Talend scores $12M for open-source data integration
Talend, maker of open-source data integration software, announced that it brought in $12 million in a third round of funding from Balderton Capital and AGF Private Equity to continue to scale its market presence around the world, especially in Latin America, Europe, the Middle East, Africa and the South Pacific region.
The Los Altos, Calif. company says its flagship product, Talend Open Studio, has a client base of 400 and is already used by big-name paying customers like Yahoo, Virgin Mobile and Sony. In the two years since its launch, it has been downloaded 3.3 million times — its usership increasing by 300 percent in just the last year. Based on its success, Talend plans to roll out several new data integration products this year. Further details have yet to be released.
Balderton Capital, based in London, is known for funding success stories Bebo and MySQL, acquired by AOL and Sun Microsystems respectively for major paydays.
Talend previously raised $8 million, including its last round — amounting to $3.5 million from AGF and Galileo Partners — in July 2007.
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