Appcelerator Raises Funds To Grow HTML5 Developer Frameworks

By HTMLGoodies Staff

This week Appcelerator, a mobile development framework company, announced that has received a $15 million round of funding from companies including Red Hat, Translink and Mayfield for the development of its Titanium IDE. HTML5 web app development--which will be added to the IDE--will be the main focus of the funding.

Several weeks ago Appcelerator acquired Particle Code, which uses ActionScript and Java, which fits well with the Titanium development environment. After realizing that native app development was not going to be the de facto standard of the future, but HTML5 could very well be the core around which apps of the future are built.

Appcelerator is not only a provider of a mobile development framework, they are also an app publisher, with over 30,000 apps in the Apple App Store and Android Market, making them the third largest native app publisher in the business. Almost 1000 companies are using Appcelerator to create applications, many of which are enterprise apps.

Read the original article here.

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