# Apptio

> IT financial management and cloud spend optimization software for enterprises.

## Why it 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.

## Profile

- **Stage:** acquired
- **Status:** acquired
- **Industries:** enterprise-saas, fintech
- **Coverage:** full
- **Last updated:** 2026-07-24

## 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

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/greylock-partners

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/apptio