Mobile enterprise app platform Appcelerator today announced a new $12.1 million round of capital led by EDBI to grow its product and establish an Asia Pacific headquarters in Singapore.
With the latest investment, Appcelerator has raised a total of over $63 million. Investors include The Social Internet Fund, Mayfield Fund, Sierra Ventures, Storm Ventures, Relay Ventures, Translink Capital, eBay, and RedHat.
Appcelerator helps enterprises design, build and analyze their mobile applications. Well-known clients include eBay, Merck, Mitsubishi Electric, ZipCar, PayPal and Ray-Ban.
The company is coming off a strong second quarter, which saw 130 percent growth in sales year-over-year. It now boasts over 480,000 mobile developers, 55,000 Appcelerator-powered apps and a reach of 145 million devices, up from 350,000 developers, 50,000 apps and 80 million devices last October.
Though Appcelerator currently lists Beijing, China as its Asia headquarters, the move to Singapore will bring it closer to investors.
“Appcelerator’s Singapore based Asia Pacific headquarters positions them perfectly to capitalize on Asia’s rapidly growing market for enterprise mobile solutions, while gaining access to EDBI’s regional networks,” EDBI President and CEO Swee-Yeok Chu said.
Image credit: iStockphoto
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