Apptio
Valuation
$1.9B
2018 Revenue
$188.5M
Customers
37K
Funding
$261M
Avg ACV
$5.1K
Team
1K
Founded
2007
How Apptio CEO Kurt Shintaffer grew Apptio to $188.5M revenue and 37K customers in 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 | Quote |
|---|---|---|
| 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 | Quote |
|---|---|---|---|---|---|
| 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 | - | - |
Apptio Employees & Team Size
Apptio employs approximately 1K people as of 2026, up from 44 in 2020.
Apptio has 1K total employees in different roles and functions and 6 sales reps that carry a quota. They have 37K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Kurt Shintaffer
Kurt Shintaffer is listed as Founder / CEO at Apptio.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Apptio acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently 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.
How many employees does Apptio have?
Apptio has 1K employees.
Where is Apptio headquarters?
Apptio is headquartered in Bellevue, Washington, United States.
People Also Viewed
Fetchr
AI personal shopper that learns about you and buys things for you
Sagard
Sagard is a global multi-strategy alternative asset management firm that invests across venture capital, private equity, private credit, and real estate. It focuses on delivering flexible capital and has a global network of investors and partners.
Walleye Capital
Walleye Capital is a global multi-strategy investment firm designed to constantly innovate. We combine deep fundamental research, sophisticated quantitative strategies, and innovative approaches to generate alpha across global markets.
LucidHealth
LucidHealth is a network of community-based radiology practices that are led by physicians and centered around innovative partnerships. With best-in-class services and clinical integration support, we deliver resources that allow radiology providers to thrive today while also preparing for the changes of tomorrow.
Ajaib
Founded in 2019, Ajaib is a rapidly growing investment platform in Indonesia. It offers financial technology services such as stock trading, mutual funds, and coins. The simplicity of investing through Ajaib inspired our name, which means "magic," as we aim to disrupt the financial industry magically. Our goal is to make stock trading accessible to millennials with our mobile-first approach, low fees, and user-friendly interface. Ajaib has become Indonesia's first fully online stock brokerage, with no offline brokers or branches. Trusted by over 3 million customers, we are the fastest-growing investment startup in Southeast Asia. Backed by top investors like DST Global, Horizons Ventures, and Alpha JWC Ventures, we proudly became Indonesia's first investment fintech unicorn.
Expel
Expel is a cybersecurity company that provides managed detection and response services to businesses of all sizes. The company's platform combines technology, human expertise, and intelligence to provide 24/7 monitoring, detection, and response to cyber threats. Expel's team of security analysts uses the platform to quickly identify and remediate threats, reducing the time and cost associated with incident response. The platform also provides real-time visibility into security events and risk posture, helping businesses to improve their overall cybersecurity posture. Expel was founded in 2016 and is headquartered in Herndon, Virginia.
Compare Apptio to the industry
Apptio operates across multiple industries. Browse revenue, funding, and growth data for Apptio in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .