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Capriza Raises $23 Million in Series C

Capriza_homepage_July2016

In a round led by Andreessen Horowitz, enterprise-mobility specialist Capriza has raised $23 million in new capital. Participating in the round, which takes the company’s total to $73 million, were existing investors Charles River Ventures, Harmony Partners, and Tenaya Capital, as well as new investors Entre Capital and Vintage Investment.

“In the last 24 months, we have made enormous strides, and this latest round of funding is a testament to our momentum and our world-class customer list,” Capriza CEO Yuval Scarlat said. “The world is shifting from mobile-first to mobile-only, and we believe organizations who make mobile applications a priority today are the ones that will win.”

Capriza_stage_FF2014

Left to right: Stephen Insdorf, senior solution engineer, and Ivan Prafder, VP, regional business development demonstrated the Capriza platform at FinovateFall 2015 in New York.

Founded in 2011 and headquartered in Palo Alto, California, Capriza demonstrated its technology at FinovateFall 2015. The company specializes in turning business workflows into mobile applications without requiring coding, APIs, upgrades, or integrations. The technology enables legacy applications to be used on multiple channels including tablet, smartphone, and desktop. Capriza’s solutions are compatible with widely used applications like Oracle, Salesforce, and SAP, and can also be custom-configured. For more, check out our Finovate Debuts profile of Capriza from earlier this year.

Recent headlines for Capriza include earning a finalist spot in the City on a Cloud Innovation Challenge sponsored by Amazon web services in June, and news of the company’s new CMO, Lance Walter, hired in May. The City on a Cloud Innovation Challenge is an initiative to help local governments become more efficient through innovative technologies in areas ranging from city planning to healthcare. Capriza made it to the finals with its enterprise-mobility platform, which helped the City of Los Angeles build a suite of mini-mobile apps called Zapps for its 48,000 employees and city officials