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Appconomy Raises $10M

Austin-based Appconomy, a developer of mobile application development software, said this morning that it has raised $10M in a Series A funding round. The firm said the funding comes from Chinese venture capital firm Qiming Ventures, as well as strategic investor Neusoft Corporation. Western Technology Investment and True Ventures also participated. Qiming will add a representative to Appconomy's board as part of the funding. Appconomy is headed by Brian Magierski and Steve Papermaster. Appconomy said the round will go to accelerate its efforts in China. More information »