Tracxn - Paas Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - PaaS - Jun 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on June 26, 2018.
PaaS Feed Summary
4
PaaS > Feed Summary
The feed aims at collating cloud computing services that provides a platform allowing customers to develop, run, and manage
applications without the complexity of building and maintaining the infrastructure typically associated with developing and launching an
app.
• Inclusions: Companies providing self contained cloud
environments for designing, building, deploying and
managing enterprise applications. The feed also
incorporates cloud-based integration solutions for both
the server and data infrastructures, as well as middleware
and cloud based industry specific solutions for app
development , deployment and hosting.
• Exclusions: End user empowering cloud based
software/application development firms and products.
Platforms for game development.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$6.5B
Funding
35
Mega
Companies
335813
FundedCovered on
Tracxn
4
Unicorns
14
Soonicorns
9
Minicorns
16
IPO’d Cos
156
Late Stage Cos
39
25
Acquisitions
77
DeadPooled
90
Acquihired
Series A+ Cos
OutSystems
(2001, Lisbon, $422M)
TIBCO
(1996, Boston, $4M)
SAP
(1972, Walldorf, Public)
Top Companies

Investment Trend Summary
Summary of Funding Activity in PaaS
5
$653M - Series C
Pivotal Software (2012, Palo Alto, $1.7B)
$45M - Series D
Reltio (2011, Redwood City, $117M)
$250M - Series D
WP Engine (2010, Austin, $290M)
$45M - Series E
Skytap (2006, Seattle, $109M)
$61.8M - Series E
Docker (2008, San Francisco, $243M)
$42M - Series B
Finicity (2000, South Jordan, $42.1M)
$55M - Series D
Auth0 (2012, Bellevue, $110M)
$40M - Series F
SnapLogic (2006, San Mateo, $144M)
$48M - PE
Bizagi (1989, Chalfont Saint Peter, $48M)
$40M - Series C
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
PaaS > Feed Summary > Investment Trend Summary
Seed Bloomberg Beta (#2), Data Collective (#2), Divergent Ventures
(#2)
Series A/B
AME Cloud Ventures (#3), Insight Venture Partners (#3),.406
Ventures (#2)
Series C+
Meritech Capital Partners (#3), Sapphire Ventures (#3), Cisco
Investments (#2)
Incubators Y Combinator (#9) Techstars (#8) Plug and Play Tech Center (#3)
Other Notable
Investors
Accomplice (#4), Salesforce (#4), Ericsson (#3)
Debt Investors
Harbert Management (#2), Kohlberg Kravis Roberts (#2), Idinvest
Partners (#1)
Most Active InvestorsRecent Investments
86
100
91
68
16
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 82 82 81 56 51 17
$1.4B
$610M
$871M
$1.1B
$510M
$830M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$5.5B
$734M
$192M
$13.5M
$11.2M
US
Europe
Israel
Canada
India
$ Funding

Summary of exit outlook in PaaS
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Sequoia Capital 4
Altiscale (2012, Palo Alto, $42M)
Insight Venture
Partners
3
Alteryx (2010, Irvine, $163M)
New Enterprise
Associates
3
MuleSoft (2006, San Francisco, $259M)
Appian (1999, Reston, $47.5M)
Lightspeed Venture
Partners
3
Salesforce 3
Informatica (1993, Redwood City, $4M)
Mar 2018 MuleSoft Acq by Salesforce for $6.5B
Aug 2015 Informatica Acq by Permira investment for $5.3B
Aug 2015 1010data Acq by Advance for $500M
Sep 2014 TIBCO Acq by Vista Equity Partners for $4.3B
Apr 2014 Rhomobile Acq by Zebra Technologies for $3.4B
Apr 2007 webMethods Acq by Software AG for $546M
PaaS > Feed Summary > Exit Outlook Summary
Cisco 2 CliQr (Mar 2016, $260M), Cloupia (Nov 2012, $125M)
Google 2 bebop.co (Nov 2015, $380M) Cask (May 2018)
EMC 1 Pivotal Software (Mar 2012)
Vista Equity
Partners
1 TIBCO (Sep 2014, $4.3B)
Permira
investment
1 Informatica (Aug 2015, $5.3B)
Recent IPOs Top Acquisitions
Fujitsu Jul 2013
Technology Products, Solutions and Servic…
IPO MCap: - Current MCap: -
Buddy Dec 2006
Cloud based data management platform
IPO MCap: $3.9M Current MCap: -
MobileSmith Apr 2005
Mobile Apps Development Platform
Attunity Jan 2003
Big Data Management Solutions
IPO MCap: - Current MCap: $224M
Appian May 2017
Business Process Management Solutions
IPO MCap: - Current MCap: $1.9B
Alteryx Mar 2017
SaaS Analytics Business Suite
IPO MCap: $822M Current MCap: $2B
Bodhtree May 2015
Cloud Analytics, digital solutions and cl…
IPO MCap: - Current MCap: $18.8M
Terrasky Apr 2015
SaaS based cloud integration platform

FACTSHEET
Overview
Companies 813
Funded 335 Series A+ 156
Funding $6.5B Last 2 yrs $1.7B
Most Active Investors
Seed Data Collective (2)
Series A/B Insight Venture Partners (3)
Series C+ Sapphire Ventures (3)
Others Accomplice (4)
Incubators Y Combinator (9)
Top Cities
Bay Area 158 Cos $3.5B
Austin 18 Cos $435M
Feed in Numbers
Unicorns 4 Soonicorns 14
Minicorns 9 Editor Picks 51
Acquihired 90 Deadpooled 77
Top Companies
SAP (1972, Walldorf, Public)
OutSystems (2001, Lisbon, $422M)
TIBCO (1996, Boston, $4M, Acq)
Exits
IPOs 16 Alteryx, Appian
Acquisitions 25 Informatica, MuleSoft
Top Acquirers Cisco, Google
Marketmap: PaaS
BaaS
INTEGRATED
SERVERLESS*
SERVERLESS
DBaaS
ANALYTICS
DATA PaaS
mBaaS
BPM
iPaaS
PLATFORM
PLATFORM & DEV TOOLS
PURE PLATFORM
MOBILE
MICROSERVICES*
CMS
ARTIFICIAL INTELLIGENCE*
IoT*
TECHNOLOGY PLATFORM
BLOCKCHAIN*
For any Feedback and Query reach out to MyAnalyst@tracxn.com
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
PaaS > Feed Summary > BlueBox
7

Key Sub Sectors in PaaS Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Platform & Dev Tools >
Integrated 259 $549M 20
iPaaS 117 $145M 14
Pure Platform 126 $110M 5
Data PaaS >
Analytics 22 $46.5M 6
Data PaaS >
DBaaS 45 $35.1M 6
Technology Platform >
IoT 28 $20.7M 6
Platform & Dev Tools >
Mobile 29 $30.6M 5
Serverless Computing >
Integrated Platform 20 $11.4M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Pure Platform
Companies providing cloud platforms and containers
126 60 $2.7B
Platform & Dev Tools
Companies providing cloud platforms, cloud-based
IDE's, code handling, deployment and application
management tools
310 104 $1.7B
BaaS
Companies providing Backend as a Service (BaaS)
platforms to build applications
124 57 $715M
iPaaS
Companies providing integration Platform as a Service
(iPaaS)
117 55 $697M
Data PaaS
Companies that provides a data platform as a service
for data integration and management
68 34 $577M
Technology Platform
Companies that provide cloud-based platform to
develop an application leveraging technology...
38 17 $129M
Serverless Computing
Companies providing Serverless computing for cloud-
native applications
28 8 $36M
PaaS > Feed Summary > Summary of Key Markets

List of Notable Companies in PaaS
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
PaaS > Feed Summary > Notable Companies in the Sector
Public
Alteryx
(2010, Irvine, $163M)*
Buddy
(2006, Seattle)
Appian
(1999, Reston, $47.5M)
SAP
(1972, Walldorf)
Alphinat
(1998, Montreal)
Vitria Technology
(1994, Sunnyvale)
Attunity
(1988, Kfar Saba)
Bodhtree
(1999, Pleasanton)
Fujitsu
(1935, Tokyo)
Magic Software
Enterprises
(1983, Or Yehuda)
Public
MobileSmith
(1993, Raleigh)
NEC
(1899, Tokyo)
Progress
(1981, Massachusetts)
Software AG
(1969, Darmstadt)
Terrasky
(2006, Tokyo)
T-Systems
(2000, Bonn)
Acquired
MuleSoft
(2006, San Francisco, $259M)
Informatica
(1993, Redwood City, $4M)
TIBCO
(1996, Boston, $4M)
Rhomobile
(2008, San Jose)
webMethods
(1996, Reston, $12M)
1010data
(2000, New York City, $35M)
SeeBeyond Technology
(1989, Monrovia)
bebop.co
(2012, Los Altos)
Actian
(2005, Redwood City)
CliQr
(2010, Santa Clara, $39.4M)
Acquired
Joyent
Pervasive Software
(1994, Austin)
Altiscale
(2012, Palo Alto, $42M)
Cloupia
(2009, Santa Clara, $3.5M)
Plesk
(2000, Schaffhausen)
ManageIQ Community
(2006, Mahwah, $5.4M)
Rpath
(2005, Raleigh, $32.5M)
Unicorns
Pivotal Software
(2012, Palo Alto, $1.7B)
Docker

List of Notable Companies by Market in PaaS
Notable Companies by Market (1/6)
11
PaaS > Feed Summary > Notable Companies by Market
Pure Platform
Pure Platform
Enterprise Platform as a Service
Unicorn. Stage: Acquired
Ford, Microsoft, General Electric and 4 Other
Investors
LXC based OS-level virtualization technology and
PaaS
Unicorn. Stage: Series E
Sequoia Capital, Benchmark Capital, Greylock
Partners and 19 Other Investors
Joyent (2004, San Francisco, $120M)
Cloud computing suite for large enterprises,
developer of Node.js, and network management
Stage: Acquired
EPIC Venture Fund, El Dorado Ventures, Orascom
TMT investments and 6 Other Investors
Pure Platform
Stratoscale (2013, Herzliya, $69M)
Platform to run modern applications on-prem and
DCIM for software defined data centers
Soonicorn. Stage: Series C
Qualcomm Ventures, Intel Capital, Cisco
Investments and 4 Other Investors
Wso2 (2005, Mountain View, $40.5M)
Lean enterprise middleware vendor
Soonicorn. Stage: Series D
Pacific Controls, Toba Capital, Cisco and 3 Other
Investors
ManageIQ Community (2006, Mahwah, $5.4M)
IT Cloud Management
Stage: Acquired
bebop.co (2012, Los Altos)
Development Platform to Build and Maintain
Enterprise Applications
Stage: Acquired
Sequoia Capital, Andreessen Horowitz
Integrated
Rapid application delivery platform for enterprises
Kohlberg Kravis Roberts, Goldman Sachs, North
Bridge and 2 Other Investors
Kony (2007, Austin, $113M)
Mobile Application Platform Provider
Soonicorn. Stage: Series E
Diebold Nixdorf, Insight Venture Partners, Telstra
and 7 Other Investors
ClearDATA (1999, Phoenix, $54.4M)
Cloud computing platform and information security
services company for healthcare providers.
Merck Global Health Innovation Fund, Norwest
Venture Partners, Excel Venture Management and 4
Other Investors

12
Integrated
Appian (1999, Reston, $47.5M)
Stage: Public
New Enterprise Associates, Novak Biddle Venture
Partners, Saints Capital
CliQr (2010, Santa Clara, $39.4M)
Cloud application migration, deployment and
management
Stage: Acquired
TransLink Capital, GV, Foundation Capital and 3
Other Investors
Mendix (2005, Boston, $38M)
App Platform for the Enterprise
Soonicorn. Stage: Series B
Battery Ventures, Prime Ventures, henQ
Rpath (2005, Raleigh, $32.5M)
Cloud computing and app management
Stage: Acquired
North Bridge, Wakefield Group, General Catalyst
Partners
Integrated
Cloupia (2009, Santa Clara, $3.5M)
Offered cloud automation and management
Stage: Acquired
Alphinat (1998, Montreal)
Rapid application development platform for
building web and mobile applicaitions
Stage: Public
Government of Canada
Magic Software Enterprises (1983, Or
Yehuda)
MDM, app builder & enterprise integration solution
Stage: Public
Plesk (2000, Schaffhausen)
WebOps platform
Stage: Acquired
Almaz Capital
Integrated
Progress (1981, Massachusetts)
Development, Deployment and Management of
business applications, on premise or cloud
Stage: Public
Sequoia Capital, Valhalla Partners, Inventus Capital

13
Mobile
Sapho (2014, San Bruno, $26.5M)
Enterprise MADP solution and Google Now like
apps for enterprise
Caffeinated Capital, Felicis Ventures, Alsop Louie
MobileSmith (1993, Raleigh)
Stage: Public
Rhomobile (2008, San Jose)
The Enterprise Mobility Company
Stage: Acquired
Signal Peak, Dalus Capital
iPaaS
iPaaS
Saas based Integration platform for connecting
enterprise applications
IVP, Cisco Investments, ServiceNow and 15 Other
Investors
iPaaS for enterprise applications
Soonicorn. Stage: Series F
Vitruvian Partners, Andreessen Horowitz, Ignition
webMethods(1996, Reston, $12M)
Software for application integration, business
process integration, and B2B partner integration
Stage: Acquired
Goldman Sachs, Accelerator Ventures, Valhalla
iPaaS
Celigo (2005, San Mateo, $8M)
Cloud Based Integration with NetSuite
TVC Capital, Montage Capital
TIBCO (1996, Boston, $4M)
Infrastructure and business intelligence software
Virgo Capital, eLab Ventures, Draper Esprit and 5
Other Investors
Data Integration Software
Stage: Acquired
SVG Capital, Partech, Lightspeed China Partners and
5 Other Investors
SAP (1972, Walldorf)
Enterprise application software
Editor's Pick. Stage: Public
Herald Investment Management, Quest for Growth,
Momenta Partners

14
iPaaS
iPaaS
Actian (2005, Redwood City)
SQL in Hadoop and MPP Database
Stage: Acquired
Garnett & Helfrich Capital
Attunity (1988, Kfar Saba)
Stage: Public
Viola Group, ProSeed Venture Capital Fund, Herald
Investment Management and 1 Other Investors
Bodhtree (1999, Pleasanton)
Cloud Analytics, digital solutions and cloud data
integration.
Stage: Public
Equivas Capital
Fujitsu (1935, Tokyo)
Technology Products, Solutions and Services
Stage: Public
NEC (1899, Tokyo)
Integration of IT and network technologies provider
Stage: Public
iPaaS
Pervasive Software (1994, Austin)
Data Integrator : iPaaS
Stage: Acquired
Austin Ventures
SeeBeyond Technology (1989, Monrovia)
Business integration software
Stage: Acquired
Insight Venture Partners
Software AG (1969, Darmstadt)
provides BPM, Data Management, GRC solutions
and Consulting Services
Stage: Public
Terrasky (2006, Tokyo)
Stage: Public
Salesforce
T-Systems (2000, Bonn)
Information and Communication Technology
Solutions
Stage: Public
BaaS
Integrated
Buddy (2006, Seattle)
Stage: Public
Transmedia Capital, Crestlight, HEDA Ventures and
1 Other Investors

15
BaaS
BPM
Vitria Technology (1994, Sunnyvale)
Advanced Analytics Platform
Stage: Public
Weston Presidio, Sutter Hill Ventures
Identity & Access
Cloud-based identity platform for CIAM, and B2B &
employee credentialing
Sapphire Ventures, World Innovation Lab,
Bessemer Venture Partners and 9 Other Investors
Data PaaS
DBaaS
Qubole (2011, Santa Clara, $75M)
Big Data services on Cloud
Singtel Innov8, Harmony Partners, Charles River
Ventures and 4 Other Investors
Hosted Hadoop as a Service
Stage: Acquired
Northgate Capital, Sequoia Capital, General Catalyst

16
Data PaaS
Analytics
Alteryx (2010, Irvine, $163M)
Soonicorn. Stage: Public
Iconiq Capital, Insight Venture Partners, Meritech
Capital Partners and 3 Other Investors
1010data (2000, New York City, $35M)
Cloud - Big Data Analytics
Stage: Acquired
Norwest Venture Partners, Founders Guild
Technology Platform
Artificial Intelligence
Artificial Solutions (2001, Barcelona, $18.6M)
Platform for Natural Language Interaction
development
Scope Capital Advisory, Western Technology
Investment
IoT
PubNub (2010, San Francisco, $46.6M)
Provides cloud- based platform for Real-Time IoT
Apps to scale
Cisco Investments, Ericsson, Sapphire Ventures and
9 Other Investors

Recent News in PaaS Sector
Recent News
17
PaaS > Feed Summary > Recent News
Jun 2018
Rescale announces new hybrid innovations to its HPC cloud
platform, PR Newswire
Jun 2018
Cloud Security In Healthcare Market Infrastructure, Solutions,
Application and Services Analysis by IBM, SAP, NTT Data, Oracle,
TCS and Future Forecast till 2023, Digital Journal
Jun 2018
Fujitsu Enhances Cloud Services Portfolio to Support the Digital
Transformation of Customer Businesses, ACN Newswire
Jun 2018
Fintech Software 2018: Global Market Forecast to 2022 - Key
Players are Accenture, IBM, Microsoft, Oracle, Red Hat and SAP -
ResearchAndMarkets.com, Business Wire
Jun 2018
Wavemaker India retains media mandate for Policybazaar.com &
Paizabazaar.com, Adgully
Jun 2018
Exadel Launches Webcast Series to Address Software Engineering
Challenges in Digital Transformation, PR Newswire
Jun 2018
A1 Digital and Software AG Forge Strategic Alliance for the Internet
of Things (IoT) using Cumulocity IoT, IoT Business News
Jun 2018
Liaison Technologies Taps Go-to-Market Expert Bill Macaitis as
Demand for Groundbreaking ALLOY Platform Soars, PR Newswire
Jun 2018
Deliver on-time and on budget with SmartGuide low-code platform,
GlobeNewswire
Jun 2018
Fujitsu Eternus LT Tape Librairies With LTO-8 Drives,
StorageNewsletter
Jun 2018
Reuters: SAP wants to double CRM business in two years, Seeking
Alpha
Key Recent News Key Recent News
Jun 2018
Reltio Named A Leader in Machine Learning Data Catalogs by
Independent Research Firm, PR Newswire
Jun 2018
TrackVia Boosts Productivity with Game-Changing Features for the
Enterprise, PRWeb
Jun 2018 SAP named the best IoT employer, Gigabit Magazine
Jun 2018
Sanmina Wins Technology Award from Fujitsu Network
Communications, PR Newswire
Jun 2018 Deutsche Telekom's T-Systems to cut 10,000 jobs - CEO, Reuters
Jun 2018
Fujitsu Completes Post-K Supercomputer CPU Prototype, Begins
Functionality Trials, ACN Newswire
Jun 2018 NEC Corporation to set up NEC Laboratories India, Indiatimes
Jun 2018
Fujitsu Launches Edge Product Certification Program for
"COLMINA" Manufacturing Solution, ACN Newswire
Jun 2018
Algerian Smartphone Maker Bomare Adopts NEC's Facial
Recognition Software for Android OS Smartphones, The Fast Mode
Jun 2018
Intel Promotes Hardware-Based Security For Blockchain And AI,
CRN
Jun 2018 Law firm buys Worcester headquarters, TheBusinessDesk
Jun 2018
Sapho Extends its Employee Experience Portal to Support the
Hourly Workforce, PR Newswire
Jun 2018
Arvato Accelerates Digital Transformation with SAP® Model
Company for HR, PR Newswire

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
18
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$216M
$298M
$1.4B
$610M
$871M
$1.1B
$510M
$830M
0
10
20
30
40
50
60
70
80
90
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in PaaS; 2011-2018
Global Funding Trends (1/2)
20
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
PaaS > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 15% # of Rounds15% $ Funding
1% # of Rounds
6% $ Funding

23 34 40 37 36 21 16 5
31 28 34
30 29 25
24
5
1 7
8 15 16
10 11 7
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
55
17
Total # of Rounds
$26M $21M $33M $32M $30M $13M $18M $13M
$180M
$127M
$179M
$330M
$158M $209M
$177M
$63M
$10M $150M $1.2B $247M $683M $835M $315M $754M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$0K
$140M
$1.1B
$379M
$697M
$909M
$355M
$776M
0
2
4
6
8
10
12
14
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
21
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in PaaS; 2011-2018
PaaS > Investment Trends > Global Funding Trends
69
33
31
31
18
13 1
196
$2M $6.9M
$0.0M
$5.0M
$10.0M
$15.0M
$20.0M
$25.0M
$30.0M
$35.0M
0
50
100
150
200
250
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
- 3 3 10 13 9 10 6 $2M $30.9M $1.5M $2.2M $2.3M $4.9M $4.5M $6.9M
$216M
$830M
Total $ Invested

PaaS > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in PaaS
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 3.5B 217
Austin 435M 31
Lisbon 422M 5
Bellevue 337M 14
Irvine 163M 4
Herzliya 153M 10
Seattle 138M 10
Reston 100M 16
Boston 91.8M 23
Putten 80M 1
Total Funding
142
71
23
4
19
4
1
# Rounds
$5.5B
$734M
$192M
$13.5M
$11.2M
$2.7M
$50k
US
Europe
Israel
Canada
India
Australia
SEA
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$1.2
$0.9 $1.0 $1.2 $1.0
$0.8
$1.4
2011 2012 2013 2014 2015 2016 2017
$6.4
$3.6
$5.3
$4.3
$5.7 $5.7 $5.0
$7.5
$9.7
$6.8
$16.9
$7.0
$15.5 $16.1
$10.0 $25.0
$144.2
$17.7
$48.8
$104.4
$31.5
PaaS > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in PaaS; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$11.2K* $6.4M
$728K $19.1M
$400K $60M
$86.8K $948M
$23.3M
$8.7M
$4.3M
$700K
Series C+
Series B
Series A
Seed
Stage

Note: 97 companies with undisclosed funding amount are not included
24
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
50
109
66
8
13
No. of Companies
PaaS > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in PaaS; as of Jun 2018
Distribution of companies by Funding Range
$18M
$447M
$1.6B
$504M
$4.B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
41%
19%
10%
5%
25
Note: Numbers in the brackets show the count of companies
Time to raise
next round
39
80
156
335
813
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
41% 6%
(47)
4%
(33)
12%
(98)
9%
(77)
37%
(303)
47% 14%
(47)
10%
(33)
21%
(72)
4%
(15)
27%
(92)
51% 17%
(26)
8%
(12)
28%
(44)
3%
(5)
17%
(27)
49% 28%
(22)
10%
(8)
24%
(19)
1%
(1)
26%
(21)
- 38%
(15)
13%
(5)
15%
(6)
- 23%
(9)
PaaS > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in PaaS
Funding Funnel
16 Months
19 Months
23 Months
Investment backedBootstrapped
14
4
25
16
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
PaaS > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in PaaS; Jun 2016-Jun 2018
Notable Investments in last 24 months (1/4)
LATE STAGE
$360M - Series D Jun 2018
Kohlberg Kravis Roberts, Goldman Sachs
$250M - Series D Jan 2018
WP Engine (2010, Austin, $290M)
Managed WordPress platform
Silver Lake
$61.8M - Series E Sep 2017
PaaS
$55M - Series D May 2018
Sapphire Ventures, World Innovation Lab, Bessemer
Venture Partners, Trinity Ventures, Meritech Capital
Partners, K9 Ventures
LATE STAGE
$48M - PE Sep 2017
Bizagi (1989, Chalfont Saint Peter, $48M)
BPM and Workflow Automation PaaS
Invus Group
$45M - Series E Aug 2017
Enterprise Dev/Test Environments - Cloud based
Goldman Sachs, Madrona Venture Group, Ignition
Partners, Insight Venture Partners, OpenView, Jeff
Bezos
$45M - Series D May 2018
Master data management PaaS
.406 Ventures, Sapphire Ventures, Crosslink Capital,
New Enterprise Associates
$40M - Series F Dec 2016
Partners, Triangle Peak Partners, NextEquity,
Capital One Growth Ventures
LATE STAGE
$40M - Series C Apr 2017
New Enterprise Associates, Sapphire Ventures,
Crosslink Capital, .406 Ventures
$34M - Series C May 2018
Platform.sh (2014, Paris, $41.3M)
Cloud hosting platform
Idinvest Partners, Benhamou Global Ventures, SNCF,
Hi Inov, Partech
$30M - Series C Jun 2017
Meritech Capital Partners, Bessemer Venture
Partners, Trinity Ventures, K9 Ventures, Telstra
Global

LATE STAGE
$25M - Series C Nov 2017
Qubole (2011, Santa Clara, $75M)
Big Data services on Cloud
Singtel Innov8, Harmony Partners, Charles River
Ventures, Lightspeed Venture Partners, Norwest
Venture Partners, IVP
$25M - Series C Nov 2017
Jitterbit (2004, Alameda, $45M)
On-premise and cloud-based data and application
integration software
Kohlberg Kravis Roberts
$22M - Series C Jun 2017
Platform9 Systems (2013, Sunnyvale, $36.5M)
Private Cloud as a Service Solution
Canvas Ventures, Hewlett Packard Enterprise,
Redpoint Ventures, Menlo Ventures
LATE STAGE
$12M - Series C Apr 2017
Venture Partners, Excel Venture Management,
Heritage Group, HLM Venture Partners, Flare Capital
Partners
$7.5M - Series F Mar 2018
$6M - Series C Sep 2016
Provides cloud- based platform for Real-Time IoT
Apps to scale
Cisco Investments, Ericsson
Series E May 2017
Diebold Nixdorf
EARLY STAGE
$42M - Series B Dec 2016
Finicity (2000, South Jordan, $42.1M)
API platform provider for FinTech developers
Experian, Western Alliance Bancorporation
$33M - Series B Jul 2017
iguazio (2014, Herzliya, $48M)
Streaming analytics platform for multiple industries
Verizon Ventures, Robert Bosch Venture Capital,
CME Group, Pitango Venture Capital, Magma
Venture Partners, Jerusalem Venture Partners, Dell
Technologies
$32.4M - Series B Apr 2018
Bitmovin (2012, Klagenfurt, $43M)
Cloud based video transcoding and processing for
video streaming
Highland Europe, Atomico, Constantia New Business
GmbH, Dawn Capital, Y Combinator

EARLY STAGE
$25M - Series B Mar 2017
Skuid (2013, Chattanooga, $25M)
Codeless app delvelopment platform for business
intelligence
Iconiq Capital, K1 Investment Management
$22M - Series B Jul 2016
New Enterprise Associates, Crosslink Capital, .406
Ventures
$15M - Series B Aug 2016
Trinity Ventures, Bessemer Venture Partners, K9
Ventures, Silicon Valley Bank
EARLY STAGE
$14M - Series B Apr 2017
Sapho (2014, San Bruno, $26.5M)
Enterprise MADP solution and Google Now like apps
for enterprise
Caffeinated Capital, Felicis Ventures, Alsop Louie
Partners, Morado Ventures, AME Cloud Ventures,
Bloomberg Beta, Uncork Capital
$13M - Series B Jan 2017
Cloud Elements (2012, Denver, $21.6M)
Integrate Cloud Services
Harbert Management, Rally Ventures, Grotech
Ventures, Access Venture Partners
$10.3M - Series A Sep 2016
Bitmovin (2012, Klagenfurt, $43M)
Cloud based video transcoding and processing for
video streaming
Atomico, Dawn Capital, Speedinvest, Y Combinator
EARLY STAGE
$8M - Series A Nov 2017
Seebo (2012, Tel Aviv, $22M)
Cloud based platform for IoT products' lifecycle
management
TPY Capital, Viola Group, Pritzker Group
$4.2M - Series A Oct 2016
Factom (2014, Austin, $10.7M)
Blockchain as a service for protecting enterprise
data
Draper Associates, PropertyInfo, The Star Vista,
BnkToTheFuture, Fenbushi Capital, China Canada
Angel Alliance, Plug and Play Tech Center
$2.7M - Series A Apr 2017
data
Peeli Ventures, Harvest Partners
$2.5M - Series A Oct 2017
CloudMine (2011, Philadelphia, $10.2M)
Secure data enablement platform for healthcare and
pharmaceutical organizations

EARLY STAGE
$750k - Series A Feb 2017
data
$400k - Series B Aug 2016
Series A Apr 2017
CloudMine (2011, Philadelphia, $10.2M)
Secure data enablement platform for healthcare and
pharmaceutical organizations
Safeguard Scientifics, Red & Blue Ventures

