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Apptio Raises $7 Million

Apptio, a Seattle-based provider of software for corporate data centers, has raised $7 million in first-round funding from Madrona Venture Group and Greylock Partners. The company was founded by Sunny Gupta, who previously founded iConclude, a Madrona-based company sold to Opsware for $60 million. News of the round was first reported by The Seattle Post-Intelligencer.