Mithril, doubling down, leads $50 million investment in AppDirect

By Sarah McBride SAN FRANCISCO (Reuters) - San Francisco-based AppDirect, which helps developers and businesses create, use and sell apps, said it raised another $50 million in a funding round led by Mithril Capital Management, the same firm in charge of its last round. By doubling down, Mithril is making a big bet on the growth of apps, specialized software that users tap into via the Internet rather than through a specific computer. From its founding in 2012, Mithril was seeking investments that benefit from the increasing tendency of companies to move software to the cloud, said partner Ajay Royan.



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