Most Active Investors (VC, PE) by Stage in PaaS; Last 5 years (Jun 2013-Jun 2018)
Most Active VC & PE Investors
30
PaaS > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Data Collective(2 Investments)
Bitfusion, CloudCoreo
1
RRE Ventures(2 Investments)
Yhat, Flynn
2
Microsoft Ventures(2 Investments)
SkyGiraffe, Productive Mobile
3
Bloomberg Beta (2 Investments)
Sapho, Nodejitsu
4
Sierra Ventures(2 Investments)
ElasticBox, Runnable
5
Nexus Venture Partners (2 Investments)
ElasticBox, Hasura
6
Divergent Ventures(2 Investments)
Iron.io, CloudCoreo
7
Right Side Capital Management(2
Investments)
Stackery, Xapix
8
Firestartr (2 Investments)
tray.io, Cloud 66
9
Andreessen Horowitz
ElasticBox
10
EARLY STAGE
Insight Venture Partners (3 Investments)
Docker, Alteryx, Azuqua
1
AME Cloud Ventures(3 Investments)
Docker, Altiscale, Sapho
2
Ignition Partners (2 Investments)
Azuqua, StrongLoop
3
New Enterprise Associates(2 Investments)
Appian, Reltio
4
Safeguard Scientifics (2 Investments)
CloudMine, Cask
5
Battery Ventures(2 Investments)
Stratoscale, Mendix
6
.406 Ventures(2 Investments)
Reltio, Bedrock Data
7
Alsop Louie Partners (2 Investments)
Sapho, Avni
8
Cisco Investments(2 Investments)
Stratoscale, Kii
9
Verizon Ventures(2 Investments)
Kinvey, iguazio
10
LATE STAGE
Sapphire Ventures (3 Investments)
Auth0, PubNub, Reltio
1
Meritech Capital Partners (3 Investments)
MuleSoft, Auth0, Alteryx
2
IVP (2 Investments)
MuleSoft, Qubole
3
Cisco Investments(2 Investments)
MuleSoft, PubNub
4
Ignition Partners
Docker
5
Skytap
6
Osage Partners
Canvas
7
North Bridge
OutSystems
8
Safeguard Scientifics
Apprenda
9
Sequoia Capital
Docker
10

PaaS > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in PaaS; Last 5 years (Jun 2013-Jun 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Y Combinator(9 Investments)
Docker, Aptible, Bitmovin
1
Techstars(8 Investments)
Azuqua, Cloud 66, Tutum
2
Plug and Play Tech Center(3 Investments)
Factom, Espresso Logic, Wodby
3
500 Startups(2 Investments)
Runnable, Stamplay
4
Dreamit(2 Investments)
CloudMine, MedStack
5
Gener8tor(2 Investments)
Datica, Exis
6
Chinaccelerator
Asyncode
7
CyLon
Drie
8
FasterCapital
Mobitile
9
Entrepreneur First
StackHut
10
OTHER NOTABLE INVESTORS
Accomplice(4 Investments)
Kinvey, Mortar Data, Reddo Mobility
1
Salesforce(4 Investments)
Skuid, Workato, Informatica
2
Ericsson(3 Investments)
PubNub, Apcera, Cask
3
Goldman Sachs(3 Investments)
Docker, OutSystems, Skytap
4
Kima Ventures(3 Investments)
Docker, Cloud 66, Stamplay
5
BOSS(2 Investments)
Bedrock Data, Datawire
6
Cisco(2 Investments)
MuleSoft, IQLECT
7
Dell Technologies(2 Investments)
iguazio, Binaris
8
hub:raum(2 Investments)
Appscend, Device Hub
9
Iconiq Capital(2 Investments)
Alteryx, Skuid
10
DEBT INVESTORS
Harbert Management(2 Investments)
Cloud Elements, Hosting
1
Kohlberg Kravis Roberts(2 Investments)
OutSystems, Jitterbit
2
Idinvest Partners
Platform.sh
3
PMV
Waylay
4
Siparex
Restlet
5
Silicon Valley Bank
Auth0
6

PaaS > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/3)

PaaS > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
36
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

May 2018
API Management
May 2018
Enterprise Storage
May 2018

Marketmap: PaaS
38
PaaS > Market Details > BlueBox

Key Sub Sectors
39
Key Sub Sectors in PaaS
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Pure Platform
Pivotal Software (2012, Palo Alto,
Acquired)
126 60 $2.7B
Companies providing cloud platforms, cloud-based IDE's, code handling, deployment and
application management tools
Appian (1999, Reston, Public)
310 104 $1.7B
BaaS
Companies providing Backend as a Service (BaaS) platforms to build applications
Cordys (2001, Putten, Acquired)
K2 (2000, Bellevue, $170M)
124 57 $715M
iPaaS
Companies providing integration Platform as a Service (iPaaS)
MuleSoft (2006, San Francisco, Acquired)
117 55 $697M
Data PaaS
Companies that provides a data platform as a service for data integration and management
Alteryx (2010, Irvine, Public)
68 34 $577M
Technology Platform
Companies that provide cloud-based platform to develop an application leveraging technology
like blockchain, artificial intelligence, and edge computing
Kii (2010, San Mateo, Acquired)
38 17 $129M
Serverless Computing
Companies providing Serverless computing for cloud-native applications
Iron.io (2011, San Francisco, $17.4M)
Stackery (2016, Portland, $7.4M)
28 8 $36M
PaaS > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/3)
40
PaaS > Market Details > Detailed Sector Taxonomy

41

42

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+1)
Platform & Dev Tools > Integrated
Companies providing an integrated cloud platform, cloud-based IDE's, code handling, deployment and
(Companies covered 259 | Funded 83 | Total Funding $1.3B)
$549M
(-$146M)
20
(-109)
OutSystems
(2001, Lisbon, $422M)
2
(+1)
iPaaS
(Companies covered 117 | Funded 55 | Total Funding $697M)
$145M
(-$367M)
14
(-50)
SnapLogic
(2006, San Mateo, $144M)
3
(-2)
Pure Platform
(Companies covered 126 | Funded 60 | Total Funding $2.7B)
$110M
(-$2.4B)
5
(-121)
Docker
4
(+1)
Data PaaS > Analytics
Companies providing a Platform as a Service for development and execution of data analytics solution
$46.5M
(-$178M)
6
(-15)
iguazio
(2014, Herzliya, $48M)
5
(-1)
Data PaaS > DBaaS
Companies providing Database as a Service (DBaaS) platforms
$35.1M
(-$117M)
6
(-34)
Qubole
(2011, Santa Clara, $75M)
6
(+1)
Technology Platform > IoT
Companies provides developers a platform to design or deploy IoT applications
(Companies covered 28 | Funded 10 | Total Funding $83.3M)
$20.7M
(-$36.5M)
6
(-2)
Seebo
(2012, Tel Aviv, $22M)
7
(-1)
Platform & Dev Tools > Mobile
Companies providing cloud-hosted mobile application development platforms
$30.6M
(-$51.5M)
5
(-22)
Sapho
(2014, San Bruno, $26.5M)
43
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in PaaS in last 2 years (June 2016 - May 2018)
PaaS > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
PaaS > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Data PaaS > Master Data Management
Companies providing Platform as a Service for Master Data Management
(Companies created 1 | Funded 1 | Total Funding $117M )
1 Reltio (2011, Redwood City, $117M)
2
Platform & Dev Tools > Integrated
Companies providing an integrated cloud platform, cloud-based IDE's, code handling, deployment and
(Companies created 259 | Funded 83 | Total Funding $1.3B )
1 Netlify (2015, San Francisco, $14.1M)
3
iPaaS
(Companies created 117 | Funded 55 | Total Funding $697M )
1 Azuqua (2011, Seattle, $16.3M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
45
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (June 2016 - May 2018)
PaaS > Market Details > Top Markets of Early Stage Investors

Incubators Y Combinator (#3), 500 Startups (#3)
Seed Andreessen Horowitz (#1), Runa Capital (#1)
Series A/B New Enterprise Associates (#2), Ignition Partners (#2)
Series C+
North Bridge (#1), Merck Global Health Innovation Fund
(#1)
Appian May - 2017
IPO'd on NASDAQ
Plesk May - 2017
Acq by Oakley Capital for $105M
CliQr Mar - 2016
Acq by Cisco for $260M
Rpath Nov - 2012
Acq by SAS for $100M
Cloupia Nov - 2012
Acq by Cisco for $125M
ActiveState Sep - 2003
Acq by Sophos for $23M
Magic Software Enterprises
Aug - 1991
IPO'd on NASDAQ
$360M - Series D
$11.8M - Series A
Aptible (2013, New York City, $12M)
$34M - Series C
Platform.sh (2014, Paris, $41.3M)
$1M - Series B
TrackVia (2006, Denver, $8.1M)
Seed
AppGyver (2010, San Francisco, $5.5M)
$3M - Seed
Swirlds (2015, College Station, $3M)
Dec 2017
GTM Catalyst Private Limited to Offer Progress Solutions in
Indian Rupees, Business Wire India
Jun 2008
RightScale Reaches Out Into MySQL Database Management,
TechCrunch
Oct 2017
Kony noted for low-code development platforms, Financial
News
Oct 2017
Kepner-Tregoe and Softools Partner to Deliver World-Class,
Continuous-Improvement Applications, PRWeb
Jul 2017
RightScale Announces General Availability of Optima, a New
Solution for Collaborative Cloud Cost Management and
Optimization, Marketwired
Sep 2017
Code Platform Accelerates Customer Adoption of AI and IoT
with New Components, RealWire
Dec 2017 Kony Appoints New Chief Financial Officer, Business Wire
Mar 2012 Norwest Venture Partners invests in ClearDATA, Vator
Nov 2017 Short Opportunity For Recent IPO Appian, Seeking Alpha
Nov 2017
Magic Software Announces Magic xpc, its New iPaaS
Solution, Empowering Cloud Integrations, PressReleasePoint
Aug 2017
SLINGR announces SLINGRbot, the only solution that
communicates with any application or data source from
Slack, PR Newswire
Sep 2017 Appian Expands Deployment Options, Financial IT
Dec 2017
Low-Code Development Company Launches Academic
Program, Campus Technology
Jul 2017
Platform9 Systems raises $22 million in Series C funding,
FundingSMEs
News
0
5
10
15
20
25
30
$0k
$100M
$200M
$300M
$400M
$500M
2014 2015 2016 2017 2018
YoY Funding Rounds
9
14
46
83
259
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Platform & Dev Tools > Integrated: Market Factsheet
46
Exits
Recent Investments
YoY Funding and Rounds
Companies providing an
integrated cloud platform, cloud-
based IDE's, code handling,
deployment and a....
OutSystems
(2001, Lisbon, $422M)
Kony
(2007, Austin, $113M)
RightScale
(2007, Santa Barbara, $58M)
Apprenda
(2007, Clifton Park, $56M)
ClearDATA
(1999, Phoenix, $54.4M)
Top Companies
#1 Top Markets of Investment Activity
PaaS > Market Details > Market: Integrated
Companies Created 259 | Funded 83 | Total Funding $1.3B
Market: Integrated

