Carl Durrek Carl is a gaming fanatic, forever stuck on Reddit and all-around lover of food.

Planning model marketplace Anaplan raises $100 million in funding

50 sec read

It’s a busy week for Anaplan: They open their user conference later today, announced $100M in new funding and introduced Anaplan Hub, a marketplace where customers can share and find pre-designed planning models ready to adapt and use. Company president and CEO, Frederic Laluyaux said you could think of the Hub like an app store for planners, but instead of containing apps or music and movies, The Hub contains pre-defined plans that enable Anaplan users to hit the ground running.

Veteran software executive Frederic Laluyaux knows that his company, Anaplan, just looked to raise a lot of cash in a market that’s taken big chunks out of the valuations leading public tech companies and forced others to slow down their IPOs. “We are seeing an adjustment in the market,” says Laluyaux. “It’s been pretty brutal for these companies who are doing well, it’s not like these guys aren’t selling anymore and there’s no interest in their businesses.” But Anaplan needed money now to pursue its growth, in a Series D round that Laluyaux says will be the last for the company before it moves to profitability and an eventual public offering in a few months. So Anaplan’s the latest tech company to raise a large funding round, a flat $100 million—but under tougher circumstances that its CEO says it was lucky to have the financials and backing to weather.

Avatar of Carl Durrek
Carl Durrek Carl is a gaming fanatic, forever stuck on Reddit and all-around lover of food.

Chicago tried and failed to use big data to…

Have you ever seen the movie Minority Report? If you haven’t, all you need to know is that it’s about a special police unit that’s able...
Avatar of Sal McCloskey Sal McCloskey
1 min read

Google believes artificial intelligence will be bigger than virtual…

When Mark Zuckerberg thinks about the future, he sees a world that’s dominated by mobile devices and virtual reality, but when Google CEO Sundar Pichai...
Avatar of Lorie Wimble Lorie Wimble
56 sec read

China wants to build floating nuclear power plants for…

I’m sure you’ve heard about that man-made island chain that China has built in the South China Sea, the one that’s been causing a...
Avatar of Alfie Joshua Alfie Joshua
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *