Palo Alto based cloud corporate performance management (CPM) provider raised $75m of Series G funding.
Adaptive is today announcing a new $75 million investment round. New investor JMI Equity joins the round along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures, and Information Venture Partners. JMI Equity is focused on high-growth enterprise software companies and previously backed Eloqua and ServiceNow. There is no doubt that in this high-paced age, finance executives need more efficient and robust tools that spreadsheets to plot the course their organizations should take. Adaptive is riding this wave and growing strongly. The company claims 50 percent year-on-year growth in terms of total annual recurring revenue and international growth of 75 percent in Q1 alone.