MuleSoft, an API-led connectivity platform software provider, announced it has secured an enormous $128 million financing round led by Salesforce Ventures. Mulesoft declares its mission is to connect the world’s applications, data and devices - to be an authoritative voice on application programming interfaces (APIs).
Bringing the total financing raised to date to $259 million, MuleSoft says the new Series G financing will help the company accelerate its technology platform innovation, as well as fuel its international expansion and extend its reach to serve global enterprise customers. It also brings the company into a new league, valuing it at $1.5 billion.
Participating in this financing round was new strategic investor ServiceNow, as well as Cisco Investments, an existing strategic investor.
The 9 year old global company said 2014 was the most successful year in company history, with a number of new customers and bookings surpassing $100 million.
MuleSoft's product offerings show up in 3 different Gartner Magic Quadrants, for on-premise application integration suites, application services governance, and enterprise integration as a service.
MuleSoft CEO Greg Schott said that APIs are "the rocket fuel for connecting what’s never been connected before." Schott added that his company "is positioned to seize this tremendous market opportunity with a world-class team, innovative technology and an impressive customer base. This investment validates our vision to attack the largest unsolved problem in IT with a platform for API-led connectivity."
MuleSoft is in good position to capture the changing nature of applications. Rather than traditional, monolithic applications, the trend is towards micro-services, or several apps performing functions that used to be performed by one big application. These applications and services need to tie-in and integrate with one another, which is where the API, and MuleSoft's offerings, come in. It's API-led connectivity builds on the tenents of Service Oriented Architecture tuned for today's application services.