UPDATED 09:04 EST / JULY 21 2015

NEWS

Hybrid PaaS startup Apprenda nabs $24 million to take on the big leagues

The latest company to have seized the venture capital community’s seemingly insatiable interest in containers comes outside the ecosystem of Docker Inc. for a change. The Troy, New York-based Apprenda Inc. announced the completion of a $24 million investment this morning that will help fuel the development and marketing of its namesake platform-as-a-service stack.

The software has managed to carve out a niche for itself thanks to a fairly unique combination of features not available from the competition, at least not together. In particular, the Apprenda Platform implements a special form of containerization that can accommodate both modern multi-tenant applications specifically designed to run in cloud settings and more traditional workloads.

That’s a major departure from some of its better-known rivals that, coupled with the fact that the platform is available in a standalone edition that can be deployed behind the firewall, has made Apprenda popular among large organizations balancing old and new in their operations. The list includes household names such as JPMorgan Chase & Co., The Boeing Company and numerous others.

That customer roster is an impressive feat by all accounts, but especially so for a relatively small startup in a market populated almost exclusively by big names like Salesforce Inc., Engine Yard Inc. and EMC Corp. with its open-source Cloud Foundry project. The funding will help Apprenda maintain that edge as the accelerating shift towards the software-as-a-service model drives its rivals to ramp up their own development efforts.

The bulk of the capital came from Safeguard Scientifics, a growth-stage fund that has previously invested in AppFirst Inc. and several other application operations startup, with the remainder split between existing backers Ignition Partners and New Enterprise Associates.  The combined $24 million in funding catapults Apprenda’s total raised well past the $50 million mark.

Photo via Wikipedia

A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.