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Apptio Accepts $14 Million Series B Venture Capital

Thursday, August 20, 2009 5:53:00 AM PDT | VentureDeal Staff

Seattle, Washington  --  Software as a service company Apptio has garnered $14 million in its second round of institutional venture capital investment.

Apttio has developed software technology that helps companies enable their IT departments to optimize their services and operations.

Investors in the round included Madrona Venture Group, Greylock Partners, Shasta Ventures and Andreessen Horowitz.  The company did not disclose how the funding proceeds would be used.

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