MuleSoft Closes $50 Million Financing

Date 2014/3/13 11:48:39 | Topic: Company News

MuleSoft has 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's Anypoint Platform is used across thousands of enterprises, including 45 percent of the Global 500. 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.



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