MuleSoft raises $50 million in funding

Despite all the talk of one-vendor software suites taking over the world, most big companies still run a bewildering array of on-premise and SaaS applications. MuleSoft, which pitches its Anypoint software as the connectivity hub for all that craziness, just closed a $50 million Series F round, bringing total venture investment to $130 million.

What’s more fun than fighting in the trenches of the enterprise software battle between heavyweights like Salesforce.com, Oracle and SAP? Making money by helping their customers keep their heads straight as they choose from the menu of software systems, applications and APIs available, taking a piece of the $500 billion spent annually on integration. That’s the thinking that led MuleSoft to get its name–for easing the difficulty of such IT “donkey work”–and it’s also an approach that has earned the startup a large new funding round, as the San Francisco systems integrator has raised a new $50 million round led by three name-brand venture firms, New Enterprise Associates, Lightspeed Venture Partners, and new investor Meritech Capital Partners.

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