After raising 128 million, MuleSoft enters the unicorn club
MuleSoft, a start-up based in San Francisco, has just raised 128 million dollars (114.9 million euros). The company thus joins the club of “unicorns” since this new operation brings its valuation to more than 1.5 billion dollars. Beyond the significant amount, this funding round also offers MuleSoft the arrival of many strategic players in its capital since the main investor was Salesforce Ventures, the investment fund of the American specialist in business software in cloud. Cisco Investments, already a shareholder, and ServiceNow also participated alongside Adage Capital Management, Brookside Capital and Sands Capital Ventures.
The company had already attracted many investors in the past. In particular, it raised $ 37 million in 2013, then $ 50 million in 2014. In the end, MuleSoft has received more than $ 259 million in investments (232.5 million euros today) since its creation.
Founded in 2006 by Ross Mason, MuleSoft has developed a Saas solution and open source, Anypoint Platform, which connects business applications and data, to make them interact and work with each other. Customers can, in one place, create and manage APIs for this purpose. ” Businesses need a platform that unlocks the potential of the apps and data that power the connected age. APIs are the fuel to connect what has never been connected before Says Greg Schott, CEO.
Almost ten years after its launch, MuleSoft claims more than 700 companies in its client portfolio, including Unilever, Walmart, AT&T, Nestlé, or even Tesla and Toyota. While the company does not disclose its turnover, it says its annual booking rate crossed $ 100 million in 2014. It also doubled its workforce last year, to 500 employees worldwide.
The objectives of the Start-up
With this new investment, MuleSoft announces that it wants to accelerate the development of its platform while taking advantage of its partnerships with Salesforce, Cisco and ServiceNow (a group specializing in online services. cloud for companies). It also wishes to strengthen its international development, whereas it currently has around ten offices around the world. However, the company has to rely on competition from many players including some heavyweights such as IBM.
The head office : San Fracisco (United States)
Founder: Ross mason
CEO: Greg Schott
Funding: $ 259 million raised since its inception