Despite all the talk of one-vendor software suites taking over the world, most big companies still run a bewildering array of on-premise and SaaS applications. MuleSoft, which pitches its Anypoint software as the connectivity hub for all that craziness, just closed a $50 million Series F round, bringing total venture investment to $131 million.
With that funding, the San Francisco company plans to staff up across sales, marketing, and engineering to take on that big job. To illustrate just how big, MuleSoft CEO Greg Schott offered up his own company as an example: “Look at us — we have 250 people and we run 75 SaaS applications,” he said in an interview.
But back to hiring, Schott said the company will probably double headcount within a year to take on application integration competitors including established companies like Informatica, Snaplogic, Tibco as sell as a flock of newbies from Azuqua to Zapier. MuleSoft Anypoint runs both as an on-premises option or a cloud-based service running atop Amazon Web Services.
This Series F round was led by new investor Meritech Capital Partners as well as NEA and Lightspeed Venture Partners. Cisco is also a new investor. The round also included contributions from existing backers Salesforce.com, SAP Ventures, and Hummer Winblad Venture Partners. The cash influx comes about a year after a $37 Series E round led by NEA.