How's this for ironic: Cloud computing was supposed to free your business from on-premises information silos. But each time you activate another cloud service, you're essentially creating another off-premises data silo or application silo that doesn't work with your other systems. Now, Salesforce Ventures -- the venture capital arm of Salesforce.com -- is hoping to solve that problem with its latest investment.
Indeed, MuleSoft -- which develops connector software for APIs, cloud applications and plenty more -- just raised $128 million in venture funding. Salesforce Ventures was the lead investor for this round.
MuleSoft claims its Anypoint Platform allows customers to connect apps, data and devices anywhere -- on premises or in the cloud. Moreover, customers can design, run, manage and analyze services and APIs from a single platform, MuleSoft asserts.
Those are some pretty lofty claims. But some big names are embracing MuleSoft's software. Eager adopters apparently include Cisco Systems, eBay, GE, Walmart and Verizon, among others. The company's core technology first reached customers in 2009 -- just as application provisioning, performance monitoring and other challenges were starting to spill over from on-premises systems out to the cloud and mobile devices.
So, why is Salesforce.com's VC arm so interested in MuleSoft? Surely, Salesforce wants its cloud CRM and App Exchange offerings to sit in the middle of all cloud connections. MuleSoft could be one way to get there...
More Fresh Funding
Meanwhile, additional tech startups that just received fresh funding include:
1. BetterCompany (San Francisco), which develops a workplace communications platform, raised $6 million in Series A funding led by BlueRun Ventures.
2. Coho Data (Palo Alto, Calif.), focused on web-scale flash storage for enterprise customers, raised $30 million in Series C funding led by March Capital Partners.
3. Cove (Washington, D.C.), which develops and operates shared, technology-enabled workspaces in Washington D.C., raised $2.8 million in Series A funding. The company will open similar locations in Boston later this year.
4. DataHero (San Francisco), which promotes self-service cloud BI, raised $6.1 million in Series A funding from multiple companies.
5. Directly (San Francisco), specializing in on-demand business apps, raised $10 million in Series A funding led by Costanoa Venture Capital.
6. FlyOnWall (Tel Aviv, Israel and New York City), a mobile live streaming specialist, raised $3 million in Series B funding. Investor names were not disclosed. Live streaming has been a particularly hot market area as Meerkat and Periscope moved into the limelight.
7. Justworks (New York), focused on HR systems and a payments platform, raised $13 million in Series B funding led by Bain Capital Ventures.
8. Logmatic.IO (Paris, France), which develops a log analytics platform, raised $1 million in funding led by ISAI Seed Club.
9. Speakeasy (San Francisco), which promotes mobile-first conference calling software, raised $5 million in Series A funding led by multiple companies.
10. Switch Communications (San Francisco), which develops a cloud-based business phone system for Google Apps, raised $35 million in Series C funding led by Amasia Associates.
That's all for now. If you're running a technology startup that just raised funding, let me know: Joe@AfterNines.com.
Subscribe: Want to receive our blog headlines in your inbox each business day (except when we go stealth on Fridays)? Then subscribe to our enewsletter. Thanks to those who already have.