Platform & Dev Tools > Integrated: Top Companies
Market: Integrated
Analyst’s Pick
Kohlberg Kravis Roberts, Goldman Sachs, North
Bridge and 2 Other Investors
Soonicorn. Stage: Series E
Diebold Nixdorf, Insight Venture Partners, Telstra
and 7 Other Investors
Venture Partners, Excel Venture Management and 4
Other Investors
Mendix (2005, Boston, $38M)
App Platform for the Enterprise
Battery Ventures, Prime Ventures, henQ
Analyst’s Pick
Skuid (2013, Chattanooga, $25M)
Codeless app delvelopment platform for business
intelligence
Minicorn. Stage: Series B
Iconiq Capital, K1 Investment Management,
Salesforce
Scalr (2007, San Francisco, $7.3M)
Open-source enterprise hybrid cloud management
platform
Minicorn. Stage: Series A
OpenView
Apcera (2012, San Francisco, $7.2M)
Modern Enterprise IT Platform - Docker
Application Deployment
Minicorn. Stage: Series A
Ericsson, True Ventures, KPCB and 4 Other
Investors

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
48
Platform & Dev Tools > Integrated: Leaderboard
Better than Market Average
Market: Integrated
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Appian 1999 Reston Public $47.5M - 4 - - 26 79k 14k 31k 138 -33k -30% 6 4% 869 6%
5.0 Netlify 2015
San
Francisco
Series A $14.1M - 4 - - 3 39k 11k 12k 105 - - 63 153% 4.5k 65%
5.0 Mendix 2005 Boston Series B $38M 4 4 - - 12 72k 9.8k 8k 60 -20k -22% 16 37% 257 3%
4.9 Catavolt 2008 Alpharetta Acquired $6.5M - 4 - - 2 4.2M 1.1k 7k 59 2M 77% 2 7% 29 3%
4.9 TrackVia 2006 Denver Series B $8.1M - 4 - - 7 435k 3.5k 3k 46 169k 67% 6 25% -13 -
4.9 RunMyProcess 2007 Paris Acquired $2.2M - 4 - - 2 311k 1.5k 3k 34 70k 27% 1 3% -14 -1%
4.9 OutSystems 2001 Lisbon Series D $422M 5 3 - - 29 43k 20k 62k 426 -3k -6% 236 134% 3.5k 20%
4.8 WaveMaker 2003
Mountain
View
Acquired $5.7M - 5 - - 4 601k 3k 975 33 258k 72% - - 43 1%
4.8 Bizagi 1989
Chalfont
Saint Peter
Funded $48M - 4 - - 3 90k 4.8k 31k 159 4k 4% 9 6% 734 18%
4.8
PythonAnywhe
re
2011 London Unfunded - - 5 - - - 20k 10k 878k 11.6k -2k -8% 2.8k 32% 2k 22%
4.8 Ayogo Health 2011 Vancouver Series A $2.5M - 5 - 4 - 2.2M 3k 750 31 586k 52% - - 3 -
4.8 Kony 2007 Austin Series E $113M - 5 - - 29 193k 11k 33k 210 -5k -2% 16 10% -99 -1%
4.7
Magic Software
Enterprises
1983 Or Yehuda Public - - 5 - - 10 482k 15k 4k 38 118k 32% 1 3% -99 -1%
4.7 Laravel 2011
Arkansas
City
Unfunded - - 4 - - - 5k 880 39k 313 1k 8% 1 - 63 8%

Incubators Techstars (#2), AngelPad (#1)
Seed Dhillon Capital (#1), True Ventures (#1)
Series A/B Accenture (#2), TVC Capital (#2)
Series C+ Salesforce (#1), Ignition Partners (#1)
Actian Apr - 2018
Acq by HCL Technologies for $330M
MuleSoft Mar - 2018
Acq by Salesforce for $6.5B
Informatica Aug - 2015
Acq by Permira investment for $5.3B
Bodhtree May - 2015
IPO'd on BOM
Terrasky Apr - 2015
IPO'd on TYO
TIBCO Sep - 2014
Acq by Vista Equity Partners for $4.3B
Fujitsu Jul - 2013
IPO'd on TYO
$14.3M - Series B
tray.io (2012, San Francisco, $22.9M)
$4.5M - Seed
Bridge Connector (2017, Palm Beach
Gardens, $5M)
$7.5M - Series F
$672k - Seed
CloudRail (2014, Mannheim, $1.3M)
$25M - Series C
Jitterbit (2004, Alameda, $45M)
$10.8M - Series B
Azuqua (2011, Seattle, $16.3M)
Dec 2017
TIBCO and Nabors Deliver Smart Drilling Technology to
Energy Markets, PR Newswire
Dec 2017
Fujitsu Wins 2017 Environment Minister's Award for Global
Warming Prevention Activity for PRIMERGY CX600 M1,
PressReleasePoint
Sep 2017
YASH Technologies Brings SAP S/4HANA® Cloud to Clients,
PRWeb
Dec 2017
NEC : expands TWINPOS G5000 series with release of
TWINPOS G5100Li for international markets, 4-Traders
Oct 2017 SAP overhauls sales practices amid corruption probe, CRN
Dec 2017
SAP releases Transportation Management and Extended
Warehouse Management System to deliver enhanced Digital
Logistics, CIO East Africa
Nov 2017
Big data meets containerization with Red Hat, SAP
collaboration, RCRWireless
Oct 2017
Fujitsu reveals Windows Mixed Reality headset as Fall
Creators Update rollout begins, TechRadar
Jun 2017
Fujitsu creates machine learning technology to retrieve
similar disease cases from CT database, News Medical
Nov 2006 Fujitsu Releases New Tablet PCs, TechCrunch
Jul 2008
Boomi Secures $4 Million in First Institutional Round of
Financing, FirstMark
Sep 2017
Fujitsu Fuses Deep Tensor with Knowledge Graph to Explain
Reason and Basis Behind AI-Generated Findings, ACN
Newswire
Nov 2017
RBS and Allianz join C$45m funding round for quantum
computing startup 1QBit, Finextra
News
0
2
4
6
8
10
$0k
$50M
$100M
$150M
$200M
2014 2015 2016 2017 2018
YoY Funding Rounds
16
10
24
55
117
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
iPaaS: Market Factsheet
49
Exits
Recent Investments
Companies providing integration
Platform as a Service (iPaaS)
SnapLogic
(2006, San Mateo, $144M)
Jitterbit
(2004, Alameda, $45M)
Constellar
(1988, Redwood City, $28M)
Liaison Technologies
(2000, Alpharetta, $25.8M)
Hubspan
(2000, Seattle, $24M)
Top Companies
PaaS > Market Details > Market: iPaaS
Companies Created 117 | Funded 55 | Total Funding $697M
Market: iPaaS

iPaaS: Top Companies
Market: iPaaS
Analyst’s Pick
IVP, Cisco Investments, ServiceNow and 15 Other
Investors
Soonicorn. Stage: Series F
Minicorn. Stage: Series B
Harbert Management, Rally Ventures, Grotech
Ventures and 3 Other Investors
Azuqua (2011, Seattle, $16.3M)
Cloud platform - integrates multiple SaaS
applications to create business processes
Editor's Pick. Stage: Series B
Insight Venture Partners, Ignition Partners, DFJ,
Techstars
Analyst’s Pick
Adeptia (2000, Chicago, $12M)
End to End B2B Integration Platform
Editor's Pick. Stage: Series B
Celigo (2005, San Mateo, $8M)
Cloud Based Integration with NetSuite
TVC Capital, Montage Capital
Perspectium (2013, San Diego, $8M)
Data services platform for enterprise integration,
replication and monitoring
Editor's Pick. Stage: Series A
TVC Capital
Virgo Capital, eLab Ventures, Draper Esprit and 5
Other Investors
Built.io (2007, San Francisco, $600k)
Non-Legacy apps based mBaaS
Editor's Pick. Stage: Seed
Analyst’s Pick
Client IO (2011, Prague)
Diagramming framework for building flowcharts
and API integration tool
Editor's Pick. Stage: Unfunded
Editor's Pick. Stage: Public
Herald Investment Management, Quest for Growth,
Momenta Partners

51
iPaaS: Leaderboard
Market: iPaaS
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Software AG 1969 Darmstadt Public - - 4 - - 45 96k 30k 3k 35 23k 31% 1 8% 6.2k 26%
5.0 SAP 1972 Walldorf Public - 5 4 - - 366 2k 243k 1.2M 5.4k -1k -6% 347 10% 12.6k 5%
4.9 TIBCO 1996 Boston Acquired $4M - 4 - - 23 37k 20k 13k 254 -2k -4% 13 53% 663 3%
4.9 Fujitsu 1935 Tokyo Public - - 4 - - 246 8k 77k 793k 1.7k 1k 9% 82 5% -251 -
4.8 NEC 1899 Tokyo Public - - 4 - - 139 28k 1.2k 67k 272 1k 3% 9 5% 263 31%
4.8 T-Systems 2000 Bonn Public - - 3 - - 43 92k 5.1k 5k 32 9k 10% 1 4% 611 14%
4.7 Informatica 1993
Redwood
City
Acquired $4M - 4 - - 25 30k 116k 5k 29 -3k -8% 1 50% -1000 -1%
4.7 OpenLegacy 2014 Princeton Seed - - 5 - - 1 4.7M 835 300 7 3M 97% 1 17% 5 1%
4.6 Datacom 1965 Wellington Unfunded - - 4 - - 10 376k 4.6k 2k 8 -32k -8% 1 3% 168 4%
4.6 Built.io 2007
San
Francisco
Seed $600k - 4 - - 11 356k 1.4k 75 5 1k - - - 40 3%
4.5 Safe 1993 Canada Unfunded - - 4 - - - 92k 4.7k 2k 11 -5k -4% - - 222 5%
4.5 Fluxflex 2010
San
Francisco
Seed $240k - 4 - - - 10M 85 113k 323 13M 285% - - -2 -3%
4.5 Attunity 1988 Kfar Saba Public - - 4 - - 24 489k 3.5k 3k 12 -132k -21% - - 123 4%
4.4 tray.io 2012
San
Francisco
Series B $22.9M - - - 4 5 277k 1.8k - - -93k -26% - - 330 24%
4.4 i2factory 2009 Huelva Unfunded - - 5 - - - 7M 304 4k 50 4M 150% - - -5 -2%

