Talend, an open-source data integration company based in Los Altos with offices in Paris, has raised $40 million from Bpifrance and Iris Capital with participation from existing investor Silver Lake Sumeru, Tech Crunch reports.
Talend will use the investment to pursue an IPO and be more aggressive in its product roadmap, particularly with a focus on Hadoop technologies. In total, Talend has now raised $101.6 million.
With the funding, Talend will also invest in its inside sales and marketing to build incremental growth from its open-source business. “We are an open source company, we have free downloads,” said Talend CEO Mike Tuchen. “We get tens of thousands of downloads every day. Whenever you do a download based approach, you figure it out after they download — it’s more of a bottoms up approach than streaming a top down segmented approach.”
BpiFrance is a French public investment house that specializes in helping companies do initial public offerings. “We’re building a fast growing market leader which we believe has the potential to go public,” Tuchen said in an email. “Of course, the standard caveats apply about not being able to predict the future.”