Workday has raised $250 million from Greylock Partners, New Enterprise Associates, T Rowe Price, Morgan Stanley Investment Management, Janus Capital Group Inc. and Bezos Expeditions, Jeff Bezos’ private investment fund.
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Social Scene: Jurvetson Drives on the Wild Side, Zachary Thinks Madoff Has a Point, Kopelman and Rieschel Are Birthday Twins
In this week’s Social Scene, Steve Jurvetson shows his wild side, George Zachary finds himself agreeing with Bernie Madoff, Paul Allen gets his 60 minutes, Gary Rieschel and Josh Kopelman share a birthday, and more. OUT & ABOUT On the edge… Steve Jurvetson may seem nerdy — he earned his EE from Stanford in 2.5 [...]
Early last month, the tech and investing world was blitzed by glowing profiles of Andreessen Horowitz as it released the news that it had raised a second, $650 million, fund in three weeks time. A minor backlash followed, including right here, where we called the praise premature, given that the year-and-a-half-year-old firm has yet to [...]
Last summer, legendary entrepreneur Dave Duffield predicted that his newest startup, Workday, could become the second coming of PeopleSoft — a company Duffield founded and grudgingly sold to Oracle in January 2005 for $10.3 billion.
Whether or not that proves true, Workday — an enterprise resource planning company that delivers its software online — has been gaining traction fast. It now has 340 employees and roughly 80 customers, including numerous Fortune 500 companies like Chiquita Brands and Flextronics (workforces of 23,000 employees and 150,000 employees, respectively).
More, investors have wholeheartedly bought into Duffield’s vision. In addition to several past, mostly undisclosed, rounds of funding totaling $75 million — money from Greylock Ventures and Duffield himself — the company has just raised an additional $75 million in a Series E round led by New Enterprise Associates, which chipped in just north of $45 million. Duffield and Greylock contributed the rest.