Today we’re excited to announce a new funding round that will take Talend to the next stage of our evolution as a company. We just closed a $40 million funding round led by a major new investor, BPI France. BPI France is the investment arm of the French government, which seeks out innovative companies with strong French ties. BPI always invests in tandem with a private venture capital firm, often Iris Capital who is joining them in their Talend investment, alongside our existing investors. Although we weren’t out fundraising at this point, the funding is a terrific opportunity for Talend. It allows us to accelerate some investments that we would otherwise have made a year or two from now in product innovation and go to market.
At Talend our vision is to enable customers to get instant value from all of their data. One of the most important new areas that’s in line with our vision is big data, and with the new funding we’ll focus on extending our lead in that area. The big data market is exploding right now due to the disruptive economics of Hadoop, and it’s evolving faster than any other part of the IT landscape. Companies are discovering that they can analyze enormous amounts of data for a tiny fraction of the cost of traditional data warehouses, and that enables new scenarios that otherwise wouldn’t have been possible. Some of the first challenges that they have to deal with is how to get a huge variety of data into their Hadoop clusters, and how to design an architecture that scales seamlessly and is easily deployable and manageable. Our native Hadoop approach allows customers to take advantage of the largest set of connectors to bring data in, and then transform and cleanse the data at full speed across their entire cluster – with no additional software to install on every node. That “zero footprint” native approach allows customers to take full advantage of Hadoop’s scalability, and not incur any additional deployment, management or monitoring overhead. With the new money we’ll invest in ways for customers to continue their big data journey as they start working with streaming and real time data.
On the go to market front, we’ll invest significantly in inside sales as well as building our community, partner and channel ecosystems. As an open source company we get tens of thousands of users downloading and trying our products every month, but we haven’t focused as much effort as we could on fostering that community, helping them be successful, and guiding them to the right solution for their needs. Similarly we’ll scale up our partner ecosystem, working with complementary solution providers, resellers, and technology companies.
The coming year will be an exciting one for Talend. We’ll continue work with our big data partners to reinvent the world’s data infrastructure, providing a disruptive solution that enables customers to get instant value from all their data.