Appirio and the Cloud Computing Market Continue to Grow and Attract Investment in a Tough Economy
SAN MATEO, CA.—February 25, 2009—Today Appirio (www.appirio.com), a leading on-demand products and professional services company, today announced that it has secured $10 million in Series C financing from GGV Capital and Sequoia Capital, which will be used to further invest in product development, go-to-market strategies and services to help businesses confidently move to cloud computing. Appirio also plans to use the money to invest in and expand strategic partnerships. Today’s funding follows a Series B investment of $5.6 million led by Sequoia Capital in July 2008. In total, Appirio has raised $16.7 million in funding.