Granite Ventures and Shasta Ventures Lead $11.4 Million Series B Investment in Anaplan
Anaplan, the emerging leader for on-demand, cross functional planning and enterprise performance applications today announced it has closed a $11.4 Million Series B financing from existing investors and new investors Granite Ventures and Shasta Ventures, bringing the total raised to more than $17.5 Million.
Standish O’Grady, Managing Director of Granite Ventures, and Ravi Mohan, Managing Director of Shasta Ventures, have joined the board of directors alongside Guy Haddleton, CEO of Anaplan, Michael Gould, Chief Architect of Anaplan, and Adrian Kunzle, SVP Products of Salesforce.com.
“The rapid advancement with in-memory computing combined with their 20 years of market experience are what make Anaplan’s platform and leadership team so compelling,” said Standish O’Grady, Managing Director of Granite Ventures. “Anaplan has that rare combination of vision, talent and experience that defines leaders who use innovation to disrupt a very large market.”
“Anaplan throws out the old way of doing things – rigid data models, IT and consulting dependency, relational databases, siloed point solutions, scripting languages, expensive licensing models – and has built a highly scalable, high performance application platform designed exclusively for the business user that is simply breathtaking with its ease of use and capabilities for managing complex enterprise applications,” comments Ravi Mohan of Shasta Ventures.
“With this investment Anaplan is now poised to cement its leadership as the next generation cross functional planning and enterprise performance application platform,” comments Guy Haddleton, CEO of Anaplan. “Customer adoption will rapidly accelerate as we expand our sales force, launch new markets and build our global partner network.”
Read the full press release here.