# Appian Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appian

- Industry: Software
- Headquarters: Reston, US
- Website: www.appian.com
- Total disclosed funding: $48M
- Latest round: Series B (Feb 21, 2014)
- Investors on record: 2

## About

Appian Corporation is a leading provider of low-code application development and process automation solutions, empowering organizations to enhance operational efficiency and streamline business processes across various sectors.Founded in 1999 and headquartered in Reston, US, Appian Corporation specializes in low-code application development. The company went public in May 2017, raising USD 75 mn in its IPO by selling 6.25 million shares at USD 12 per share. CEO Matt Calkins has been pivotal in driving the company’s vision forward, focusing on innovative solutions to meet evolving market demands.Appian offers a robust suite of low-code application development and process automation solutions designed to enhance operational efficiency across various industries. Their core product, the Appian Platform, enables organizations to design, automate, and optimize business processes through a unified interface. This platform incorporates artificial intelligence elements such as AI agents and generative AI capabilities to support critical workflows. Appian serves a diverse range of sectors including financial services, government, insurance, and healthcare, providing tailored solutions to enhance customer lifecycle management, regulatory compliance, and claims processing. The company’s products are marketed globally, with significant penetration in North America, Europe, and the Asia-Pacific region, effectively addressing the unique challenges faced by clients in these markets.For the most recent fiscal year 2024, Appian reported a revenue of USD 617.02 mn. The company also reported an EBITDA of USD -50.82 mn, indicating the financial dynamics of its operational strategy.Appian plans to leverage its recent IPO funding to enhance its product offerings and expand into new markets. The company is focused on developing new features for the Appian Platform, with an emphasis on integrating advanced AI capabilities. Moreover, Appian aims to penetrate further into European and Asia-Pacific markets by 2025, targeting strategic partnerships to bolster its presence. The capital raised in the IPO will support research and development initiatives, enabling the company to respond effectively to market demands.

## Funding rounds

- Series B, Feb 21, 2014, $38M — New Enterprise Associates
- Series A, Jul 23, 2008, $10M — Novak Biddle Venture Partners

## Investors

- Novak Biddle Venture Partners (https://capitalatlas.ai/funds/novak-biddle-venture-partners) — Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B