Granite Ventures and Shasta Ventures Lead $11.4 Million Series B Investment in Anaplan
Anaplan's Unique Cross Functional Planning and Enterprise Performance Cloud Platform is dramatically changing the way large enterprises plan and manage their business San Franciso, Calif. – Thursday January 19th, 2012 – Anaplan (www.anaplan.com), 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 along side Guy Haddleton, CEO of Anaplan, Michael Gould, Chief Architect of Anaplan, and Adrian Kunzle, SVP Products of Salesforce.com.Anaplan, founded in 2008, has a proven track record of delivering high-value enterprise applications in a fraction of the time of traditional vendors using its Software-as-a-Service (SaaS) technologies. By eliminating the need for IT involvement and enabling the business user to build rich, self-service applications in days not months, Anaplan is poised to revolutionize the way enterprises plan and manage their business."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.”Connecting the EnterpriseAnaplan is a revolutionary cloud platform designed for business users to rapidly build and maintain strategic, operational and business planning & performance management applications in days not months. For the first time business users can respond in real time to changing competitive and organizational landscapes without resorting to traditional IT or consulting dependencies.Anaplan excels where applications have complex interrelationships and very large data volumes. It comprises the worlds foremost business modeling platform that naturally simplifies complexity, scales to 100's of billions of data points while managing 1,000's of simultaneous users with ease.Sample Enterprise Applications currently deployed on the Anaplan Platform include Quota Management, Sales Commission Management, Sales Forecasting, Project Tracking and Profitability, Product Planning, Network Capacity Planning, Budgeting and Cash Management, Call Center Planning and Reporting, Store Profitability and Margin Mix Management, Strategy Planning and Operational Management.About Granite VenturesGranite Ventures (www.granitevc.com) has helped early-stage technology companies build solid foundations for success since 1992. Initially part of Hambrecht & Quist, Granite has been independent since 1998 and continues to leverage decades of investment and technology experience to create value for its portfolio companies. Granite manages over $1 billion in venture capital and has invested in more than 90 private companies including Auditude, Convio, Digimarc, Percello, Siebel Systems, StepUp Commerce and Trovix.About Shasta VenturesShasta Ventures is an early-stage investment firm focused on companies in the consumer-Internet, mobile and software sectors. Shasta was formed to back brilliant entrepreneurs with an unwavering commitment to the customer experience. The firm is based in Menlo Park, California. The firm manages $725M of capital and has built a leading SaaS portfolio by investing in the early rounds of Lithium, Zuora and Apptio, For more information, go to www.shastaventures.com, or follow us on Twitter at @shasta.