Enterprise app bods Capriza raise $27m in series C funding

Picture credit: iStockPhoto

Capriza, a company which helps enterprises mobilise their apps, has secured $27M in series C funding.

The latest round was headed up by existing investors Andreessen Horowitz and Charles River Ventures, alongside Harmony Partners, Allen & Company and Tenaya Capital.

“Capriza’s breakthrough approach to mobile applications gives enterprises ten times more mobility at less than one tenth the cost,” said Ben Horowitz. “As an investor, that got me extremely excited.”

The mission statement of Capriza is a simple one. Enterprise employees need fast mobile apps to improve their productivity, but not all employers are able to provide that. The consumerisation of IT is taking effect, but for some employers, it’s extremely difficult to

“It’s clear that Capriza’s SaaS offering fundamentally disrupts the speed and economics of taking businesses mobile,” said Tenaya Capital’s Brian Melton. “Capriza’s unparalleled approach enables companies to catapult into the modern mobile era, at a fraction of the time and at a fraction of the cost,” he added.

Capriza, which was formed from the executives of Mercury Interactive, acquired by HP in 2006, is building up its list of customers, including Brocade, DIRECTV, Marvel, and Olympus.

“The founders’ proven track record and deep enterprise expertise is outstanding,” said Izhar Armony of Charles River Ventures. “Capriza’s team excels at tackling long-standing, unresolved problems facing enterprise companies.”

 

https://www.iottechexpo.com/northamerica/wp-content/uploads/2018/09/all-events-dark-text.pngInterested in hearing industry leaders discuss subjects like this and sharing their use-cases? Attend the co-located IoT Tech Expo, Blockchain Expo, AI & Big Data Expo and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London and Amsterdam and explore the future of enterprise technology.

Related Stories

Leave a comment

Alternatively

This will only be used to quickly provide signup information and will not allow us to post to your account or appear on your timeline.