When was Apptio founded?

Apptio was founded in 2007 and raised its 1st funding round within a year of its incorporation.

Where is Apptio located?

Apptio is headquartered in Bellevue, United States.

How many employees does Apptio have?

As of Mar 31, 2026, the latest employee count at Apptio is 1306.

Is Apptio a funded company?

Apptio is a funded company, having raised a total of $136M across 8 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Nov 2007.

How much is Apptio worth?

The last known valuation of Apptio was $***** as of Nov 11, 2018.

When was the latest funding round of Apptio?

Apptio's latest funding was a $***** Conventional Debt round on Mar 23, 2018, with participation from 0 investor.

What is the annual revenue of Apptio?

Annual revenue of Apptio is $189M as on Dec 31, 2017.

Where does Apptio rank among its competitors?

Apptio ranks 1st amongst 251 active competitors, of which 61 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Orb, which secured $25M in Sep, 2024.

Who are the top competitors of Apptio?

Apptio's top competitors include Anodot, Zluri and Flexera. Among them, Orb secured the most recent funding round in September, 2024.

Apptio - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cloud spend management platform for enterprises. It enables users to connect multi cloud, hybrid, or saas infrastructure with cloud financial management solutions to monitor and control the costs. It allows users to allocate cloud spending across products, cost centers, business units, and more. Offering includes IT planning, resource management, program management, and more.

Website: www.apptio.com/
Social
Email ID: *****@apptio.com
Phone Number: +1 **********

Key Metrics

Founded Year

2007

Location

Bellevue, United States

Stage

Acquired

Total Funding

$136M in 8 rounds

Latest Funding Round

Conventional Debt, Mar 23, 2018, $*****

Last Known Valuation

$***** as on Nov 11, 2018

Investors

Shasta Ventures & 14 more

Ranked

1^st among 251 active competitors

Annual Revenue

$189M as on Dec 31, 2017

Employee Count

1,306 as on Mar 31, 2026

Investment & Acquisitions

Cloudwiry & 10 more

Similar Companies

Anodot & 313 more

Exit Details

Acquired by IBM (Jun 26, 2023)

View Apptio's full profile

Apptio is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
APPTIO NORDICS ApS CIN: 35234888 , Denmark, Active	Apr 17, 2013	-	9 (As on Apr 30, 2024)
APPTIO INC CIN: 1419625 , United States, Active	Oct 01, 2007	$189M (As on Dec 31, 2017)	-	-

Apptio got acquired by IBM on Jun 26, 2023. It was facilitated by Qatalyst Partners and Guggenheim Securities.

Click here to take a look at Apptio's acquisition in detail

Apptio has raised a total funding of $136M over 8 rounds. Its first funding round was on Nov 2007. Apptio has 15 institutional investors.

Here is the list of recent funding rounds of Apptio:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 23, 2018	7451307	Conventional Debt	3141909	5694270	5121821	2674496
Feb 16, 2018	6495584	Post IPO	5918359	7688048	6982370	8880391
May 14, 2013	2055616	Series E	1429529	4917826	Janus Henderson Investors & 1 more	Andreessen Horowitz & 4 more

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View details of Apptio's funding rounds and investors

The founders of Apptio are Sunny Gupta, Paul Mclachlan and Kurt Shintaffer.

Here are the details of Apptio's key team members:

Sunny Gupta: Former Co-Founder of Apptio and founder of 2 other companies, panOpen and iConclude. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 2 email addresses
Paul Mclachlan: Co-Founder & CTO of Apptio.
Kurt Shintaffer: Co-Founder of Apptio and founder of 1 other company.
Contact Info: 1 email address

View details of Apptio's Founder profiles and Board Members

Apptio's employee count trend

Apptio has 1,306 employees as of Mar 26. Here is Apptio's employee count trend over the years:

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Top competitors of Apptio include Anodot, Zluri and Flexera. Here is the list of Top 10 competitors of Apptio, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Apptio 2007, Bellevue (United States), Acquired	Cloud spend management platform for enterprises	$136M	Harvest Growth Capital, Akkadian Ventures ... & 13 others	75/100
2nd	Anodot 2014, Ra anana (Israel), Acquired	AI based cost management platform	$65.5M	Redline Capital Management, Aleph & 7 others	71/100
3rd	Zluri 2020, San Francisco (United States), Series B	Provider of SaaS management, access management, and access review solutions	$32.5M	Endiya Partners, Kalaari Capital & 30 others	69/100
4th	Flexera 2008, Itasca (United States), Acquired	Provider of IT management solutions for cloud, SaaS, and data centers	$5.76M	Numeta Capital, Ares Capital Corporation & 5 others	68/100
5th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Menlo Ventures & 16 others	67/100
6th	Orb 2019, San Francisco (United States), Series B	Platform offering infrastructure monitoring solutions	$44.1M	Menlo Ventures, Mayfield & 16 others	65/100
7th	Virtana 2008, San Jose (United States), Series C	AI based infrastructure management solution	$140M	Atalaya Capital Management, HighBar Partners ... & 6 others	64/100
8th	Spot 2015, San Francisco (United States), Acquired	Provider of IT management solutions for cloud, SaaS, and data centers	$63M	Highland Europe, Vertex Ventures & 9 others	64/100
9th	BetterCloud 2011, New York City (United States), Series G	SaaS applications management solutions provider	$187M	Greycroft, Tribeca Venture Partners & 14 others	64/100
10th	Exostellar 2018, Ithaca (United States), Series A	Platform offering cloud spend management solutions	$33M	Celesta Capital, Cambium Capital Partners ... & 5 others	62/100

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Looking for more details on Apptio's competitors? Click here to see the top ones

Apptio has made 1 investments in companies including FinOps. Apptio has also acquired 10 companies including Cloudwiry and Targetprocess.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 09, 2023	Acquisition	Cloudwiry	2015	Austin (United States)
Feb 11, 2021	Acquisition	Targetprocess	2004	Amherst (United States)
Aug 20, 2020	Investments	FinOps	2019	San Francisco (United States)