Apigee Closes $35m in Funding to Meet Demand as Business Transform for the Digital World Built on Apps, Data and APIs

Apigee today announced the completion of a $35 million round of financing led by a new investment from a fund under management by a subsidiary ofBlackRock, Inc (NYSE: BLK). Global consulting, technology and outsourcing company Accenture (NYSE: ACN)  also participated as a new investor in this round, along with current Apigee investors Bay Partners, Focus Ventures, Norwest Venture Partners (NVP), SAP Ventures and Third Point Ventures. Apigee will use the financing to grow global sales and marketing and accelerate expansion of the Apigee platform as organizations of all sizes transform for the new mobile economy built on apps, data and APIs.