Open source data integration software maker Talend has raised $12 million in Series C financing from Balderton Capital and previous investor AGF Private Equity. Balderton’s Bernard Liautaud is joining their Board of Directors.
The company says its flagship product, Talend Open Studio (demo video), has seen over 3.3 million downloads so far, and Talend boasts about having 400 paying customers (an increase of more than 300 percent over the past 12 months) and over 100 partners. Talend intends to use the funds (which according to the blog post announcing the deal, were “no small feat” to raise in these economic times) to expand global operations into the Americas, EMEA and Asia-Pacific, and introduce a number of new products in the course of this year.
Talend had previously raised two rounds of funding, so this investment brings its total financing to close to $20 million.
Talend is not the only venture-backed company trying to disrupt the data integration software market with an open-source product; SnapLogic has raised over $2.5 million for a similar service.
London-based Balderton Capital has done a couple of notable investments so far, such as Bebo (the social networking site that was sold to AOL for $850m) and MySQL (the open-source database business, sold to Sun for $1 billion). This is their first investment since they raised a new fund to the tune of $430 million two weeks ago.
(Thanks to Marc Brandsma for the tip)
Cobgrats to Talend. A wonderful product and certainly well deserved.
Roy / Magento
Its good that Open Source will finally get some boost
hi!
Good for Talend. Goes to show that if you get enough traffic, you can get enough paying customers to create a tidy business.
Everyone need Data Integration and Talend provides great tools (for free !). Good job guys!
Congratulation to Talend… One of the best solution in the open source world !
Chapeau bas messieurs
)
Way to be a Leader! And not just another sheep in the flock!
Best
The websitealive.com Team
What’s the license for this “open source” product? BSD? MIT? GNU GPL? GNU AGPL? I couldn’t find a license in the source directories :/
AFAK they are LGPL
Talend uses the GPL v2 license. This is mentioned at the top of our download page: http://www.tale...om/download.php.
Yves @ Talend
Just saw a demo from them on Friday and was very impressed…can’t wait to get a block of time to really take their tools on a test run. Good for them, and good for open source!!!!
Congrats to Talend. I’m curious about their numbers though – in the news last October they claimed 500,000 downloads.
What event occurred to increase from 500k to 3.3 million in 2 months? That’s quite a leap… questionable stats from a private open source company again, go figure.
@JakeT – depends if you count software downloads (presumably october’s figure) or Lifetime Downloads (industry standard) that includes documentation, aso.
I think Talend is announcing Lifetime Downloads, as it is the Open Source Industry Standard now. Even though, 3,3M seems a bit high.
@Marc – you are correct, we are tracking both numbers. Core Product Downloads (unique downloads of our core GPL products, Talend Open Studio and Talend Open Profiler) were at 700,000 at the end of 2008, and Lifetime Downloads at 3.3 million. The Lifetime number includes source code, doc, add-on modules (connectors essentially), and tutorials. Hope this clarifies the matter.
Yves @ Talend
Is there any information about who is financing Fusion (http://fusion.codeglide.com). It is an open source data integration platform.
Company unknown & there’s nothing on the web site. May be you can tell us, as you seem to have some intimacy with it.
Besides, way too extended product portfolio. No company can provide good products in CRM, Data Integration, and Enterprise Collaboration at the same time. Company’s way too stretched.
You are right, I guess that Oracle, SAP, Microsoft and all companies offering multiple products should give up and only offer one just like you do.
@Mark: get me right here, I say that FOR A STARTUP it is way too much to accomplish at the same time. Those companies you’re mentioning are hardly startups.
@daniel A private investor and now there is a second round coming from Tech Coast Angels
What Talend have achieved with their product is superb. Near enterprise power FOC. I’ve used it to train people in a low cost way before. People have been able to get up and running with it very quickly.