Incubators Y Combinator (#7), FF Venture Capital (#1)
Seed Andreessen Horowitz (#3), Data Collective (#2)
Series A/B Intel Capital (#4), Benchmark Capital (#3)
Series C+ Ignition Partners (#1), Goldman Sachs (#2)
Cask May - 2018
Acq by Google
Engine Yard Apr - 2017
Acq by Crossover
Joyent Jun - 2016
Acq by Samsung for $170M
bebop.co Nov - 2015
Acq by Google for $380M
ManageIQ Community Dec - 2012
Acq by Red Hat for $104M
Pivotal Software Mar - 2012
Acq by EMC
Action Engine Oct - 2008
Acq by Mobui
$500k - Seed
DronaHQ (2007, Mumbai, $1M)
$2.4M - Series D
CloudBees (2010, Woburn, $53.6M)
$61.8M - Series E
$45M - Series E
$18.5k - Seed
Drie (2015, London, $587k)
Series B
Cask (2011, Palo Alto, $40M)
Sep 2011
Cloud Software Company Joyent Raises $5 Million,
TechCrunch
Aug 2017
Stratoscale Receives VMworld Best of Show 2017 Gold
Award for Revolutionary Cloud Infrastructure Solution,
Business Wire
Jul 2017
Black Duck teams up with Pivotal to secure and manage
open source cloud-native applications for the enterprise,
Automotive World
Jan 2005
BRM Capital leads a $4.86M investment in GigaSpaces,
GigaSpaces
Nov 2017
Joyent Appoints New Vice President of Engineering to Help
Create Next Generation Cloud, PR Newswire
Jun 2017
Docker launches its first official container services in China,
SiliconAngle
Jan 2012
Joyent Secures $85M in Venture Funding to Fuel Global
Growth and Continued Innovation, Joyent
Aug 2017
Engine Yard Adds 24/7, Premium Support Level,
TexasTechPulse
Apr 2016 SnappyData Secures $3.65M in Series A Funding, FinSMEs
Sep 2017
Tyler Jewell Joins WSO2 as CEO as Company Expands
Executive Team to Support Next Stage of Growth,
GlobeNewswire
Aug 2017
Bitnami to Open Source its Mobile Kubernetes Dashboard,
SDxCentral
Dec 2017
Docker CEO Tries to Navigate Business Threat From Google,
the WHIR
Aug 2017
Docker Is Raising Funding at $1.3B Valuation, Data Center
Knowledge
News
0
2
4
6
8
10
12
14
$0k
$100M
$200M
$300M
$400M
$500M
$600M
$700M
$800M
2014 2015 2016 2017 2018
YoY Funding Rounds
7
11
26
60
126
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Pure Platform: Market Factsheet
52
Exits
Recent Investments
Companies providing cloud
platforms and containers
Pivotal Software
(2012, Palo Alto, $1.7B)
Docker
Joyent
Skytap
(2006, Seattle, $109M)
Stratoscale
(2013, Herzliya, $69M)
Top Companies
PaaS > Market Details > Market: Pure Platform
Companies Created 126 | Funded 60 | Total Funding $2.7B
Market: Pure Platform

Pure Platform: Top Companies
Analyst’s Pick
Ford, Microsoft, General Electric and 4 Other
Investors
PaaS
Unicorn. Stage: Series E
Sequoia Capital, Benchmark Capital, Greylock
Stratoscale (2013, Herzliya, $69M)
Platform to run modern applications on-prem and
DCIM for software defined data centers
Qualcomm Ventures, Intel Capital, Cisco
Investments and 4 Other Investors
CloudBees (2010, Woburn, $53.6M)
Products based on Jenkins CI
Editor's Pick. Stage: Series D
Lightspeed Venture Partners, Matrix Partners,
Verizon Ventures, Blue Cloud Ventures
Analyst’s Pick
Wso2 (2005, Mountain View, $40.5M)
Lean enterprise middleware vendor
Pacific Controls, Toba Capital, Cisco and 3 Other
Investors
DronaHQ (2007, Mumbai, $1M)
Enterprise grade mobile app building platform
Editor's Pick. Stage: Seed
Kutchi Angel Network
Skyliner (2015, Oakland)
Platform to deploy applications on AWS
infrastructure
Editor's Pick. Stage: Funded
O'Reilly AlphaTech Ventures

54
Pure Platform: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Skytap 2006 Seattle Series E $109M - 5 - - 6 127k 3k 750 17 8k 6% - - 151 5%
5.0 Wso2 2005
Mountain
View
Series D $40.5M - 4 - - 3 94k 8.4k 7k 17 23k 29% - - 734 10%
4.9 ShepHertz 2010 Gurgaon Seed $1.8M - 4 - - 1 245k 18k 30k 230 108k 78% 1 - 2.2k 13%
4.9 Heroku 2007
San
Francisco
Acquired $17M - 4 - - 2 6k 99k 332k 2.6k -1k -4% -1 -1% 2.5k 3%
4.8 DronaHQ 2007 Mumbai Seed $1M - 4 - - - 3.2M 296 97k 1.1k 504k 19% 6 6% 9 3%
4.8 Wowrack 2001 Seattle Unfunded - - 5 - - - 1.4M 527 862 50 243k 21% 12 29% 5 1%
4.7 dotCloud 2008
San
Francisco
Acquired $10.8M - 4 - - - 10M 4.6k 300k 2.5k 164M
4457
%
- - -101 -2%
4.7 Cloud Foundry 2011
San
Francisco
Acquired - - 3 - - 1 10M 85k 40k 205 -3.7M -23% - - 1.4k 2%
4.6 Unvired 2007 Bangalore Unfunded - - 4 - - - 5.4M 828 6k 14 -3.9M -48% - - 671 430%
4.6 Hosting 1997 Denver Acquired $2M - 4 - - 2 366k 2.9k 405 9 -26k -7% - - -20 -1%
4.6 Brace 2013
San
Francisco
Acquired $120k - 4 - - - 7.7M 305 3k 16 -345k -4% - - -11 -4%
4.5 Bluemix 2014
New York
City
Unfunded - - 5 - - 1 12k 55k 600 7 -2k -13% - - -2368 -4%
4.5
Pivotal
Software
2012 Palo Alto Acquired $1.7B - - - - 40 34k 56k 300 - -2k -3% - - 5.5k 11%
4.4 Pagoda Box 2011 Pocatello Unfunded - - 5 - - - 7.8M 1.6k 600 1 - - - - -35 -2%

PaaS > Market Details > Market: Analytics
Market: Analytics

Market: Analytics

PaaS > Market Details > Market: DBaaS
Market: DBaaS

Market: DBaaS

PaaS > Market Details > Market: IoT
Companies Created 28 | Funded 10 | Total Funding $83.3M
Market: IoT

Market: IoT

PaaS > Market Details > Market: Mobile
Market: Mobile

Market: Mobile

PaaS > Market Details > Market: Integrated Platform
Companies Created 20 | Funded 5 | Total Funding $28.8M
Market: Integrated Platform

#1 Top Markets of Early Stage Investors
PaaS > Market Details > Market: Master Data Management
Market: Master Data Management

PaaS > Market Details > Market: Master Data Management
#1 Top Markets of Early Stage Investors
Market: Master Data Management

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
72
Notable Acquisitions
Top Acquirers
Acqui-hires

Biotech R&D
May 2018 May 2018
May 2018
Telecom Operation & Maintenance

Public companies (1/2)
74
Performance indicators of public companies in PaaS
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
May 2017
Appian (1999, Reston)
$1.9B $81.5M NASDAQ:APPN
Mar 2017
Alteryx (2010, Irvine)
$2B $822M $58.9M NYSE:AYX
May 2015
Bodhtree (1999, Pleasanton)
Cloud Analytics, digital solutions and cloud data integration.
$18.8M $12.3M 42.3 BOM:539122
Apr 2015
Terrasky (2006, Tokyo)
TYO:3915
Jul 2013
Fujitsu (1935, Tokyo)
Technology Products, Solutions and Services
$36.7B TYO:4793
Dec 2006
Buddy (2006, Seattle)
$3.9M $842k ASX:BUD
Apr 2005
MobileSmith (1993, Raleigh)
OTCBB:MOST
Jan 2003
Attunity (1988, Kfar Saba)
$224M $54.5M NASDAQ:ATTU
Sep 1999
Vitria Technology (1994, Sunnyvale)
Advanced Analytics Platform
$484M $53.7M NASDAQ:VITR
Apr 1999
Software AG (1969, Darmstadt)
provides BPM, Data Management, GRC solutions and Consulting
Services
$921M 21.75 SOW
PaaS > Exit Outlook > Public Companies

Public companies (2/2)
75
Performance indicators of public companies in PaaS
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Aug 1998
$141B $23.3B 28.93 NYSE:SAP
Aug 1991
Magic Software Enterprises (1983, Or Yehuda)
MDM, app builder & enterprise integration solution
$378M $202M 24.55 NASDAQ:MGIC
Aug 1991
Progress (1981, Massachusetts)
Development, Deployment and Management of business
applications, on premise or cloud
$1.7B $405M 35.87 NASDAQ:PRGS
May 1949
NEC (1899, Tokyo)
Integration of IT and network technologies provider
TYO:6701
T-Systems (2000, Bonn)
Information and Communication Technology Solutions
Alphinat (1998, Montreal)
Rapid application development platform for building web and
mobile applicaitions
$1.2M CVE:NPA
PaaS > Exit Outlook > Public Companies

