Sap Software, the online-sap platform, announced Tuesday that it has raised a Series A funding round led by venture capital firm Greylock Partners.
The Series A will fund the company’s expansion and strategic initiatives.
The round is led by Greylocks CEO David Korn.
Sap’s product line, including its popular Web browser, includes a number of other high-end products, including a cloud-based storage solution.
In a blog post announcing the funding, Sap CEO Chris Sacca said the company plans to “use the funding to build the largest, most powerful, and easiest-to-use Sap-powered cloud solution in the world.”
The company’s mission is to build a “cloud infrastructure that enables everyone to create, manage, and share their data, and to be part of a vibrant, connected and collaborative world,” he wrote.
Sap’s initial Series A funds will be used for a total of $1,835,000.
The funding is the latest in a string of investment by Sap, which has raised at least $3.7 million from companies such as Intel and Intel Capital.
In March, Sap announced it was acquiring software company Sperimento for $350 million.
It is also a partner of venture capital giant Greylocked Partners.