Digital Fuel
 | |
| Type | Private |
|---|---|
| Industry | Software as a service |
| Founded | 2000 |
| Founder |
|
| Headquarters | Los Angeles, CA, United states |
| Parent | VMware (2011-2016)
Skyview LLC (2016-2018) Apptio (2018-current) |
Digital Fuel is a provider of IT financial management software. The company's headquarters is in Los Angeles, California.[1]
History
[edit]Digital Fuel was co-founded in 2000 by Benny Lehmann, Israel Dancziger, Gilad Raz and Yakov Kogan who served as the company's CEO, CTO, and vice president of engineering, respectively.[1] Digital Fuel's ServiceFlow software was originally sold to corporate IT teams and to service providers to help them manage service level agreements (SLAs) for outsourcing agreements.
In 2008, Digital Fuel expanded its product line to include IT financial management tools.[2]
Digital Fuel has raised over $30m in funding from investors including Apax Partners, Benchmark Capital, Israel Seed Partners, and Sigma Partners.[3]
In June 2011, VMware purchased Digital Fuel for $85 million.[1][4]
In September 2016, Skyview Capital acquired Digital Fuel from VMware.[5][6]
In February 2018, Apptio, Inc. acquired Digital Fuel from Skyview Capital.[7]
See also
[edit]References
[edit]- 1 2 3 Prickett Morgan, Timothy (14 June 2011). "VMware eats Digital Fuel". TheRegister.
- ↑ Dubie, Denise. "Gaining better insight into the cost of IT". Network World. Archived from the original on 2012-10-13. Retrieved 2025-10-18.
- ↑ Security, Aqua. "Aqua Security Raises $30 Million in Series D Funding to Fuel the Expansion of Its Cloud Native Security Platform". www.prnewswire.com (Press release). Retrieved 2021-01-29.
- ↑ "VMware buys Digital Fuel to make cloudonomics easier". GigaOM. Archived from the original on 2011-06-14. Retrieved 2025-10-18.
- ↑ IQ, S&P Capital (2016-09-12). "Skyview Capital LLC acquired Digital Fuel SV, LLC from VMware, Inc.. | MarketScreener". www.marketscreener.com. Retrieved 2026-04-15.
- ↑ Sharwood, Simon (2016-09-13). "VMware sells Digital Fuel cost control code five years after buying it". theregister. Retrieved 2026-05-20.
- ↑ "Apptio acquires former VMware spinoff Digital Fuel for $42.5M". GeekWire. 2018-02-02. Retrieved 2021-01-29.
- Online financial services companies of the United States
- Information technology management
- Software companies based in the San Francisco Bay Area
- Companies based in San Mateo, California
- Software companies established in 2000
- 2000 establishments in California
- Software companies of Israel
- Defunct software companies of the United States
- American companies established in 2000
- Financial software companies
- Defunct computer companies based in California