US-based software company Red Hat has joined US-based on-line marketplace eBay, backing US-based mobile application development company Appcelerator, as part of a $15m fundraising today.
Appcelerator said the C round was led by Red Hat and venture capital firms Mayfield Fund and Translink Capital.
eBay as well as venture firms Sierra Ventures and Storm Ventures, all existing investors in Appcelerator, also backed the round. Appcelerator said the latest fundraising takes it to $31.5m of venture funding raised in its history.
Appcelerator’s A round raised $4.1m in December 2008 and its B round raised $9m in October 2010.
Appcelerator said the round would be used to fund expansion into Europe and Asia as well as to invest in its mobile development platform, Appcelerator Titanium.
Appcelerator said in the statement announcing the fundraising it had become the largest mobile development platform for Apple and Android with more than 30,000 mobile apps on 30 million devices. The number of devices using Appcelerator products has increased 12-fold since last year, Appcelerator added.
Appcelerator has grown from 17 employees to 100 in 12 months and has signed 1,000 new customers in the past year, a tenfold increase on last year.
Issac Roth, PaaS Master at Red Hat, said: "The alliance of Appcelerator’s leading mobile platform with Red Hat’s leading platform-as-a-service lets developers create an exciting world of mobile applications that engage users and scale seamlessly. We are working to make the experience using these two products together an easy-to-use and powerful one for companies of any size."