Balderton Capital and AGF Private Equity Lead Series C Round of Investment in Open Source Data Integration Leader
Talend, the first provider of open source data integration software, today announced it has secured $12 million in Series C financing to help fuel further worldwide growth and company expansion. The funding round is being led by Balderton Capital, an early investor in MySQL, and existing investor AGF Private Equity bringing Talend’s total funding to more than $20 million.
Balderton General Partner Bernard Liautaud, the founder, CEO and Chairman of Business Objects for 18 years up until its eventual sale to SAP for $6.7 billion, will join Talend’s board of directors.
During 2008, Talend moved from being a disruptive innovator to an open source data integration leader. The popularity of Talend Open Studio, the Company’s flagship open source data integration solution, has risen sharply since its introduction more than two years ago with more than 3.3 million lifetime downloads. In the past twelve months alone, Talend’s paying customer base increased by more than 300 percent, steadily taking market share away from proprietary data integration tools such as Informatica PowerCenter or IBM WebSphere DataStage, and confirming the suitability and scalability of its solutions for enterprise projects of large and well-known companies.