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MuleSoft Lands $128 Million Investment Round Led by Salesforce

The new round brings MuleSoft's total capital raised to $259 million.

jtyler via iStock

MuleSoft, a software company that helps connect cloud applications so they can work together, has secured a $128 million investment round led by Salesforce Ventures, the investment arm of cloud software company

The investment brings the total capital raised by MuleSoft to $259 million and values it at $1.5 billion. ServiceNow, another cloud software company, also participated in the round as a strategic investor, as did Cisco Investments, the investment unit of networking giant Cisco Systems. Other new investors include Adage Capital Management, Brookside Capital and Sands Capital Ventures.

MuleSoft specializes in helping companies that use cloud applications like Salesforce and ServiceNow get those services working more closely together by way of application programming interfaces, or APIs. Programmers use APIs to customize how applications work and to get them to share data with other applications. MuleSoft maintains a repository of tens of thousands of APIs and allows access to them from a single cloud platform.

Its customers run the gamut from banks like Barclays, J.P. Morgan and Wells Fargo to automakers including BMW and Tesla and cloud companies like Box and Intuit.

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