Salesforce Ventures Leads Round, Participation from Top Strategic and Institutional Investors Underscores MuleSoft’s Leadership in API Economy
SAN FRANCISCO – May 19, 2015 – MuleSoft, the company that makes it easy to connect applications, data and devices, today announced $128 million in funding led by Salesforce Ventures, Salesforce’s global corporate investment group. This round includes participation from new strategic investor ServiceNow, as well as Cisco Investments, an existing strategic investor. Also participating in the round were public market investors and affiliates including Adage Capital Management, Brookside Capital and Sands Capital Ventures, along with MuleSoft’s existing venture investors NEA, Lightspeed Venture Partners, Meritech Capital Partners, Bay Partners, Hummer Winblad Venture Partners, Morgenthaler and Sapphire Ventures.
The latest round brings MuleSoft’s total financing raised to $259 million, further cementing MuleSoft's industry leadership and positioning the company for accelerated growth in 2015 and beyond. Building on MuleSoft’s partnerships with Salesforce, Cisco and ServiceNow, the funding will help accelerate MuleSoft’s technology platform innovation, fuel its international expansion and extend its reach to serve global enterprise customers.
MuleSoft’s mission is to connect the world’s applications, data and devices. APIs are driving a new digital economy that makes this connected era possible. As every company makes a shift toward becoming a digital business, the impact of APIs is now far broader and deeper, and relevant to every industry. APIs have become critical to how companies connect in new ways with employees, partners, customers and devices. In this new economy, companies can easily share and access internal and external data, unlock potential new revenue streams, and leverage the trends of cloud, mobile, big data and the Internet of Things.
Founded in 2006, MuleSoft has emerged as one of the fastest-growing companies in enterprise software by providing an integration platform that connects any application, API or data source. Fiscal year 2014 was the most successful year in company history, with its annual run rate of total bookings surpassing $100 million, a record number of new customers, and a near-doubling of the number of employees across 10 offices worldwide. The company currently has more than 500 employees worldwide and has been recognized as one of the Best Small and Medium-Sized Companies to Work For in 2015 in the Glassdoor Employees’ Choice Awards.
MuleSoft is poised for another year of exceptional growth, driven by increasing adoption of its flagship Anypoint Platform™ by many of the world's largest organizations. In Q1 2015, the company reported record results with 110 percent new subscription bookings growth year-over-year. With more than 700 enterprise customers, MuleSoft counts the following among its customer base: two of the top five global retailers, three of the top seven global banks, and two of the top five global insurance companies.
The company is recognized as a Leader in three Gartner Magic Quadrants, making MuleSoft the only vendor to be named a Leader across Gartner’s Magic Quadrants for Enterprise Integration Platform as a Service (iPaaS), On-Premises Application Integration Suites and Application Services Governance.*
"Salesforce Ventures is committed to investing in technology that empowers companies to succeed in today's social, mobile, connected world," said John Somorjai, EVP of Corporate Development and Salesforce Ventures, Salesforce. “MuleSoft is changing the way companies access and connect with an increasing number of external data sources in the Salesforce ecosystem, and we're pleased to partner together to help fuel the company’s growth as it drives digital transformation.”
“Companies need a platform that can unlock the full potential of the applications and data that power the connected era. APIs are the rocket fuel for connecting what’s never been connected before,” said Greg Schott, CEO, MuleSoft. “MuleSoft is positioned to seize this tremendous market opportunity with a world-class team, innovative technology and an impressive customer base. This investment validates our vision to attack the largest unsolved problem in IT with a platform for API-led connectivity.”
Goldman, Sachs & Co. partnered with MuleSoft as the Exclusive Placement Agent on the financing.
Gartner, Inc., “Magic Quadrant for Application Services Governance" by Paolo Malinverno, April 9, 2015.
Gartner, Inc., “Magic Quadrant for Enterprise Integration Platform as a Service, Worldwide" by Massimo Pezzini, Yefim V. Natis, Paolo Malinverno, Kimihiko Iijima, Jess Thompson, Eric Thoo, Keith Guttridge, March 23, 2015.
Gartner, Inc., "Magic Quadrant for On-Premises Application Integration Suites" by Jess Thompson, Yefim V. Natis, Massimo Pezzini, Kimihiko Iijima, Fabrizio Biscotti, Keith Guttridge, 29 July 2014.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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 60 countries, from emerging brands to Global 500 enterprises, use MuleSoft to innovate faster and gain competitive advantage. https://www.mulesoft.com/
MuleSoft is a registered trademark of MuleSoft, Inc. All other marks are those of respective owners.