More Validation For Open Source Software: Talend Raises $12 Million

Open source data integration software maker Talend has raised $12 million in Series C financing from Balderton Capital and previous investor AGF Private Equity. Balderton’s Bernard Liautaud is joining their Board of Directors.

The company says its flagship product, Talend Open Studio (demo video), has seen over 3.3 million downloads so far, and Talend boasts about having 400 paying customers (an increase of more than 300 percent over the past 12 months) and over 100 partners. Talend intends to use the funds (which according to the blog post announcing the deal, were “no small feat” to raise in these economic times) to expand global operations into the Americas, EMEA and Asia-Pacific, and introduce a number of new products in the course of this year.

Talend had previously raised two rounds of funding, so this investment brings its total financing to close to $20 million.

Talend is not the only venture-backed company trying to disrupt the data integration software market with an open-source product; SnapLogic has raised over $2.5 million for a similar service.

London-based Balderton Capital has done a couple of notable investments so far, such as Bebo (the social networking site that was sold to AOL for $850m) and MySQL (the open-source database business, sold to Sun for $1 billion). This is their first investment since they raised a new fund to the tune of $430 million two weeks ago.

(Thanks to Marc Brandsma for the tip)