TechCrunch
August 31, 2010
Apptio, a Bellevue, Washington-based provider of SaaS-delivered Technology Business Management solutions this morning announced that it has closed a $16.5 million Series C round – the company has now raised up to $37.5 million in venture capital.
Dow Jones
August 31, 2010
Its SaaS product has gotten a boost in sales due to expanding budgets and virtualization issues.
PEHUB
August 31, 2010
Sunny Gupta thinks he has discovered an entirely new business category, and he’s apparently having little trouble making his case to customers — or investors.
Puget Sound Business Journal
August 31, 2010
Apptio CEO Sunny Gupta didn't have to raise more cash, since his fast-growing upstart still had money in the bank from a $14 million round last August. But the seasoned entrepreneur decided that another equity round would supercharge the business at a perfect moment in time.
The Seattle Times
August 31, 2010
Seattle enterprise software vendor Apptio raised a whopping $16.5 million in a third round of funding that positions the company to pursue a public offering next. Apptio will use the funding to push into new markets and generally grow its business. It plans to add 30 employees by the end of the year, after hiring 30 since January. It currently has 85 employees.

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