San Francisco-based MuleSoft announced today that it has raised a $50 million round that was led by existing investors New Enterprise Associates and Lightspeed Venture Partners as well as new investor Meritech Capital Partners. Also participating in the round are Cisco, Salesforce, SAP Ventures, Hummer Winblad Venture Partners,
Canvas Venture Fund Morgenthaler Ventures and Bay Partners. The company, which provides enterprises with a cloud-based platform to integrate its mobile and on-premise data and applications, has now raised $131 million in total funding.
(Correction: The investment from Morgenthaler Ventures came from an older Morgenthaler fund, not from Morgenthaler’s most recent fund, which goes by the name Canvas Venture Fund.)
MuleSoft Closes $50 Million Investment to Accelerate Rapid Growth
Flagship Anypoint™ Platform Solves the $500 Billion Integration Challenge
SAN FRANCISCO, CA – March 13, 2014 – MuleSoft, the company that makes it easy to connect applications, data and devices, today announced a $50 million investment led by existing investors NEA and Lightspeed Venture Partners as well as new investor Meritech Capital Partners. Cisco also participated as a new investor in this round, along with returning investors salesforce.com, SAP Ventures, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners. With total financing of $131 million, MuleSoft will use the new funds to accelerate its rapid global growth, solidifying the company as a leader in the integration market.
MuleSoft has emerged as one of the fastest-growing companies in enterprise software by providing a solution to the world’s integration problems. Companies spend $500 billion per year integrating disparate systems and technologies, primarily by writing point-to-point code, which is a highly inefficient process. These companies can be overwhelmed by the explosion of endpoints and suffer from not being able to realize the potential to gain deeper insights, realize more efficient business processes and benefit from stronger relationships with customers and partners. As the number of connected applications, data sources and devices is growing exponentially, this challenge is becoming even more difficult and complex.
MuleSoft’s Anypoint™ Platform is built to eliminate the pain and cost of point-to-point integration, unifying business processes across applications, data sources and APIs. The platform delivers on the promise of the next generation of integration, transforming how companies compete through connectivity. MuleSoft gives organizations the freedom to connect what they want, when they want, whether on-premises or in the cloud. These winning companies are reaching far beyond their four walls, into the cloud and onto mobile devices, to deliver the most connected products and most frictionless customer experience possible.
“Companies today are flooded with new applications, data and devices and, as companies accelerate their move to the cloud, it makes connecting everything infinitely more complicated,” said Greg Schott, president and CEO of MuleSoft. “This explosion of endpoints has created an unparalleled requirement for a new generation of integration. We are reimagining integration and transforming how our customers compete and win.”
MuleSoft has tremendous traction in the market with leading organizations across industries, including healthcare, financial services, insurance, retail, government, media and telecommunications. The company continues to repeat strong global growth, recently reporting 91 percent subscription revenues growth year-over-year in 2013. MuleSoft has more than 290 employees worldwide.
“The number of connected devices is growing exponentially. Businesses need to take advantage of this tectonic shift or be left behind. We invested in MuleSoft because we see a company that has the potential to disrupt one of the largest markets in technology. With this round, MuleSoft establishes itself as the de facto integration platform, with by far the strongest product, community, team and financial backing in the industry,” said Scott Sandell, general partner at NEA. “MuleSoft is poised to be the big winner and we are proud to back the company as they take on this massive market.”
MuleSoft’s mission is to connect the world’s applications, data and devices. MuleSoft makes connecting anything easy with Anypoint™ Platform, the only complete integration platform for SaaS, SOA and APIs. Thousands of organizations in 54 countries, from emerging brands to Global 500 enterprises, use MuleSoft to innovate faster and gain competitive advantage.http://www.mulesoft.com/