Mayfield, TransLink, and Red Hat Invest in Appcelerator

Appcelerator, a provider of platform for developing mobile, tablet and desktop applications using web technologies, secured $15 million in funding from companies including Mayfield Fund, TransLink Capital, Red Hat, eBay (News - Alert) Inc., Sierra Ventures and Storm Ventures.

Including its earlier Series A and B rounds, Appcelerator has secured $31.5 million in funding. Appcelerator plans to use its new funding to strengthen and expand its core Titanium product line. With over half of its demand coming from Europe and Asia, Appcelerator plans to open a UK office in Q1, and is working with TransLink to enter Japan, Korea, and Greater China.

The company also announced that it is now the largest 3rd-party publisher in the Apple and Android (News - Alert) marketplaces with over 30,000 mobile apps on 30 million devices in its portfolio.

“Appcelerator has become the agent of change for Fortune 500 companies looking to make a strategic move to mobile,” Navin Chaddha, managing director, Mayfield Fund, emphasized in a statement. “We see the Appcelerator's world-class integrated mobile platform as essential to overcoming increasing levels of fragmentation that currently challenge the entire mobile industry.”

“The alliance of Appcelerator's leading mobile platform with Red Hat's (News - Alert) Platform-as-a-Service, OpenShift, lets developers create an exciting world of mobile applications that engages users and scales easily. We are working to make the experience of using these two products together optimally beneficial to users,” said Issac Roth, PaaS Master at Red Hat.

Appcelerator said in a press release that since its last round of funding in October 2010, the company has been on a rapid growth trajectory. In terms of its position as the largest 3rd-party publisher of mobile applications in both the Apple and Android marketplaces, the company said that it is seeing a 6-fold increase over 2010.

Also, in the past year, Appcelerator has signed 1,000 new customers which is noted to be a 10-fold increase. Mentioning about the additions with production applications developed on Titanium, company said that it includes NBC, eBay, Medtronic, Zipcar, GameStop, Merck, Progressive, Reuters (News - Alert), and Harrah's.

In addition to these growths, the company has also added more employees to support its rapid growth.  Appcelerator is said to have grown from 17 employees to 100 in 12 months.

Appcelerator acquired Aptana in January to create a world-class mobile IDE, followed by the DEMO God-winning mobile platform company Particle Code last month. The company was recognized as a Visionary in Gartner's MCAP Magic Quadrant earlier this year and continues to jointly author thought-leadership mobile industry research with IDC (News - Alert). The company was a recent keynote presenter at Sierra Ventures' Annual CIO Summit.