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    Capriza Gets $27M from VC to Mobilize Legacy Apps

    By
    Chris Preimesberger
    -
    October 31, 2014
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      Capriza VC funding

      Three-year-old startup Capriza, which turns legacy enterprise apps into fully functioning versions to run on new-gen IT, said Oct. 30 that it has closed a Series C round of funding for $27 million.

      Palo Alto, Calif.-based Capriza’s previous key investor, Andreessen Horowitz, led the round, which added new participation from Tenaya Capital.

      Capriza will use the capital infusion to scale its business operations to handle increased demand for its zero-coding, zero-integration, zero-API enterprise mobile app creation platform.

      Capriza has struck a chord with a number of customers and is expanding its base with numerous household name brands, including Brocade, Marvel, McAfee, DIRECTV, VMware, Discovery Communications, TiVo and Olympus, the company said.

      “Current enterprise mobile app development approaches are flawed and untenable,” Capriza CEO Yuval Scarlat said. “They’re replete with high risk, exorbitant costs, and time lines that extend in perpetuity. We knew there had to be a better way and that’s precisely why we founded Capriza.”

      Capriza was founded by the former executives of Mercury Interactive, including Yuval Scarlet (CEO), Oren Ariel (CTO), Ronnen Armon (VP, R&D), and Amnon Landon (Chairman), who was the 2003 Forbes Entrepreneur of the Year. In 2006, HP acquired Mercury Interactive for $4.5 billion.

      Capriza helps companies leverage their investments in existing enterprise software and move into the modern mobile era. Capriza breaks complex business processes into mini-processes; its approach bypasses myriad tools, SDKs, coding, integration, and APIs required in traditional mobile app development.

      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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