Notable Acquisitions (1/3)
76
Notable Acquisitions in PaaS
PaaS > Exit Outlook > Notable Acquisitions
2018 YTD
Acquirer: Google
Cask (2011, Palo Alto, $40M)
Helping Build Big Data Apps
Acquirer: HCL Technologies Deal: $330M
Actian (2005, Redwood City)
SQL in Hadoop and MPP Database
Acquirer: Salesforce Deal: $6.5B
2017
Acquirer: Oakley Capital Deal: $105M
Plesk (2000, Schaffhausen)
WebOps platform
Acquirer: Crossover
Engine Yard (2006, San Francisco, $37.6M)
Cloud application management platform
2016
Acquirer: SAP Deal: $125M
Hosted Hadoop as a Service
Acquirer: Samsung Deal: $170M
Joyent (2004, San Francisco, $120M)
Cloud computing suite for large enterprises,
developer of Node.js, and network management
Acquirer: Cisco Deal: $260M
CliQr (2010, Santa Clara, $39.4M)
Cloud application migration, deployment and
management

77
2015
Acquirer: Google Deal: $380M
bebop.co (2012, Los Altos)
Development Platform to Build and Maintain
Enterprise Applications
Acquirer: Everteam
Intalio (1999, Palo Alto, $48.4M)
Business process management system
Acquirer: Permira investment
Deal: $5.3B
Data Integration Software
Acquirer: Advance Deal: $500M
1010data (2000, New York City, $35M)
Cloud - Big Data Analytics
2014
Acquirer: Vista Equity Partners
Deal: $4.3B
Acquirer: Zebra Technologies
Deal: $3.4B
Rhomobile (2008, San Jose)
The Enterprise Mobility Company
2013
Acquirer: OpenText Deal: $33M
Cordys (2001, Putten, $80M)
Cordys BPM platform Suite

78
2012
Acquirer: Red Hat Deal: $104M
ManageIQ Community (2006, Mahwah, $5.4M)
IT Cloud Management
Acquirer: SAS Deal: $100M
Rpath (2005, Raleigh, $32.5M)
Cloud computing and app management
Acquirer: Cisco Deal: $125M
Cloupia (2009, Santa Clara, $3.5M)
Offered cloud automation and management
Acquirer: Liaison Technologies
Hubspan (2000, Seattle, $24M)
IT consulting and cloud integration services
Acquirer: Actian Deal: $162M
Pervasive Software (1994, Austin)
Data Integrator : iPaaS
Acquirer: EMC
Before 2008
Acquirer: Mobui
Action Engine (2000, Bellevue, $58.2M)
Mobile application development platform that
operates as an On Device Portal
Acquirer: Software AG Deal: $546M
webMethods (1996, Reston, $12M)
Software for application integration, business
process integration, and B2B partner integration
Acquirer: Sun Microsystems Deal: $387M
SeeBeyond Technology (1989, Monrovia)
Business integration software
Acquirer: Sophos Deal: $23M
ActiveState (1997, Vancouver, $23M)
Komodo IDE For Web Development

Most Active Acquirers
79
PaaS > Exit Outlook > Most Active Acquirers

Date Target
Dec-15 StackEngine Acq by Oracle
Nov-15 KidoZen Acq by Mad Mobile
Oct-15 Adaptris Acq by Reed Business
Oct-15 Tutum Acq by Docker
Sep-15 StrongLoop Acq by IBM
Aug-15 Appcore Acq by IBM
Aug-15 Qubell Acq by Grid Dynamics
Aug-15 Halosys Acq by Sonata
Jul-15 Compose Acq by IBM
Apr-15 Orchestrate Acq by CenturyLink
Apr-15 OpDemand Acq by Engine Yard
Feb-15 Mortar Data Acq by Datadog
Feb-15 Nodejitsu Acq by GoDaddy
Nov-14 Brace Acq by Squarespace
Acqui-hires (1/2)
80
List of Acqui-hires in PaaS
Excludes all details for Chinese companies
Date Target
Jun-18 Scribe Software Acq by TIBCO
Mar-18 Mowbly Acq by ASG Technologies
Feb-18 Pneuron Acq by UST Global
Feb-18 Sandstorm Acq by CIG Logistics
Feb-18 CloudCoreo Acq by VMware
Jan-18 Applatix Acq by Intuit
Nov-17 Restlet Acq by Talend
Oct-17 SkyGiraffe Acq by ServiceNow
Aug-17 MATS Acq by Netcall
Jul-17
TechThat Acq by Naesys Dimension
Solution
Jul-17 Game Sparks Acq by Amazon
Jul-17 Kofax Acq by Thoma Bravo
Jul-17 Nanoscale Acq by TIBCO
Jun-17 Authentica Solutions Acq by BrightBytes
Date Target
Jun-17 Kinvey Acq by Progress
Jun-17 CloudMunch Acq by JFrog
Jun-17 Yhat Acq by Alteryx
May-17 Catavolt Acq by Hexagon
Mar-17 ManyWho Acq by Boomi
Feb-17 Cloud9 Real Time Acq by AbacusNext
Feb-17 Tesora corp Acq by Stratoscale
Oct-16 StarMobile Acq by Pow Pow Mobile
Sep-16 RunKit Acq by Stripe
Jun-16 PNMsoft Acq by Genpact
Jun-16 ElasticBox Acq by CenturyLink
Apr-16 cloudControl Acq by Exoscale
Mar-16 Sense Acq by Cloudera
Mar-16
Quickbase Acq by Welsh Carson
Anderson Stowe
PaaS > Exit Outlook > Acqui-hires

Date Target
Aug-12 Polymita BPMS Acq by Red Hat
Aug-12 Nodester Acq by AppFog
Jul-12 Trestle Acq by Flurry
Feb-12 Cocoafish Acq by Appcelerator
Jan-12 Usergrid Acq by Apigee
Nov-11 Cumulux Acq by Aditi
Aug-11 Orchestra Acq by Engine Yard
Jul-11 Mongo Machine Acq by MongoHQ
Jun-11
MicroPact Acq by Arlington Capital
Partners
May-11 Duostack Acq by dotCloud
Nov-10 Boomi Acq by Dell
Oct-10 Youcalc Acq by SuccessFactors
Jun-10 Kii Acq by Kii
Aug-09 Cloud Foundry Acq by SpringSource
Acqui-hires (2/2)
81
List of Acqui-hires in PaaS
Excludes all details for Chinese companies
Date Target
Oct-14 Firebase Acq by Google
Oct-14 FathomDB Acq by Meteor
Sep-14 FeedHenry Acq by Red Hat
Sep-14 OrlyAtomics Acq by Mesosphere
Aug-14 dotCloud Acq by cloudControl
Jul-14 OrchardUp Acq by Docker
Jul-14 Tower3 Acq by Chef
Jun-14 Ohm Data Acq by WANdisco
Jun-14 Modulus Acq by Progress
May-14 Heroku Acq by Parseq
May-14 ScaleXtreme Acq by Citrix
Mar-14 Cloudant Acq by IBM
Mar-14 Adrenaline Mobility Acq by Twitter
Nov-13 PiCloud Acq by Dropbox
Oct-13 ServiceMesh Acq by CSC
Date Target
Sep-13 Standing Cloud Acq by AppDirect
Jun-13 AppFog Acq by CenturyLink
Jun-13 Rollbase Acq by Progress
Jun-13 Appsecute Acq by ActiveState
May-13 Iris Couch Acq by Nodejitsu
May-13 OneOps Acq by WalmartLabs
May-13 Proxomo Software Acq by Lucent Mobile
May-13 WaveMaker Acq by Pramati
Apr-13 Parse Acq by Facebook
Apr-13 LongJump Acq by Software AG
Apr-13 LonoCloud Acq by ViaSat
Apr-13 RunMyProcess Acq by Fujitsu
Feb-13 ObjectRocket Acq by Rackspace
Feb-13 AppMobi Acq by Intel
Nov-12 Vordel Acq by Axway
PaaS > Exit Outlook > Acqui-hires
View all 90 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
82
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

PaaS > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in PaaS; Last 5 years (Jun 2013 - May 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Bloomberg Beta (2 Investments)
Data Collective (2 Investments)
Nexus Venture Partners (2 Investments)
Divergent Ventures (2 Investments)
Microsoft Ventures (2 Investments)
Sierra Ventures (2 Investments)
RRE Ventures (2 Investments)
Firestartr (2 Investments)
Right Side Capital Management (2 Investments)
Trinity Ventures
Sequoia Capital
Hummer Winblad Venture Partners
Bessemer Venture Partners
Crosslink Capital
EARLY STAGE
Insight Venture Partners (3 Investments)
AME Cloud Ventures (3 Investments)
New Enterprise Associates (2 Investments)
Ignition Partners (2 Investments)
Cisco Investments (2 Investments)
.406 Ventures (2 Investments)
Battery Ventures (2 Investments)
Verizon Ventures (2 Investments)
Safeguard Scientifics (2 Investments)
Hi Inov (2 Investments)
Excel Venture Management (2 Investments)
TransLink Capital (2 Investments)
Alsop Louie Partners (2 Investments)
Sapphire Ventures
Lightspeed Venture Partners
LATE STAGE
Sapphire Ventures (3 Investments)
Meritech Capital Partners (3 Investments)
Cisco Investments (2 Investments)
IVP (2 Investments)
Ignition Partners
Sequoia Capital
Sands Capital Ventures
Verizon Ventures
Robert Bosch Venture Capital
North Bridge
World Innovation Lab
Georgian Partners
SoftBank Capital

