AAA Apollo GraphQL inputs $130m

Apollo GraphQL inputs $130m

Next47, a corporate venturing subsidiary of industrial equipment and appliance provider Siemens, has featured in a $130m series D round for US-based software developer Apollo GraphQL.

Insight Partners led the round, which also included Andreessen Horowitz, Matrix Partners, Trinity Ventures and private investor Hatim Shafique.

The business has been valued at over $1.5bn through the round and has amassed at least $183m of funding to date.

Apollo is focused on building GraphQL technology used by software engineers to develop unified graphs to speed up and improve software development.

GraphQL is a data query language for application programming interfaces that was developed by internet company Facebook in 2012 before it was made open source in 2015.

The company claims that its graph platform processes more than 6 billion queries on daily basis.

Geoff Schmidt, co-founder and CEO of Apollo GraphQL, said: “Every company will need a graph strategy to keep pace in the digital era the same way they need a cloud strategy. This round is a win for all application developers, who can expect increased support for our open-source community, as well as our forward-looking customers.”

Apollo raised $22m in a growth funding round co-led by Andreessen Horowitz and Matrix Partners in June 2019 that also included Trinity Ventures and Webb Investment Network.

Apollo, then known as Meteor Development Group, received $20m in a 2015 series B round led by Matrix Partners with contributions from Andreessen Horowitz and Trinity Ventures.

Andreessen Horowitz led an $11.2m series A round for the company in 2012 that featured Matrix Partners and undisclosed additional investors.