Startup profile for Apptio: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Apptio funding, valuation and investors

IT financial management and cloud spend optimization software for enterprises.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series B

$14M · 2009

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$14M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

acquired

acquired · Bellevue, Washington

Investors in latest funding

Other: Andreessen Horowitz

Sources: latest funding: Series B (2009): $14M led by a16z; Greylock participated — a16z's first investment (a16z history) Last verified: 2026-07-25

Overview

Apptio provides technology business management (TBM) software that helps enterprises track, allocate, and optimize IT and cloud spending. IBM acquired Apptio from Vista Equity Partners in August 2023 to combine FinOps capabilities with its hybrid cloud portfolio.

Why Apptio is interesting

a16z's first portfolio investment (2009) became the FinOps category leader — IPO, Vista take-private, then IBM's $4.6B acquisition in 2023.

Product & use cases

Apptio provides technology business management (TBM) software that helps enterprises track, allocate, and optimize IT and cloud spending.

  • Payments and financial product distribution

Key facts

  • Acquired by IBM (Aug 2023): $4.6B from Vista Equity Partners (IBM press release)
  • Prior: IPO 2016 (NASDAQ: APTI); Vista take-private 2018 at $1.9B
  • Series B (2009): $14M led by a16z; Greylock participated — a16z's first investment (a16z history)
  • Product: TBM and FinOps platform for IT cost transparency and cloud optimization

Funding history (newest first)

Series B

2009 $14M

Source: Series B (2009): $14M led by a16z; Greylock participated — a16z's first investment (a16z history)

IPO

NASDAQ: APTI $1.9B

Source: Prior: IPO 2016 (NASDAQ: APTI); Vista take-private 2018 at $1.9B

Investors in our directory

Funds linked from Apptio's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Greylock

Competitive landscape

Edge: a16z's first portfolio investment (2009) became the FinOps category leader — IPO, Vista take-private, then IBM's $4.6B acquisition in 2023.

Apptio competes in enterprise-saas, fintech. Incumbents have distribution; startup edge depends on product depth and buyer references. See competitors for specific tradeoffs — no invented market share claims.

  • Salesforce incumbent

    Enterprise platform incumbent.

  • Microsoft incumbent

    Platform bundling competitor.

  • Stripe incumbent

    Payments infrastructure incumbent.

  • Plaid adjacent

    Financial data connectivity.

Notable stories

  • Acquired by IBM (Aug 2023): $4.6B from Vista Equity Partners (IBM press release)
  • Prior: IPO 2016 (NASDAQ: APTI); Vista take-private 2018 at $1.9B
  • Series B (2009): $14M led by a16z; Greylock participated — a16z's first investment (a16z history)

Industries

Enterprise SaaS Fintech

Related funding articles

Venture Capital Tracker pieces that cover Apptio's financing or category context.

FAQs about Apptio

Practical answers founders, operators, and investors typically search for.

Apptio provides technology business management (TBM) software that helps enterprises track, allocate, and optimize IT and cloud spending.
Directory-linked investors include /fund/andreessen-horowitz, /fund/greylock-partners.
acquired stage, acquired status. Acquired by IBM (Aug 2023): $4.6B from Vista Equity Partners (IBM press release)
Acquired — see highlights for acquirer and date.
See fundraisingRounds for verified dates and disclosed amounts.
See competitors section — named alternatives with honest positioning notes.
Not publicly disclosed unless noted in highlights.
Bellevue, Washington
Website All startups Funding news

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.