|By RIA News Desk||
|December 9, 2008 09:22 AM EST||
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.