October 01, 2010
Apptio, a Bellevue, Washington-based provider of SaaS delivered Technology Business Management (TBM) solutions has closed a $16.5 million Series C round funding. The financing round was led by Shasta Ventures, with participation from all the current investors including Andreessen Horowitz, Greylock Partners and Madrona Venture Group.
October 01, 2010
Since December 2007, 8.4 million American jobs have vanished, leaving the country's unemployment rate stuck at an alarming 9.6%. Yet, many U.S. companies -- particularly small ones -- are hiring, to the tune of 723,000 new workers in 2010.
September 23, 2010
Here's a bit of depressing news for anyone who believes that Seattle has what it takes to become a top startup hub. I just spent the past 10 minutes browsing Alley Insider's annual list of the 100 most valuable Internet startups in the world. And guess what? It's not pretty picture for the rain-soaked entrepreneurs of the Pacific Northwest.
September 15, 2010
Just two weeks after raising $16.5 million in venture capital financing, Apptio is back in the news with the appointment of a big-name director to its board. Rajeev Singh, the president and chief operating officer at Redmond-based Concur, says that he plans to help the fast-growing software startup take advantage of growth opportunities in the new role.
September 02, 2010
Venture capital can be a brutal, brutal game. Just ask John Connors, the former Microsoft chief financial officer who now serves as a partner at Ignition Partners in Bellevue. Ignition had the foresight to bankroll one of the Seattle area's most promising up-and-comers when it invested in Apptio. But when Apptio announced its $16.5 million third round of financing this week, Ignition was nowhere to be found. What happened? Quite simply, Connors admits that he screwed up.