# Adaptive Insights

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adaptive-insights

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.adaptiveinsights.com
- Total disclosed funding: $171M
- Latest round: Series G (Jun 29, 2015)
- Investors on record: 8

## About

Adaptive Insights Inc. provides cloud-based enterprise performance management software that enhances organizational financial planning and analysis. Their solutions support companies in making informed strategic decisions through integrated analytics and budgeting tools.Founded in 2003, Adaptive Insights Inc. specializes in cloud-based enterprise performance management solutions. The company is headquartered in Mountain View, California, US. In June 2018, Adaptive Insights was acquired by Workday, Inc. for USD 1.55 billion, marking a significant pivot in its business operations. The company's founder has a history of founding other technology companies, although specific details about previous ventures are not available. Adaptive Insights has raised a total of USD 75.00 mn through various funding rounds, including an ADD-ON funding round led by Workday, Inc. in June 2018.Adaptive Insights delivers software solutions for enterprise performance management (EPM), empowering organizations to enhance innovation, manage costs, and make strategic financial decisions. Their flagship product, Workday Adaptive Planning, is an AI-driven platform designed for collaborative budgeting, forecasting, and planning, integrating with various ERP and GL systems for real-time insights. The software caters to a diverse clientele across multiple sectors, including healthcare, financial services, and education, enabling finance teams and executives to tackle complex planning and reporting challenges effectively.In the most recent year, 2018, Adaptive Insights reported a revenue of USD 106.51 mn while experiencing an EBITDA loss of USD 35.63 mn.Following the acquisition by Workday, Inc. in June 2018, Adaptive Insights plans to leverage Workday's resources to enhance its product offerings and expand into new markets. The company is focused on developing new features for its Workday Adaptive Planning software and aims to enhance its reach in North America, Europe, and Asia-Pacific by the end of 2020. The recent funding from the acquisition deal will be utilized to support these initiatives and drive product innovation.

## Funding rounds

- Series G, Jun 29, 2015, $75M — Norwest Venture Partners, JMI Equity, Monitor Ventures, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Information Venture Partners
- Series F, May 21, 2013, $45M — Norwest Venture Partners, Relay Ventures, Monitor Ventures, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital
- Series E, Mar 14, 2012, $22M — Norwest Venture Partners, Relay Ventures, Monitor Ventures, ONSET Ventures, Cardinal Venture Capital
- Series D, Jan 30, 2009, $4M — Relay Ventures, Monitor Ventures, ONSET Ventures, Cardinal Venture Capital
- Series D, Dec 20, 2007, $10M — Relay Ventures, Monitor Ventures, ONSET Ventures, Cardinal Venture Capital
- Series C, Dec 22, 2006, $7.5M — Monitor Ventures, ONSET Ventures, Cardinal Venture Capital
- Series B, Sep 16, 2005, $5.2M — Monitor Ventures, ONSET Ventures
- Series A, Mar 23, 2005, $2M — ONSET Ventures

## Investors

- ONSET Ventures (https://capitalatlas.ai/funds/onset-ventures) — Series A, Series B, Series C, Series D, Series E, Series F, Series G
- Monitor Ventures (https://capitalatlas.ai/funds/monitor-ventures) — Series B, Series C, Series D, Series E, Series F, Series G
- Cardinal Venture Capital (https://capitalatlas.ai/funds/cardinal-venture-capital) — Series C, Series D, Series E, Series F, Series G
- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Series D, Series E, Series F
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series E, Series F, Series G
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series F, Series G
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series G
- Information Venture Partners (https://capitalatlas.ai/funds/information-venture-partners) — Series G