Total amount raised
$47.5 Millions
Latest funding date
3/1/2014
Location
Appian has successfully raised significant funding over multiple rounds, attracting notable investors such as New Enterprise Associates and Novak Biddle Venture Partners. The company specializes in digital transformation and low-code application development, offering robust solutions for various industries.
Keep reading to explore the intricacies of Appian's fundraising journey and the investors backing this innovative platform.
What Is Appian?
Appian, founded on August 17, 1999, in McLean, Virginia, is a software company specializing in digital transformation and low-code application development. The company was established by Marc Wilson, Matthew Calkins, Michael Beckley, and Robert Kramer.
Appian's platform enables organizations to rapidly develop powerful applications that drive digital transformation and competitive differentiation. The company serves a wide range of industries, helping businesses improve processes, reduce costs, and enhance customer experiences.
With a workforce of 501-1000 employees, Appian continues to innovate in process automation, AI integration, and business process management, maintaining a strong commitment to client success.
How Much Funding Has Appian Raised?
- Series A
- Amount Raised: $10M
- Date: July 2008
- Lead Investors: Novak Biddle Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Venture Round
- Amount Raised: $37.5M
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance platform capabilities.
Total Amount Raised: $47.5M. Current Valuation: Not publicly disclosed.
Key Investors
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare companies at all stages of growth. Founded in 1977, NEA has a long history of supporting innovative startups and helping them scale.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Coursera, Robinhood, Uber.
- Novak Biddle Venture Partners
- Details: Novak Biddle Venture Partners is a venture capital firm that focuses on early-stage investments in technology companies. Established in 1996, the firm has a strong track record of identifying and nurturing high-potential startups.
- Investment Focus Areas: Information technology, cybersecurity, education technology.
- Notable Investments: Blackboard, Sourcefire, Brivo.
What's Next for Appian?
Appian stands at the cusp of significant opportunities, driven by the growing demand for digital transformation and low-code application development. The company is well-positioned to capitalize on these trends, potentially expanding its market reach and enhancing its platform capabilities. This growth could open doors for future fundraising, enabling Appian to secure additional capital to fuel its ambitious projects.
However, the path forward is not without challenges. Appian must navigate a competitive landscape, ensuring it continues to innovate while effectively deploying its resources. Balancing rapid growth with sustainable development will be crucial as the company aims to maintain its edge in the evolving tech industry.
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