Link: New Tech Spotlight: Fintech Investments Reach All-Time High In Q2 2018

“In Q2 of this year, fintech startups raked in a total of $19 billion in funding, pushing the overall category to well north of $100 billion in total funding raised.”
Original source: New Tech Spotlight: Fintech Investments Reach All-Time High In Q2 2018

Link: New Cloud Unicorn: PagerDuty Scores $1.3 Billion Valuation In $90 Million Round

“The company says it passed $100 million in annual recurring revenue in recent months”
Original source: New Cloud Unicorn: PagerDuty Scores $1.3 Billion Valuation In $90 Million Round

Link: Investors High on Low-Code Developers

“OutSystems cited other market forecasts that estimate the global low-code market is worth as much as $27 billion, with annual compound growth rates as high as 44 percent.”

Seems pretty big.
Original source: Investors High on Low-Code Developers

Link: Investors High on Low-Code Developers

“OutSystems cited other market forecasts that estimate the global low-code market is worth as much as $27 billion, with annual compound growth rates as high as 44 percent.”

Seems pretty big.
Original source: Investors High on Low-Code Developers

Link: Monitoring continues to be a valuable part of the hybrid cloud, as Sensu raises $10M

“Sensu Enterprise is the commercial version of that project, and it costs between $99 and $999 depending on how many servers you’ll need to monitor your cloud environment. You also get customer service that you won’t get if you try to install the open-source project on your own, a key part of the strategy of many enterprise startups building around open-source projects.”
Original source: Monitoring continues to be a valuable part of the hybrid cloud, as Sensu raises $10M

Link: Finland government buys a slice of Nokia

“Between 1998 and 2007, Nokia was responsible for nearly 4 per cent of Finland’s annual GDP, while also being responsible for 30 per cent of the nordic country’s research and development spend and some 20 per cent of its annual exports.”
Original source: Finland government buys a slice of Nokia

Link: Moogsoft gets $40m round D

“Moogsoft claims to have more than doubled revenue in the past year thanks to new customer wins. The startup counts Cisco Systems Inc., T-Mobile USA Inc., Intuit Inc. and other major tech firms among its users.”
Original source: Moogsoft gets $40m round D

Appian and tech IPO’s for horses

Appian raised just $48m as a private company, compared with $163m for Alteryx, $220m for Okta, $259m for MuleSoft and more than $1bn for Cloudera. In fact, all four of the unicorn IPOs raised more in a single round of private-market funding than Appian did in total VC funding.Not having done an IPO-sized funding in the private market meant that Appian could come public with a more modest raise. (It took in just $75m, compared with this year’s previous IPOs that raised, on average, $190m for the four unicorns.) And, probably most importantly, the Appian offering showed that these types of IPOs can work, both for issuers and investors. (Appian created about $900m of market value, and saw its shares finish the first day of trading up about 25%.) So when it comes to IPOs for the second half of this year, the ‘Appian way’ could help a lot more startups make it to Wall Street. “Will the ‘Appian way’ lead more startups to Wall Street?”
Brenon Daly

Put another way: maybe you don’t have to be unicorn class to IPO now? Who knows really, it’s always a bit of a mystery.

Pretty RAD, customer count and profile

That said, what exactly does Appian do? Seems like one of those SaaS workflow/RAD companies. Nuthin’ wrong with that:

Appian provides app development software for its business and government customers. “With our platform, organizations can rapidly and easily design, build and implement powerful, enterprise-grade custom applications through our intuitive, visual interface with little or no coding required,” the company explained in their S-1 filing…. Appian acknowledges that its biggest competitors are Salesforce and ServiceNow. IBM and Oracle are also in related spaces.

More from Duncan Riley:

Founded in 1999, Appian offers a software as a service platform that helps business people create enterprise applications, especially for managing business processes, without needing programming expertise. The company is known for its “low-code” approach that allows non-programmers to create applications using building blocks and data, but managed and deployed by developers in a company’s information technology department, all on the same technology platform.

And:

  • “…booked $135 million in sales for the 12 months ended March 31, albeit at a loss of $12.5 million.”
  • “The company’s client base includes the U.S. Department of Agriculture, Sprint, Ryder, Dallas-Fort Worth Airport, BUPA North America, CenturyLink and the Department of Homeland Security.”

Meanwhile, Gartner’s magic quadrant on this space (“Enterprise High- Productivity Application Platform as a Service”), says of Appian:

Appian is an hpaPaaS vendor with strong business process management (BPM) and case management capabilities. Appian has been delivering its Appian Cloud platform since 2007. It has taken a uni ed-platform approach that enables a single application de nition to be accessed on a range of devices without additional development. Appian applications can be developed and executed both on-premises and on its aPaaS offering. Appian has positioned its Appian Cloud platform for general-purpose application development, which includes robust process orchestration, application life cycle management and integration capabilities that compete with both hpaPaaS and high-performance RAD vendors, with a common per-user or per-application-and-user pricing model.

And a few more interesting items from Gartner:

  • “There are more than 400 customers using Appian Cloud”
  • “90% of the reference customers delivered applications in less than three months, which is a much higher proportion than average.”
  • “With a predominantly direct selling effort and higher price point, Appian’s focus has been at the higher end of hpaPaaS market and not on small or midsize businesses (SMBs).”
  • It uses OSGi!