Anaplan Raises $30 Million for Cloud-based Planning Service

Anaplan, a start-up offering cloud-based modeling and planning solutions for finance and operations, closed $30 million in new venture financing. Using cloud resources, the San Francisco-based company helps corporate customers to dynamically test their operational plans, manage complex multi-dimensional models, collaborate across functions and regions, and share insights and content.

Meritech Capital led the round, along with existing investors Granite Ventures and Shasta Ventures. Anaplan recently opened offices in the UK, France, Sweden and Singapore.

“The enterprise planning and modeling market has been under-innovated for 10 years and is ready to be profoundly disrupted. Anaplan is that long-awaited innovation,” said Anaplan CEO Fred Laluyaux.

http://www.anaplan.com