Appian Raises $37.5M in Series B
Appian has successfully raised $37.5M in a Series B at a $2.8B valuation led by New Enterprise Associates.
Company Overview
Appian is a Enterprise Software company headquartered in McLean, VA, founded in 1999 with 1500+ employees.
Low-code automation platform
Fundraising Details
- Amount Raised: $37.5M
- Round Type: Series B
- Valuation: $2.8B
- Date: 2024-08-01
- Investors: New Enterprise Associates
About Appian
Low-code automation platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: McLean, VA
- Founded: 1999
- Team Size: 1500+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Appian's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Appian's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.8B valuation marks an important milestone for Appian, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Appian is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-08-01. For more information about Appian, visit their headquarters at McLean, VA.
