta is the current CEO of Apptio. They have also founded this company.
Is Apptio a funded 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 E of $45M, raised on Nov 01, 2007.
How many employees does Apptio have?
As of Apr 06, 2024, the latest employee count at Apptio is 406.
What does Apptio do?
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.
How many acquisitions has Apptio made?
Apptio has made 7 acquisitions, including Cloudability, Cloudwiry, and Digital Fuel.
Who are Apptio's investors?
Apptio has 11 investors. Key investors include IBM, T. Rowe Price, Hillman Group, Janus Henderson Investors, and Cisco Investments.
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