Sapho, the US-based creator of a micro app development platform, closed a $9.5m series A round on Wednesday that, according to TechCrunch, included media company Bloomberg.
Venture capital firm Alsop Louie Partners led the round, and TechCrunch reported the other participants included Bloomberg’s Bloomberg Beta unit as well as SoftTech VC, Caffeinated Capital, Morado Ventures and AME Cloud Ventures.
Sapho’s Micro App Platform can be used by businesses to develop and build micro apps, and connects to service apps, databases, data warehouses and internal web services.
The software can run on companies’ existing cloud or data centre infrastructure, integrates system data and monitors system events, notifying users if necessary.
The funds will be used by Sapho to further build on its technology and meet customer demand, while also growing its sales and marketing department.
Sapho previously raised $3m in a 2014 seed round backed by investors including Bloomberg Beta, SoftTech VC, and Brad Jones and Andy Rankin of VC firm Redpoint Ventures.