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Appcelerator to expand in Europe and Asia after raising $15 million in Series C round

Lead by Mayfield, TransLink, and Red Hat
Appcelerator to expand in Europe and Asia after raising $15 million in Series C round
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Cross-platform mobile development firm Appcelerator has announced it's raised $15 million in its Series C round. 

Companies involved in the funding included Mayfield Fund, TransLink Capital, Red Hat, eBay, Sierra Ventures, and Storm Ventures.

Appcelerator is already in an alliance with Red Hat, combining Titanium with its OpenShift platform-as-a-service.

The raised money will be spent on European and Asian expansion, and the company's main development platform Appcelerator Titanium.

Appcelerated growth

Along with the funding announcement, Appcelerator revealed it's the largest third party publisher in the Apple and Android marketplaces.

Its portfolio currently consists of over 30,000 mobile apps on 30 million devices, while it claims 1.6 million developers in the Appcelerator ecosystem.

The company itself is growing fast with headcount up from 17 to 100 in the past 12 months.

"Appcelerator has become the agent of change for Fortune 500 companies looking to make a strategic move to mobile," explained Navin Chaddha, managing director of Mayfield Fund.

"We see Appcelerator's world-class integrated mobile platform as essential to overcoming increasing levels of fragmentation that currently challenge the entire mobile industry."

Appcelerator recently purchased HTML5 specialist Particle Code to extend its cross-platform chops. 

[source: Appcelerator]