$4 Million Helps Appcelerator Improve Open Web Platform

Appcelerator will use $4.1 million in Series A funding to increase the functionality of its Open Web platform. That platform allows for easy application building and deployment as a rich Web application, a mobile app or a desktop app, said the company.

Appcelerator says developers can greatly cut costs and see dramatic productivity gains by using its SDK and Titanium.

"We plan to use the investment to extend the Appcelerator SDK and Titanium platform to include the widest set of functionalities and be the most easily used rich Web application development products available to application developers," said Jeff Haynie, Appcelerator CEO.