Total amount raised
$47.5 Million
Latest funding date
3/1/2014
Location
Appian has successfully raised funding over two rounds, with the latest being a Venture - Series Unknown round. The company is backed by investors such as New Enterprise Associates and Novak Biddle Venture Partners.
Appian's platform focuses on AI-powered process automation, designed to handle complex workflows and integrate enterprise systems. Keep reading to explore the intricacies of Appian's fundraising journey and the investors backing this innovative platform.
What Is Appian?
Appian, headquartered in McLean, Virginia, is a prominent player in the software industry, specializing in digital transformation, low-code application development, and business process management. The company operates in various sectors, including Business Process Automation (BPA), Data Management, Developer Tools, Enterprise Software, InsurTech, Robotic Process Automation (RPA), and Software.
Founded by Matt Calkins, Appian has grown significantly, boasting an employee count between 1001-5000. The company is publicly traded under the ticker NASDAQ:APPN and is recognized for its AI-powered process automation solutions that cater to diverse industries such as Financial Services, Insurance, Public Sector, and Life Sciences.
How Much Funding Has Appian Raised?
- Series A
- Amount Raised: USD 10,000,000
- Date: July 2008
- Lead Investors: Novak Biddle Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market presence and accelerate product development.
- Series Unknown
- Amount Raised: USD 37,499,994
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its AI-powered process automation capabilities and support further growth.
Appian has raised a total of USD 47,499,994. The current valuation is not publicly disclosed.
Key Investors
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare companies at all stages of growth. Founded in 1977, NEA has a long history of supporting innovative startups and established enterprises.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Robinhood, Coursera, Duolingo
- Novak Biddle Venture Partners
- Details: Novak Biddle Venture Partners is a venture capital firm that focuses on early-stage investments in technology companies. The firm is known for its hands-on approach and strong network in the tech industry.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Blackboard, Brivo, Appian
What's Next for Appian?
Appian's recent $10 million funding marks a significant opportunity for growth, enabling the company to expand its operations and invest in new projects. This financial boost positions Appian to capitalize on the increasing demand for AI-powered process automation across various industries.
Future fundraising opportunities appear promising as the company continues to innovate and enhance its platform. However, Appian may face challenges such as market competition and economic fluctuations. Navigating these hurdles will be crucial for sustaining its growth trajectory and achieving long-term success.
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