PALO ALTO -– Capriza, a leader in enterprise mobility for business applications, has raised $23 million in new funding to support its growing momentum and rapid customer adoption. The round, led by existing investor Andreessen Horowitz, included existing investors Charles River Ventures, Harmony Partners and Tenaya Capital, and new investors Entre Capital and Vintage Investment. The new funding, a Series C extension bringing the total capital Capriza has raised to $73 million, will be used to meet soaring demand for smart, mobile business apps that empower users at the edges of the enterprise to take the actions based on relevant, real-time information, needed to run an effective, competitive, and efficient organization.
Gartner has predicted that “Through 2017, the market demand for mobile app development services will grow at least five times faster than the internal IT organization’s capacity to deliver them.” Capriza, which achieved a 3X growth in its installed customer base in 2015, is addressing this gap by empowering organizations to mobile-enable critical business workflows for SAP, Oracle, PeopleSoft, Salesforce, and custom-built solutions in days without coding, additional infrastructure, or disruptive upgrades. Capriza inherits all business logic, security, and customizations of existing enterprise systems, driving immediate time to value. More than 100 enterprise customers spanning 30+ industries and 500,000+ users rely on the Capriza platform including City of Los Angeles, DirecTV, Flex, The Linde Group, Titan Machinery and Volvo Financial Services.
“Capriza’s mission is to deliver on the power and promise of the mobile enterprise by giving every worker access to their office systems, applications and data wherever they are on their device of choice,” said Yuval Scarlat, CEO at Capriza. “In the last 24 months, we have made enormous strides and this latest round of funding is a testament to our momentum and our world-class customer list. The world is shifting from mobile-first to mobile-only and we believe organizations who make mobile applications a priority today are the ones that will win.”
Capriza was founded in 2011.