Total amount raised
$12.1 Million
Latest funding date
06/01/2019
Location
Aptible has successfully raised funding over two rounds, with the latest being a Series A round involving four investors, including Maverick Ventures. The company has garnered support from a total of 12 investors, demonstrating significant interest in its secure and compliant cloud infrastructure solutions.
Keep reading to explore the intricacies of Aptible's fundraising journey and the investors backing this innovative platform.
What Is Aptible?
Aptible, based in San Francisco, California, operates in the Platform as a Service (PaaS) and Software as a Service (SaaS) industries. The company focuses on providing secure, reliable, and compliant cloud infrastructure services, particularly tailored for startups.
Founded by Frank Macreery, Aptible has an employee count ranging from 51 to 100. The platform is designed to help developers launch and scale apps and databases without manual configuration, emphasizing ease of use and high compliance standards.
How Much Funding Has Aptible Raised?
- Seed Round
- Amount Raised: USD 120,000
- Date: August 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their secure and compliant cloud infrastructure services.
- Series A Round
- Amount Raised: USD 12,000,000
- Date: June 2019
- Lead Investors: Maverick Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch Aptible Comply, a security management platform aimed at automating compliance workflows.
Total Amount Raised: USD 12,120,000. Current Valuation: Not publicly disclosed.
Key Investors
- Maverick Ventures
- Details: Maverick Ventures is a private investment firm that manages a series of private investment funds. They were the lead investor in Aptible's Series A funding round.
- Investment Focus Areas: Public and private equity across various sectors.
- Notable Investments: Alibaba, eBay, Facebook.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that invests in internet and software investments. They participated in Aptible's Series A funding round.
- Investment Focus Areas: Internet, software, early and growth-stage companies.
- Notable Investments: Instagram, Stripe, Slack.
- Western Technology Investment
- Details: Western Technology Investment (WTI) is a venture debt firm that provides debt financing to venture-backed companies. They were involved in Aptible's Series A funding round.
- Investment Focus Areas: Technology, life sciences.
- Notable Investments: Facebook, Google, YouTube.
- Tamarind Hill
- Details: Tamarind Hill is an investment firm that focuses on early-stage technology companies. They are one of the investors in Aptible.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
What's Next for Aptible?
With the launch of Aptible Comply, the company is poised to capitalize on the growing demand for automated security and compliance solutions. This opportunity is substantial, given the increasing importance of adhering to regulations like ISO 27001, SOC 2, HIPAA, and GDPR. The $12 million raised in their Series A funding round provides a solid financial foundation to expand their offerings and enhance product features.
Future fundraising opportunities seem promising as Aptible continues to grow and scale its services. The successful Series A round suggests potential for additional funding rounds, which could further accelerate their market reach and product development. However, the company may face challenges such as competition from other providers and the need to keep up with evolving security standards. Ensuring the scalability and reliability of their platforms will be crucial as they navigate these hurdles.
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