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March 28, 2014

Wheelings & Dealings: Mobile App Sector Development Continues to Grow with AppGyver Raising $2.5M from Investors

In another sign of the strength of the mobile app sector, AppGyver, a provider of tools for mobile developers, has raised $2.5 million from investors in an angel round.

The company said “multiple investors” took part, with the round being led by Initial Capital and Open Ocean Capital.

The money will be used for sales and marketing efforts, new development, and for developing new integration with the cloud, the company added.

AppGyver launched Steroids, an app-development platform, in August. Since then, the platform was used for more than 10,000 apps. These numbers no doubt impressed investors.

So too did data from AppGyver CEO Marko Lehtimaki, who told TechCrunch, there are about 25,000 active developers using the platform. He predicts there will be over 100,000 users by the end of 2014. Of the 10,000 apps, about 10 percent are available in app stores or being used by enterprises for in-house use.

“We are big believers in the growth of the application ecosystem,” Kristian Segerstrale of Initial Capital, said in a statement. “AppGyver has an impressive track record as a unique technology and service-enabler, helping more services rapidly create and deploy beautiful, native-feeling apps across multiple devices as their front ends.”

Steroids lets developers build apps using CSS, HTML, and JavaScript. AppGyver explains that Steroid users include startups, freelancers and – what may be most interesting  – a “growing number” of Fortune 500 companies – including Accenture, AT&T, BBC, Cisco Systems, Groupon, SAP, IBM, Salesforce, Dell, and Deloitte.

The company says this indicates a “trend toward the use of AppGyver to develop more data-driven apps.”

In addition, the product gives developers access to tools that provide a “native look and feel” to mobile apps, and “where the same code can be run on multiple platforms.” “AppGyver provides this in an easy-to-use way,” Michael “Monty” Widenius, an Open Ocean partner, said.




Edited by Cassandra Tucker


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