LeanIX Raises $80 Million Series D Funding Round Led by Goldman Sachs
LeanIX announced that it has closed $80 million in Series D funding led by new investor Goldman Sachs Growth. Other investors are Insight Partners and DTCP who, along with Capnamic Ventures and Iris Capital, have participated in earlier rounds. The investment strengthens the role of LeanIX as a visionary provider of Software-as-a-Service for Enterprise Architecture (EA). The closing brings LeanIX’s total funding to over $120 million – an unprecedented record level in the EA field. LeanIX will use the investment to continue its successful international growth and to further develop its complementary solutions for cloud governance.
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“Many well-known enterprises have successfully restarted their EA initiative with LeanIX”
LeanIX has experienced impressive growth since its founding in 2012 in Bonn, Germany: The company is currently working with 300 international customers and achieved 100% revenue growth in 2019. 39% of total sales are already generated in the US market; 57% in the European home market. In the last 12 months, the company has opened new offices in Hyderabad (India), Munich (Germany) and Utrecht (Netherlands), and now has over 230 employees worldwide.
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Aligning business priorities with technology change
LeanIX was founded because technology change and business alignment are unsolved challenges in many organizations. Complex and outdated IT landscapes often hold enterprises back from becoming fully agile, maximizing their customer experience or accelerating their time to market. Manual data collections in spreadsheets and previous generations of cumbersome EA tools do not satisfy the customers’ needs.
André Christ, LeanIX CEO & Co-Founder, describes the new approach: “LeanIX is like Google Maps for a company’s IT landscape: We provide information in the appropriate context to determine the exact location and to plan the future journey in a way the business understands. Looking at future states of your architecture should be as simple as jumping to a point in time in your backup with a time machine.” The transparency provided by LeanIX is used by companies of all sizes across industries.
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