Anaplan’s new CEO seems to have the company headed in the right direction. It just closed a $60 million funding round — and got a bump up in valuation.
Anaplan has raised $60 million in a new funding round that pushes its valuation to $1.4 billion, up from $1.1 billion.
The new funding marks a keystone moment for first-time CEO Frank Calderoni, a well-known Silicon Valley executive who formerly served as chief financial officer at Cisco and Red Hat.
The funding also indicates the company is heading in the right direction after a prolonged transition period between CEOs last year.
Anaplan, the unicorn startup taking on SAP and Oracle with its cloud-based financial planning software, appears to have resumed its rise.
The company just closed a $60 million funding round from existing investors. The round brings Anaplan’s valuation to $1.41 billion.
That’s not only up from its previous valuation of $1.1 billion, it’s marks a keystone moment for company CEO Frank Calderoni.
Tech: Anaplan looked like another troubled unicorn — but it’s back on track with a new $1.4 billion valuation
