San Jose California based Apigee, has raised $60 million in new funding

Apigee, formerly of Palo-Alto California but recently moved to San Jose California has raised $60 million in new funding from Pine River Capital Management and Wellington Management as well as current investors Norwest Venture Partners, Bay Partners,Third Point LLC, and SAP Ventures.

Apigee provides API technology and services for enterprises and developers, allowing companies to integrate different apps with existing software.

Founded in 2004, Apigee has raised $171 million to date and will use the new funds to prepare for a potential public offering in the next year.