Total amount raised
$2.4 Billions
Latest funding date
10/1/2022
Location
Splunk has successfully raised significant funding over multiple rounds, culminating in its acquisition by Cisco for $28 billion. The company specializes in operational intelligence software, providing solutions for monitoring, reporting, and analyzing real-time machine data.
Keep reading to explore the intricacies of Splunk's fundraising journey and the investors backing this innovative platform.
What Is Splunk?
Splunk, founded in 2003 by Erik Swan, Michael Baum, and Rob Das, is headquartered in San Francisco, California. The company specializes in operational intelligence software, offering solutions for monitoring, reporting, and analyzing real-time machine data.
Splunk's products cater to various industries, including manufacturing, retail, and financial services, providing advanced threat detection, incident management, and cloud monitoring. Their software helps organizations enhance security, IT operations, and business performance.
With a workforce of 5001-10000 employees, Splunk continues to innovate and expand its offerings, solidifying its position as a leader in the operational intelligence space.
How Much Funding Has Splunk Raised?
- Series A
- Amount Raised: $5M
- Date: December 2004
- Lead Investors: August Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their operational intelligence software.
- Series B
- Amount Raised: $10M
- Date: January 2006
- Lead Investors: JK&B Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series C
- Amount Raised: $25M
- Date: September 2007
- Lead Investors: Ignition Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and increase sales efforts.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and innovation.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their product offerings and market presence.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: September 2011
- Lead Investors: Akkadian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Equity
- Amount Raised: $1B
- Date: June 2021
- Lead Investors: Silver Lake
- Valuation at Round: $160 per share
- Motivation Behind the Round: To support growth initiatives and share buybacks.
- Post-IPO Equity
- Amount Raised: $1.4B
- Date: March 2022
- Lead Investors: Hellman & Friedman
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate cloud transition and enhance cybersecurity capabilities.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: October 2022
- Lead Investors: Starboard Value
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen business fundamentals and support strategic initiatives.
Total Amount Raised: $2.44B
Current Valuation: $28B
Key Investors
- Starboard Value
- Details: Starboard Value is an American investment firm known for its activist approach. They often take significant stakes in companies to influence management and strategic direction.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Yahoo, Papa John's, eHealth.
- Hellman & Friedman
- Details: Hellman & Friedman is a private equity firm based in San Francisco. They specialize in large-scale investments in high-growth sectors.
- Investment Focus Areas: Software, financial services, healthcare.
- Notable Investments: Genesys, Ultimate Software, Grocery Outlet.
- Silver Lake
- Details: Silver Lake is a global private equity firm with a focus on technology investments. They manage over $75 billion in combined assets.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- Akkadian Ventures
- Details: Akkadian Ventures is a private equity firm that provides liquidity solutions to early investors and employees. They focus on secondary market transactions.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: DocuSign, Facebook, Twitter.
- Ignition Partners
- Details: Ignition Partners is a venture capital firm that invests in early-stage technology companies. They have a strong presence in the Pacific Northwest.
- Investment Focus Areas: Enterprise software, cloud computing, cybersecurity.
- Notable Investments: DocuSign, Splunk, Cloudera.
What's Next for Splunk?
Splunk's future looks promising as it pivots to a cloud-first strategy, capitalizing on the growing demand for cloud solutions and cybersecurity tools. The introduction of new products like Security Cloud positions Splunk to tap into the rapidly expanding market for breach prevention tools, which is seeing significant enterprise spending. With an 83% year-over-year increase in recurring revenue, the potential for growth is substantial.
Future fundraising opportunities appear favorable, bolstered by the positive market reaction to recent investments. However, challenges such as increased losses from higher cloud strategy spending and stiff competition in the enterprise software market could pose hurdles. Despite these challenges, Splunk's strategic focus on cloud and cybersecurity offers a robust path forward.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Splunk and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
