SYS-CON MEDIA Authors: Pat Romanski, Yeshim Deniz, Roger Strukhoff, Doug Masi, Mat Mathews

Related Topics: AJAX & REA, Open Web, Apache

AJAX & REA: Article

Appcelerator Secures $4.1 Million

Growth of rich Internet applications drives new investment in technology

Appcelerator has secured $4.1 million in Series A funding, led by Storm Ventures. Appcelerator will use the proceeds to further advance and extend the functionality of its Open Web platform that allows applications to be easily built and deployed as a rich Web application, a native desktop application, or a mobile application.

Using Appcelerator's SDK and Titanium, developers can reduce costs and realize productivity gains by leveraging an Open Web platform and an existing set of web skill sets, ultimately allowing developers to spend more time developing applications and getting them to market and less time building homegrown development platforms. Appcelerator's products are freely distributed under the Apache Public License, enabling the platform to be easily extended through a wide range of plug-ins.

Storm Venture managing partner, Ryan Floyd, will join Appcelerator co-founders Jeff Haynie and Nolan Wright on the Board of Directors. Larry Augustin, a premier open source angel investor and a member of the group who originally coined the term "open source" and also participated in the round, will join the board as well.

More Stories By RIA News Desk

Ever since Google popularized a smarter, more responsive and interactive Web experience by using AJAX (Asynchronous JavaScript + XML) for its Google Maps & Gmail applications, SYS-CON's RIA News Desk has been covering every aspect of Rich Internet Applications and those creating and deploying them. If you have breaking RIA news, please send it to [email protected] to share your product and company news coverage with AJAXWorld readers.

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