Mulesoft, the US-based developer of a platform that integrates applications, data and devices, raised $128m yesterday in a series G round led by Salesforce Ventures, the investment arm of enterprise software provider Salesforce.com.
The round also included enterprise software company ServiceNow, Cisco Investments, which acts as the corporate venturing unit for networking technology provider Cisco, and Sapphire Ventures, the venture capital firm affiliated with software provider SAP.
The non-corporate investors in the round were Adage Capital Management, Brookside Capital and Sands Capital Ventures, New Enterprise Associates (NEA), Lightspeed Venture Partners, Meritech Capital Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures.
Founded in 2006, Mulesoft has created an integration platform capable of connecting any application, application programming interface or data source.
The funding, raised at a $1.5bn valuation according to Forbes, will be used to accelerate the company’s technology development and support geographical expansion.
John Somorjai, Salesforce’s executive vice president of corporate development and Salesforce Ventures, said: “Salesforce Ventures is committed to investing in technology that empowers companies to succeed in today’s social, mobile, connected world.
“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.”
The round increased Mulesoft’s total funding to approximately $259m, of which $50m was secured at an $800m valuation in a March 2014 series F round featuring Salesforce Ventures, Cisco, Sapphire Ventures, NEA, Lightspeed, Meritech Capital, Hummer Winblad, Morgenthaler and Bay Partners.
Salesforce and Sapphire were also among the investors in the company’s 2013 series E round, which raised $37m.