Bloomberg Beta
85
Portfolio in PaaS | Exits | Funds Link | Website | LinkedIn | Twitter
PaaS > Investors > Bloomberg Beta
People
Investments
[Soonicorn] Sapho (2014, San Bruno, $26.5M, Series B)
Enterprise MADP solution and Google Now like apps for enterprise
PaaS Notable Portfolio
[Soonicorn] Flexport (2013, San Francisco, $304M, Series C)
Online freight forwarder
[Soonicorn] Orbital Insight (2013, Palo Alto, $80.2M, Series C)
Understanding global trends through image processing and deep
learning
[Soonicorn] Kindred (2014, San Francisco, $44M, Series B)
Building robots with human like intelligence
[Soonicorn] Domino Data Lab (2013, San Francisco, $40.6M,
Series B)
Data Science platform
[Minicorn] Knotel (2015, New York City, $95M, Series B)
Managed co-working space for startups.
[Minicorn] ValiMail (2014, San Francisco, $38.5M, Series B)
DMARC validation based email authentication as a service
[Minicorn] Layer (2013, San Francisco, $37M, Series B)
API provider for multimedia messaging
[Minicorn] LaunchDarkly (2014, Oakland, $32.3M, Series B)
Early User Feedback capture
[Minicorn] Aviso (2012, Palo Alto, $31M, Series B)
Forecasting tool using Predictive Analytics
[Minicorn] Digital Genius (2013, London, $26M, Series A)
NLP based Interactions for Devices
[Minicorn] Intuition Robotics (2015, Tel Aviv, $22M, Series A)
Social robot that acts as a companion for the aging
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Roy Bahat
Founder
Geographical Spread Stage of Entry
Jun 2018
Sapho Extends its Employee Experience Portal to Support
the Hourly Workforce, PR Newswire
May 2018
Cool Startup: Netlify Platform Leverages Microservices,
Serverless and Cloud-based CDN, Bizety
Nov 2017 Sapho adds support for SAP Ariba, Concur Travel, ZDNet
Sep 2017
Sapho to add IBM Connections integration in ‘micro app’
platform update, Techworld
Sep 2017
Netlify Grows from SSG to CMS — and Launches a
Microservices Gateway, The New Stack
Aug 2017
Sapho announces its modern portal now supports
VMware Workspace™ ONE™ to triple employee
productivity and system of record engagement, PR
Newswire
May 2017
Sapho announces integration with Actionable Messages
for Microsoft Outlook to enable employees to complete
tasks within Outlook, PR Newswire
Apr 2017
Sapho raises $14M in oversubscribed Series B financing
to continue transforming how people work, PR Newswire
Apr 2017
Sapho to launch Microsoft Teams bot for enterprise tasks,
VentureBeat
None
1
2
1 1
1
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
-
1
2
Undisclosed
Series C+
Series B
Series A
Seed3
-
-
-
-
US

Data Collective
86
PaaS > Investors > Data Collective
Investments
[Unicorn] Docker (2008, San Francisco, $243M, Series E)
LXC based OS-level virtualization technology and PaaS
[Minicorn] Apcera (2012, San Francisco, $7.2M, Series A)
Modern Enterprise IT Platform - Docker Application Deployment
PaaS Notable Portfolio
[Unicorn] Uber (2009, San Francisco, $22.5B, Series G)
Mobile app that connects passengers with vehicle drivers for hire
[Unicorn] Facebook (2004, Menlo Park, $2.3B, Public)
Social networking site
[Unicorn] Zynga (2007, San Francisco, $707M, Public)
Casual games developer and publisher for mobile and web platforms
[Unicorn] Square (2009, San Francisco, $516M, Public)
Mobile point of sale provider
[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)
Designs microbes to produce cultured ingredients
[Unicorn] Tango (2009, Mountain View, $367M, Series D)
Free video & voice calls app
[Unicorn] Illumio (2013, Sunnyvale, $267M, Series D)
Adaptive security platform based data center security for workloads
[Unicorn] Gusto (2011, San Francisco, $176M, Series C)
Cloud-based HRMS and payroll management solution
[Unicorn] Rocket Lab (2007, Auckland, $148M, Series D)
Fabrication of space delivery vehcile with a 3D printed engine
[Unicorn] Zoom (2011, Santa Clara, $146M, Series D)
Video conferencing with dropbox integration
[Soonicorn] Tradeshift (2009, San Francisco, $526M, Series E)
Collaboration, electronic invoicing and dynamic discounting solution
Top Exits Recent News on Fund & Portfolio
Dec 2017
Docker CEO Tries to Navigate Business Threat From
Google, the WHIR
Nov 2017
Docker Announces the Appointment of Jeff Clarke, CEO of
Kodak, to its Board of Directors, PR Newswire
Oct 2017
Docker Expands Partnership with IBM to Address
Growing Demand for the Modernize Traditional
Applications (MTA) Program, PR Newswire
Oct 2017
Software Startup Docker Brings In $61.8 Million,
NewsCenter
Sep 2017
Docker announces the appointment of Robert Enslin to its
Board of Directors, PR Newswire
Aug 2017
Docker Announces New Release of Docker Enterprise
Edition to Modernize Windows, Linux and Mainframe, PR
Newswire
Aug 2017
Docker Is Raising Funding at $1.3B Valuation, Data Center
Knowledge
Jun 2017
Docker launches its first official container services in
China, SiliconAngle
Feb 2016
New Docker Datacenter Admin Suite Should Bring Order
To Containerization, TechCrunch
Cask
(2011, Palo Alto, $40M)
Acq by Google - May 2018
1 1 1
1 1
2013 2014 2015 2016 2017 2018
7
-
-
1
5
Undisclosed
Series C+
Series B
Series A
Seed13
-
-
-
-
US

Nexus Venture Partners
87
PaaS > Investors > Nexus Venture Partners
People
Investments
[Unicorn] Snapdeal (2007, Delhi, $1.8B, Series H)
Online horizontal marketplace
[Unicorn] Zomato (2008, Gurgaon, $376M, Series H)
Online platform for food discovery, ordering table booking at
restaurants
[Unicorn] Clover Health (2014, San Francisco, $325M, Series D)
Healthcare insurance for senior citizens
[Unicorn] ShopClues (2011, Gurgaon, $232M, Series E)
Ecommerce retail marketplace
[Soonicorn] Delhivery (2011, Delhi, $264M, Series E)
Logistics services for Indian eCommerce companies
[Soonicorn] Druva (2008, Pune, $200M, Series F)
Enterprise endpoint backup & DLP solution
[Soonicorn] Kaltura (2006, New York City, $144M, Series F)
Open source video platform
[Soonicorn] Aryaka Networks (2009, Milpitas, $125M, Series
D)
WAN optimization and Accelerated application delivery
[Soonicorn] PubMatic (2006, Redwood City, $76M, Series E)
Sell-Side Platform
[Soonicorn] H2O.ai (2011, Mountain View, $75M, Series C)
Provides an open source machine learning platform
[Soonicorn] MapmyIndia (1992, Delhi, $46.4M, Series C)
Provider of map data, GPS based navigation products and mobile apps
[Soonicorn] Helpshift (2011, Pune, $38.2M, Series B)
Mobile First Customer Service Helpdesk
[Soonicorn] Indix (2010, Chennai, $29.5M, Series B)
SaaS based Big Data product intelligence platform
Top Exits
Recent News on Fund & Portfolio
Suvir Sujan
Co-Founder
Sandeep Singhal
Co-Founder
Oct 2017
Nexus, GREE Ventures back app-building platform
Hasura, VCCircle
Jan 2017
DigitalOcean, Hasura To Help Students Build Apps On
Cloud, SiliconIndia
None
11 1
2013 2014 2015 2016 2017 2018
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
US
India

Divergent Ventures
88
PaaS > Investors > Divergent Ventures

Microsoft Ventures
89
PaaS > Investors > Microsoft Ventures

Sierra Ventures
90
PaaS > Investors > Sierra Ventures

RRE Ventures
91
PaaS > Investors > RRE Ventures

Firestartr
92
PaaS > Investors > Firestartr

Right Side Capital Management
93
PaaS > Investors > Right Side Capital Management

94
PaaS > Investors > New Enterprise Associates

Trinity Ventures
95
PaaS > Investors > Trinity Ventures

Sequoia Capital
96
PaaS > Investors > Sequoia Capital

Hummer Winblad Venture Partners
97
PaaS > Investors > Hummer Winblad Venture Partners

Bessemer Venture Partners
98
PaaS > Investors > Bessemer Venture Partners

Crosslink Capital
99
PaaS > Investors > Crosslink Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
100
Seed Stage
Early Stage
Late Stage

101
PaaS > Investors > Insight Venture Partners

AME Cloud Ventures
102
PaaS > Investors > AME Cloud Ventures

103
PaaS > Investors > New Enterprise Associates

Ignition Partners
104
PaaS > Investors > Ignition Partners

Cisco Investments
105
PaaS > Investors > Cisco Investments

.406 Ventures
106
PaaS > Investors > .406 Ventures

Battery Ventures
107
PaaS > Investors > Battery Ventures

Verizon Ventures
108
PaaS > Investors > Verizon Ventures

109
PaaS > Investors > Safeguard Scientifics

Hi Inov
110
PaaS > Investors > Hi Inov

Excel Venture Management
111
PaaS > Investors > Excel Venture Management

TransLink Capital
112
PaaS > Investors > TransLink Capital

Alsop Louie Partners
113
PaaS > Investors > Alsop Louie Partners

Sapphire Ventures
114
PaaS > Investors > Sapphire Ventures

Lightspeed Venture Partners
115
PaaS > Investors > Lightspeed Venture Partners

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
116
Seed Stage
Early Stage
Late Stage

Sapphire Ventures
117
PaaS > Investors > Sapphire Ventures

Meritech Capital Partners
118
PaaS > Investors > Meritech Capital Partners

Cisco Investments
119
PaaS > Investors > Cisco Investments

IVP
120
PaaS > Investors > IVP

121
PaaS > Investors > Insight Venture Partners

Ignition Partners
122
PaaS > Investors > Ignition Partners

Sequoia Capital
123
PaaS > Investors > Sequoia Capital

Sands Capital Ventures
124
PaaS > Investors > Sands Capital Ventures

Verizon Ventures
125
PaaS > Investors > Verizon Ventures

126
PaaS > Investors > Safeguard Scientifics

Robert Bosch Venture Capital
127
PaaS > Investors > Robert Bosch Venture Capital

North Bridge
128
PaaS > Investors > North Bridge

World Innovation Lab
129
PaaS > Investors > World Innovation Lab

Tracxn - Paas Startup Landscape

Tracxn - Paas Startup Landscape

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