MuleSoft raises $37 million to connect the new enterprise
April 3, 2013 —
MuleSoft, provider of the world's most widely used integration platform, today announced a $37 million investment led by NEA, bringing the company’s total financing to $81 million. Other investors include salesforce.com, as well as returning investors Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures and Bay Partners. The funds will support MuleSoft's aggressive growth plans across its SaaS and enterprise customer segments, further global expansion, and drive category-defining technology innovations for connecting the New Enterprise. The subject of a separate announcement today, MuleSoft launched its Anypoint Platform, the first and only complete integration platform to enable connectivity to any application, data service or API, across the entire cloud and on-premise continuum.
The mega-trends of SaaS, mobile and Big Data are converging, generating a new wave of business opportunity for enterprises. Underpinning this movement is the rise of APIs, which leverage Web standards to create a common language for the New Enterprise. This convergence demands a new kind of platform – one that connects the explosion of endpoints and data generated by organizations each choosing a diverse set of best-of-breed applications to power their business. Companies that win by connecting their applications, data and APIs define the New Enterprise.
“The success of companies like salesforce.com and Workday shows the profound economic advantage of the cloud-based approach, but the move to the cloud creates a new set of challenges for enterprises,” said Scott Sandell, General Partner at NEA. “Companies that are enabling a more seamless transition from on-premise to cloud are among the most exciting investment opportunities right now, and MuleSoft is one of the breakout leaders in this category.”
Founded on the idea that connecting applications should not be hard, MuleSoft lets organizations harness the power of their applications through integration, without the need for custom point-to-point code. In the past year, MuleSoft experienced unprecedented customer growth worldwide and increased bookings 171 percent year-over-year, affirming the company’s leadership position in the $500 billion integration market. Building on this momentum, the growth round of funding will allow MuleSoft to fuel aggressive expansion and broader market reach.
“Today’s 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 – we call this the New Enterprise,” said Greg Schott, president and CEO of MuleSoft. “The New Enterprise represents a once-in-a-generation shift in the way businesses operate, and MuleSoft has created the integration platform to make this vision possible. This round of funding helps us further cement our position as the definitive leader in the market.”
MuleSoft addresses all of the pains around connecting the New Enterprise. At the core is MuleSoft’s Anypoint technology, which provides instant API connectivity to hundreds of on-premise and cloud-based applications and systems. For companies anywhere along the continuum – from on-premise to the cloud – MuleSoft eliminates the pain of integration so companies can realize the full potential of the New Enterprise.