Apigee Closes $60 Million in Funding to Meet Accelerating Demand for Digital Business Technologies

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Apigee, developer of the leading platform for digital acceleration, today announced the completion of a $60 million round of financing. Pine River Capital Management and Wellington Management Company participated as new investors in this round, along with current Apigee investors Norwest Venture Partners (NVP), Bay Partners, Third Point LLC, SAP Ventures, funds managed by BlackRock, Focus Ventures, and Accenture. With this financing, Apigee has raised $171 million to date.  Apigee will use the funds to accelerate across all areas of its business to keep up with demand for APIs and big data analytics, as enterprises increasingly embrace these technologies for digital business.

Read the source article at API Management

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