One of the rising stars in the rapidly growing area of big data integration, Talend, has just closed on a big $40 million round, bringing the total amount of funds they’ve raised thus far to ~ $100 million. Having raised several previous rounds from various investors (including, Silver Lake Sumeru, IDInvest, Galileo, Balderton, etc), Bpifrance, Iris Capital and existing investor Silver Lake Sumeru joined on their latest round.
While big data has become a very hot topic in recent years, companies and individuals are quickly realizing that in order to fully capitalize on the potential of ‘big data’, someone has to identify, collect, analyze and, simply, make sense of all this information. Talend and competitors such as Informatica have positioned themselves as the players to do this. Talend, however, looking to deploy their newly secured $40 million to set themselves apart from the pack in this increasingly competitive space.
Not deviating from their open source software foundation, first priority with their new funding will be to execute aggressively on their product roadmap. Given that they’ve positioned themselves as the only integration solution running natively inside the Hadoop Big Data software platform, their roadmap is laser focused on Hadoop technologies. Their next big priority will be expansion – building on their very strong international presence (they’re currently in 8 markets) and pushing hard on their sales and marketing efforts to fuel organic growth in its opensource business.
The other big goal for Talend that looks to be in the cards is an IPO. Having built out an international business, with presence in 8 markets, home offices in Silicon Valley and France, and multi-national management team, they’ve clearly sought build a big, global leader from the start. The comparison and similarities with Criteo’s trajectory are obvious and, hopefully for them, will have the same ‘conclusion’. Talend looks to be on their way to becoming France’s and Europe’s next big tech success story.