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Azim Premji just pumped in $90million into cloud firm Anaplan

BI India BureauJan 15, 2016, 12:08 IST

The family office of Azim Premji, Premji Invest, pumped $90-million funding into cloud firm Anaplan.

Now, Anaplan values at $1.09 billion. This funding will also give the US-based company a firm ground in India.

Anaplan, which was founded in 2006 by Guy Haddleton and Michael Gould, gives enterprise planning and modelling software to businesses.

"Premji Invest is thrilled to lead this investment round because we have seen a broad range of companies around the world transform their businesses with Anaplan's agile planning and modeling platform," said Sandesh Patnam, partner and lead US investor, at Premji Invest.

Premji Invest has also pumped funds in Cyanogen, Zuora and Service-Max.

(Image: Thinkstock)