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Apigee, provider of a popular API-management platform, has raised US$35m in the latest round of financing by new and existing investors.

 

The new investors are a subsidiary of the investment-management colossus BlackRock, which led the round, and Accenture, a large IT consulting and outsourcing firm. Existing investors who joined the round were Bay Partners, Focus Ventures, Norwest Venture Partners, SAP Ventures and Third Point Ventures.

 

Apigee said it will use the financing to grow global sales and marketing and accelerate expansion of the platform.

 

Chet Kapoor, Apigee CEO, said the focus for expansion will be on mobile. “Mobile changes everything, and every business must have a comprehensive digital strategy that includes reaching customers and expanding through mobile apps,” he said.

 

“Apigee helps companies of all sizes deliver and manage the core elements of a connected mobile world: apps, data and APIs. We are in a market sweet spot, and this additional funding will help us quickly expand our product portfolio and international sales and marketing.”

 

Apigee's flagship offering is Apigee Enterprise, a platform for creating, managing and measuring digital initiatives built on apps, data and APIs (Application Programming Interfaces). The company also offers Apigee Insights, a big data analytics platform, and the Apigee API Exchange, an API interoperability platform.