# Apptio

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

- Industry: Software
- Headquarters: Bellevue, US
- Website: www.apptio.com
- Total disclosed funding: $133M
- Latest round: Series E (May 3, 2013)
- Investors on record: 8

## About

Apptio, Inc., based in the US, specializes in technology business management solutions, enhancing financial oversight and operational efficiency for IT departments through its innovative software offerings.Founded in 2007 in Bellevue, US, Apptio, Inc. provides technology business management solutions. The company was acquired by Vista Equity Partners in November 2018 in a deal valued at USD 1.94 billion and has made 10 deals since its inception. The CEO and one of the founders is Anuj Chauhan. Apptio's most recent funding round was a TRADE SALE on September 22, 2016, which raised a total of USD 4,600.00 mn from IBM Corporation, equating to the total amount raised.Apptio offers advanced technology business management (TBM) solutions that improve financial management and operational efficiency within IT departments. Their flagship product, the Apptio TBM Unified Model® (ATUM®), standardizes financial data for IT leaders, facilitating better management of technology investments. The platform includes Apptio BI, Datalink, and collaboration tools, helping organizations optimize IT budgets and improve transparency in spending across various sectors, including Fortune 100 companies and public institutions in North America, Europe, and Asia-Pacific.In its most recent year of reporting, 2017, Apptio generated revenue of USD 188.52 mn with an EBITDA of USD -20.10 mn. The company follows a subscription-based revenue model for its SaaS solutions, which cover IT financial management and enterprise agile planning, charging annual licensing fees for products such as IBM Cloudability and Apptio Costing.Apptio plans to leverage recent funding to enhance its platform and expand internationally, specifically targeting markets in Europe and Asia-Pacific by 2019. Following its IPO in September 2016, which garnered USD 96 mn, the company will focus on accelerating growth in the TBM category. The acquisition by Vista Equity Partners is expected to support these initiatives, as they aim to roll out new products and strengthen their market presence.

## Funding rounds

- Series E, May 3, 2013, $45M — T Rowe Price, Hillman Company, Shasta Ventures, Greylock Partners, Madrona Venture Group, Fidelity Investments, Andreessen Horowitz, Janus Henderson Investors
- Series D, Mar 9, 2012, $50M — T Rowe Price, Shasta Ventures, Greylock Partners, Madrona Venture Group, Andreessen Horowitz
- Series C, Aug 20, 2010, $17M — Shasta Ventures, Greylock Partners, Madrona Venture Group, Andreessen Horowitz
- Series B, Aug 12, 2009, $14M — Shasta Ventures, Greylock Partners, Madrona Venture Group, Andreessen Horowitz
- Series A, Nov 15, 2007, $7M — Shasta Ventures, Greylock Partners, Madrona Venture Group

## Investors

- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series A, Series B, Series C, Series D, Series E
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B, Series C, Series D, Series E
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A, Series B, Series C, Series D, Series E
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C, Series D, Series E
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series D, Series E
- Hillman Company — Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series E
- Janus Henderson Investors — Series E