Apptio (not to be confused with Appirio) Closes $50 Million Series D Round

Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that it has closed a $50 million Series D funding round. Certain investment strategies managed by T. Rowe Price Associates, Inc. led the round and were also joined by existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group and Shasta Ventures. The new round of capital will be used to further invest in the development of the company's TBM platform, expand market penetration, drive customer success, and maintain its independence as the industry's trusted provider of TBM solutions. The Series D round brings the total amount raised by Apptio to $91 million. In addition, the company also announced it has appointed current Apptio Board Member Tom Bogan as Chairman of the Board. Bogan is currently Chairman of the Board for Citrix (CTXS) and serves as an independent Director for PTC (PMTC), in addition to several other private companies. "Apptio has pioneered the creation of a new enterprise SaaS category for CIOs that enables them to manage the business of technology and clearly communicate its value to the enterprise," said John O'Farrell, general partner for Andreessen Horowitz. "This is a winning team that knows how to execute at scale. We are delighted to be participating in this latest funding round."

Appirio Raises $60 Million Led by General Atlantic

Appirio, a technology-enabled services provider that helps enterprises power their business with the cloud, today announced that it has closed $60 million in Series D funding led by global growth investor General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital. Appirio plans to use the funds for investment and M&A to support global expansion of its consulting practice areas, as well as to build out the company's enabling cloud technology and acceleration of its successful crowdsourcing development platform -- CloudSpokes. "Appirio is defining what a next-generation technology services provider will be in the era dominated by cloud solutions," said Gary M. Reiner, operating partner, General Atlantic and former CIO, General Electric. "The company's unique combination of technology and crowdsourcing -- along with their cloud focus and experienced team -- have the potential to completely disrupt the $793 billion worldwide Global Systems Integrator market." "Twitter is redefining an industry and wants to work with service providers that are agile enough to evolve and define our business processes," said Adam Bain, president of global revenue, Twitter. "Appirio has become a trusted adviser and partner, helping us scale our operations and execute solutions as quickly as we can think of them."

Marc Andreessen, co-founder of Andreessen Horowitz, talks about technology and venture capitalism. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Dollarshaveclub.com - viral marketing done right

"I'm no Vanderbilt, but this train makes hay"

Scott McNealy's Social Engagement Service, Wayin Raises $14 Million

Wayin (pun: "weigh-in"), a social engagement service, today announced it has closed its Series B funding round with $14 million raised. Founded in November 2010 by Sun Microsystems founder Scott McNealy and Scott Johnston, the company has raised $20 million. U.S. Venture Partners led the Series B round with Rick Lewis, partner at USVP, joining the Wayin board of directors.

"Wayin enables a one-to-many conversation among people, companies and states," said McNealy. "We bring brand engagement to a whole new level which is why we were able to attract such an all-star group of investors."

Wayin is a new mobile engagement service developed by Scott McNealy, founder of Sun Microsystems. Utilizing the free Wayin app on their mobile devices, users post images and questions that will spark humorous, passionate and lively debate among the global Wayin community. As soon as a Wayin user posts content, he or she will receive an instant pulse of other people's sentiment about an entertaining topic. Wayin allows users around the world to connect with each other in real-time, giving them a gaming platform to share instant feedback on items that are most important to them and their friends. More importantly, all Wayin users know their voice will be heard - and their "vote" will be counted - anytime, anywhere.

Scott McNealy - Chairman

Scott McNealy co-founded Sun Microsystems, Inc. in 1982, serving as Chief Executive Officer and Chairman of Sun's Board of Directors for 22 years. During his tenure at Sun McNealy drove the company's innovation in open, network computing, and he helped transform Sun from a Silicon Valley start-up to a leading provider of network computing infrastructure with more than 30,000 employees worldwide.