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Xamarin Raises $54 Million in Series C Funding to Take the Company’s High-Growth Model to New Aspects of the Mobile Application Development Lifecycle
|By Business Wire
|August 21, 2014 07:01 AM EDT
the world’s fastest-growing mobile application development platform,
today announced a $54 million Series C financing round—the largest
single round raised by any mobile application platform company—led by
new and existing investors, including Charles River Ventures, Floodgate,
Ignition Partners, Insight Venture Partners, and Lead Edge Capital. The
company has now raised a total of $82 million in three rounds of
funding. Xamarin will use the new funding to expand its mobile app
development platform and cloud services to solve problems for all mobile
developers throughout the app lifecycle, and to expand sales and
marketing teams globally.
The funding is driven by Xamarin’s substantial business momentum in just
three years - building a community of more than 700,000 developers, and
with customers now in more than 150 countries. Xamarin enables
developers to design, build, integrate and test mobile apps, and
delivers comprehensive online mobile training through Xamarin
As consumers and employees increasingly rely on mobile devices for
day-to-day tasks, there is growing demand from businesses to create rich
native mobile applications. According
to IDC, the mobile enterprise application development platform
market will grow from $938.5 million in 2012 to $4.8 billion in 2017. To
address this surging demand, businesses need a mobile application
development platform that makes it easy to deliver world-class mobile
experiences to employees and customers around the world, on a plethora
of mobile devices.
Xamarin has the only mobile
application development platform that produces fully native iOS and
Android apps using a single, shared C# code base, a language used by six
million developers worldwide—bridging one of the largest developer bases
in the world to the most successful mobile device platforms. This means
businesses are able to leverage their existing teams and re-use tools
and code for mobile development, vastly accelerating consumer and
enterprise mobile strategies.
"Mobile is an increasingly strategic channel for us to engage with our
readers," said Ian Rosen, Vice President and General Manager,
MarketWatch and SmartMoney at Dow Jones. "Xamarin made it possible for
our team to build an app much more quickly than we otherwise could have."
The company has also been quick to support emerging platforms as quickly
as they are announced. Xamarin was the first mobile application
development platform to support Android Wear, Google Glass, Amazon
FireOS and FireTV.
Growth of Business and Community
In the last year, Xamarin continued its strong momentum in the
enterprise market. The company was recognized by Gartner as a visionary
in the 2013
Magic Quadrant report for Mobile Application Development Platforms.
Xamarin has more than 200 consulting partners across the globe building
apps for businesses including global system integrators, regional
consultancies, and digital agencies. The company also announced major
industry partnerships including:
to make it faster and easier for joint customers to go mobile
to easily connect Xamarin apps to salesforce.com data
to help enterprises deliver secure apps
to better integrate SAP mobile solutions and back-end data sources
Xamarin has also created the largest cross-platform mobile development
event in the world, Xamarin
Evolve 2014. In its second year, the Evolve conference will host
more than a thousand mobile developers participating in more than 90
training and conference sessions in Atlanta, GA, October 6-10. Speakers
from Facebook, Github, Microsoft and other leading companies will cover
mobile development best practices in UI design, app architecture, mobile
testing, app distribution, security, analytics, monetization and more.
“Thousands of companies trust Xamarin with their mission-critical
employee, business, and consumer apps as they seek to transform customer
relationships and business processes through mobile,” said Nat Friedman,
Xamarin CEO and co-founder. “This funding enables us to aggressively
expand our product portfolio and Xamarin’s market presence around the
world, making Xamarin the best choice for building great apps
Xamarin is the new standard for enterprise mobile development. No other
platform enables businesses to reach 2.6 billion iOS, Android, Mac, and
Windows devices with fully native apps from a single, shared code base.
Xamarin is used by more than 100 Fortune 500 companies to accelerate the
creation of mission-critical consumer and enterprise apps. Xamarin’s
global customer base in 150 countries includes Dow Jones, Bosch,
McKesson, Halliburton, Blue Cross Blue Shield, Cognizant, GitHub, Rdio,
and WebMD. Xamarin is a Visionary in Gartner’s 2013 Magic Quadrant
report for Mobile Application Development Platforms. For more
information, please visit: xamarin.com
or follow us @xamarinhq.
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