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 generated $188.5M in revenue 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 | Source |
|---|---|---|
| 2018 | Apptio Hit $188.5m revenue in December 2018 | Not recorded |
| 2015 | Apptio revenue in 2015: $129.3m | Not recorded |
| 2014 | Apptio revenue in 2014: $106.6m | Not recorded |
| 2013 | Apptio revenue in 2013: $73.8m | Not recorded |
| 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% | Not recorded |
| 2013 | Series E | $45M | - | - | Not recorded |
| 2012 | Series D | $50M | $1.9B | 3% | Not recorded |
| 2010 | Series C | $20M | - | - | Not recorded |
| 2009 | Series B | $14M | - | - | Not recorded |
| 2007 | Series A | $7M | - | - | Not recorded |
Founders
Kurt Shintaffer
Co-Founder, CFO
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.
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) | Not recorded |
| 2020 | Reached 44 employees (December 2020) | Not recorded |
| 2020 | Reached 251 employees (August 2020) | Not recorded |
| 2020 | Reached 46 employees (June 2020) | Not recorded |
| 2019 | Reached 47 employees (December 2019) | Not recorded |
| 2018 | Reached 46 employees (December 2018) | Not recorded |
Frequently Asked Questions about Apptio
Who owns Apptio?
Apptio is owned by Vista Equity Partners, which acquired it.
What is Apptio's revenue?
As of 2018, Apptio generated $188.5M in revenue.
Who founded Apptio?
Apptio was founded by Kurt Shintaffer.
When was Apptio founded?
Apptio was founded in 2007.
How much funding does Apptio have?
Apptio raised $261M across 6 rounds.
How many employees does Apptio have?
As of 2023, Apptio had 1K employees.
Where is Apptio headquartered?
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.
Claim this profilePeople 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...
Walleye Capital
Walleye Capital is a global multi-strategy investment firm designed to constantly innovate. We...
LucidHealth
LucidHealth is a network of community-based radiology practices that are led by physicians and...
Ajaib
Founded in 2019, Ajaib is a rapidly growing investment platform in Indonesia. It offers financial...
Expel
Expel is a cybersecurity company that provides managed detection and response services to...
