US-based cloud computing technology developer Appirio, previously backed by cloud computing company Salesforce, received $35m in series E funding from investment advisor Fidelity Management & Research on Thursday.
Founded in 2006, Appirio has developed a range of applications on Salesforce’s AppExchange, and helps companies to move applications to the public cloud. Its customers include drinks producer Coca Cola, online auction company eBay, and social media network Facebook.
Appirio has raised about $110m to date. Salesforce was an investor in its $1.1m series A round and $5.6m series B, both raised in 2008, as well as its $10m series C round in 2009. Other investors include General Atlantic, Sequoia Capital and GGV Capital, all of which contributed to a $60m series D round in 2012.
The latest cash injection will be used to support global expansion and strengthen the Appirio Services Platform. Fidelity Management & Research is a subsidiary of financial services firm Fidelity Investments.
Chris Barbin, chief executive of Appirio, said: “Traditional consulting models have not evolved much in the last 20 years. They have become unnecessarily complex and have not kept pace with today’s cloud economy.
“Appirio offers a fundamentally different approach to solving business problems. This new funding validates our leadership position and our track record in the market.”