Talend Gets Another $8 Million in Funding

by Sam Dean - Apr. 19, 2010Comments (0)

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OSS Data Integration Provider Talend Gets $12 Million in Financing

Talend, which offers open source data management software and solutions, announced this morning that it has secured $8 million in Series D financing. Previous investors Balderton Capital, AGF Private Equity and Galileo Partners, all participated in the round. With the new $8 million investment, Talend has now raised a cumulative $28 million.

Talend has had a steady record of funding, and received $12 million last January. According to Bertrand Diard, the company's co-founder and CEO, in a statement:

“The recommitment of our existing investors is a giant vote of confidence for the aggressive steps we have taken in the last 12 months to expand our solutions to meet our customers’ most complex data integration challenges.This investment will help us further accelerate the dynamics of the market by expanding our business operations and launching breakthrough products that are turning a proprietary, complex and cost-prohibitive technology market into one that is driven by solutions like Talend MDM that most organizations can afford to deploy.”

The company claimes that its primary open source data solutions have been downloaded more than seven million times, and that it has over 1,000 customers. Talend Open Studio is the company's flagship data integration product, and you can watch videos and webinars of its products at the company's web site.

The size of the investment in Talend is notable in a year where VC funding for commercial open source companies hasn't lived up to many early predictions. There is still money flowing toward commercial open source companies that are posting good results.