Jitterbit recently announced that it has secured $25 million in Series C funding. The API and data integration provider will use the injection to grow its sales and service teams, as well as expand their presence internationally, particularly in the EMEA and APAC regions. Jitterbit’s software platform enables companies to connect SaaS, on-prem, and cloud applications so they can bring disparate data together. The vendor has now raised a total of $45 million in four rounds since being founded in 2005.
The funding round was led by Kohlberg Kravis Roberts (KKR), a global investment firm with nearly $150 billion assets under management. KKR was also the lead investor in Jitterbit’s $20 million dollar Series B round in January of 2016. The firm is making this most recent investment from its Next Generation Technology Fund, which is KKR’s technology, media, and telecommunications growth equity arm. The latest funding round was oversubscribed so it was limited to only existing major investors.
In a press statement, Jitterbit’s CEO Goerge Gallegos spoke to the growth in the cloud integration marketplace: “The early bets we placed on the convergence of the API and hybrid cloud integration space have propelled Jitterbit into a leading position in the industry without relying on excessive amounts of capital, which is a central aspect of our approach to financing.”
In 2017, Gartner recognized Jitterbit as a leader in the Magic Quadrant for Enterprise Integration Platform as a Service report for the second year in a row.
Latest posts by Timothy King (see all)
- Did We Just Witness the Biggest Data Migration Fail in History? - March 20, 2019
- Trifacta Adds Data Quality Functionality to its Data Preparation Suite - March 20, 2019
- The Single-Most Overlooked Part of the Data Integration Process - March 15, 2019