After acquiring Vue Analytics, Anaplan, which provides a cloud-based solution for businesses to model and plan for sales, operations, and finance; is announcing $30 million in new funding led by Meritech Capital with existing investors Granite Ventures and Shasta Ventures participating. We’ve also learned that Anaplan will be closing another $3 million in funding as part of this round, bringing the total to $33 million. This brings the company’s total funding to $50 million.
Anaplan provides cloud-based modeling and planning software for companies’ sales, operations and finance teams. Basically the company takes sales, operations and finance data and applies complex models to create insights on performance expenses and more.
For example, security giant McAfee uses Anaplan to manage long-range planning, to manipulate sales and finance data, as well as make sense of account, rules, and territory management data. Other clients include Kimberly-Clark Eastern Europe and Pandora. In 2012, the company grew its customer base by 500 percent and revenues by 800%.
The company also recently appointed the former Chief Operating Officer of SAP in France and Africa, Laurent Lefouet, as General Manager of EMEA who will head up Anaplan’s European headquarters in Paris.
The new funding will be used for further international expansion (the company is opening new offices in Singapore, Sweden, France and the UK this month), to scale its infrastructure and ramp up product development.