Developer tools company Appcelerator secured $12.1 million in funding, which it plans to use to grow its platform and gain a stronger foothold in the Asia Pacific region.
The company will develop its cloud and platform business by investing in product development, sales, support, channels and potential acquisitions and to expand globally.
It also plans to open an Asia Pacific headquarters in Singapore, which will include an R&D centre and regional datacentre along with sales, support and services for the region.
The funding was led by Singapore investment firm EDBI, with contributions from the Social Internet Fund, Mayfield Fund, Sierra Ventures, Store Ventures, Relay Ventured, Translink Capital, eBay and Red Hat.
The total investment in Appcelerator now stands at more than $63 million
Appcelerator posted year-on-year sales growth of 130 per cent for the second quarter of 2013, and its technology is being used by 480,000 mobile developers who have built 55,000 apps on the platform.