Talend, a Big Data integration software company, has announced the completion of a $40m funding from Bpifrance and Iris Capital with participation from existing investors Silver Lake Sumeru, Balderton Capital and Idinvest Partners.
Talend will aim to use the investment to accelerate innovation, augment its portfolio and support its go-to-market efforts in the Big Data space and other leading edge domains for enterprise IT.
According to research firm IDC, spending on Big Data technologies and services will grow by 30% in 2014, surpassing $14bn. However, as demand for Big Data skills continues to outstrip supply, organisations looking at innovative use cases to increase revenue, maximise retention or optimise operations are still facing significant adoption and deployment challenges.
Bertrand Diard, co-founder and chief strategy officer of Talend said: "Our advantage is simple. The ability of Talend’s solutions to evolve within a quickly changing technology landscape enables organisations to remove barriers to the adoption of modern data platforms such as NoSQL or Hadoop. With our unique architecture and scalable platform, Talend helps companies of all sizes obtain a fast return on their data assets, regardless of how they need to use them."
Talend provides customers with solutions that allow them to accelerate the time-to-value of any integration project through a simplified process and to ensure the consistency of integration processes across projects and integration styles. Setting itself apart as the only integration solution running natively inside Hadoop, Talend for Big Data leverages the power of open source-driven innovation to deliver unmatched support of the latest variations of big data platforms such as Hadoop 2.0/YARN and NoSQL.
Thierry Sommelet, senior investment director at Bpifrance, commented: "Thanks to the quality of their solutions, coupled to an enterprise open source model, Talend has acquired an impressive customer portfolio and competes successfully against established players. We are very happy to join the existing investors to continue and accelerate the growth of the company in the global market."