Appcelerator Raises $4.1 Million for Open Source RIA Platform
December 09, 2008 at 07:00 AM EST
Mountain View-based startup Appcelerator has raised $4.1 million in a Series A round led by Storm Ventures . The money will go primarily towards the development of an open source competitor to Adobe AIR , which enables web developers to create applications that look and function more like desktop programs. The first version of Appcelerator's RIA platform, dubbed Titanium , is being released today for developers on Windows and Mac OS. Appcelerator is also releasing a few demo applications , such as a Twitter client named Tweetanium and a YouTube media player called Playtanium (both shown in the video below). I've tested the Tweetanium client and it does indeed operate like AIR clients such as Twhirl and Alert Thingy, albeit with far fewer features.