Tuesday, May 21, 2013

Adaptive Planning Gets $45M

Mountain View-based Adaptive Planning, a developer of cloud-based, business analytics software, said today that it has raised $45M in a funding round. The round was led by Bessemer Venture Partners, and also included ONSET Ventures, Norwest Venture Partners (NVP), RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures. The firm said the funding will go towards its sales and channel efforts. Byron Deeter of BVP joins the company's board with the funding.