Apptio
Bellevue, Washington, United States
Valuation
$1.9B
2018 Revenue
$188.5M
Customers
37K
Funding
$261M
Avg ACV
$5.1K
Team · 2023
1K
Founded
2007
Apptio Revenue, Valuation & Funding (2018)
Apptio is a cloud-based software company that offers technology business management (TBM) solutions to help organizations manage their IT spending and optimize their technology investments. Their platform provides real-time analytics and reporting capabilities that enable businesses to understand the cost, value, and utilization of their IT resources, and make data-driven decisions to improve their efficiency and effectiveness. Apptio's customers include Fortune 500 companies, government agencies, and other large organizations across various industries, such as financial services, healthcare, and technology. The company is headquartered in Bellevue, Washington.
Last updated
Apptio Revenue
In 2018, Apptio's revenue reached $188.5M. The company previously reported $129.3M in 2015. Since its launch in 2007, Apptio has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2018 | Apptio Hit $188.5m revenue in December 2018 | |
| 2015 | Apptio Hit $129.3m revenue in January 2015 | |
| 2014 | Apptio Hit $106.6m revenue in January 2014 | |
| 2013 | Apptio Hit $73.8m revenue in January 2013 | |
| 2007 | Launched with $0 revenue |
Apptio Valuation, Funding Rounds
Apptio reached a $1.9B valuation in 2018, set during its Post-IPO Debt round.
Apptio has raised $261M in total funding across 6 rounds, most recently a $125M Post-IPO Debt round in 2018.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2018 | Post-IPO Debt | $125M | $1.9B | 6% | |
| 2013 | Series E | $45M | - | - | |
| 2012 | Series D | $50M | $1.9B | 3% | |
| 2010 | Series C | $20M | - | - | |
| 2009 | Series B | $14M | - | - | |
| 2007 | Series A | $7M | - | - |
Founders
Sunny Gupta
CEO
Sunny Gupta is the Co-founder and CEO of Apptio, a leading software company specializing in Technology Business Management (TBM). With a strong focus on customer satisfaction, Gupta guided Apptio through a successful Initial Public Offering in 2016 and orchestrated its acquisition by Vista Equity Partners in 2019 for $1.94 billion. Under his leadership, Apptio has expanded its customer base, ventured into international markets, and made strategic acquisitions, all while fostering innovation within the company. Gupta's extensive experience includes senior leadership roles at Opsware, where he was responsible for products until its acquisition by HP, as well as his tenure as the co-founder and CEO of iConclude, a pioneer in IT runbook automation. Gupta holds a B.S. in Computer Science and has been recognized for his achievements as a top CEO and entrepreneur.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
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Customers
Apptio serves 37K customers.
Apptio Employees & Team Size
Apptio employs approximately 1K people as of 2026, up from 44 in 2020, including 6 sales reps that carry a quota. It serves 37K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 1K employees (July 2023) | |
| 2020 | Reached 44 employees (December 2020) | |
| 2020 | Reached 251 employees (August 2020) | |
| 2020 | Reached 46 employees (June 2020) | |
| 2019 | Reached 47 employees (December 2019) | |
| 2018 | Reached 46 employees (December 2018) |
Frequently Asked Questions about Apptio
What is Apptio's revenue?
Apptio generates $188.5M in revenue.
Who founded Apptio?
Apptio was founded by Kurt Shintaffer.
Who is the CEO of Apptio?
The CEO of Apptio is Kurt Shintaffer.
How much funding does Apptio have?
Apptio raised $261M across 6 rounds.
How many employees does Apptio have?
Apptio has 1K employees.
Where is Apptio headquarters?
Apptio is headquartered in Bellevue, Washington, United States.
Compare Apptio to the industry
Apptio operates across multiple industries. Browse revenue, funding, and growth data for Apptio in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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