# Clarizen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clarizen

- Industry: Software
- Headquarters: Milpitas, US
- Website: www.clarizen.com
- Total disclosed funding: $74M
- Latest round: Series F (May 21, 2014)
- Investors on record: 6

## About

Clarizen Inc. is a project portfolio management software provider based in the US, specializing in solutions that enhance organizational workflow, resource management, and collaboration for diverse industries.Clarizen Inc. is a provider of project portfolio management software that focuses on optimizing organizational workflows and resource allocation. Founded in 2006 in Milpitas, California, the company was acquired by Planview, Inc. in February 2021 from K1 Investment Management, which retained a minority stake. The latest funding, a BUYOUT round, raised USD 110.00 mn, contributing to a total amount raised of USD 110.00 mn. The current CEO is Matt Zilli.Planview AdaptiveWork offers a comprehensive project portfolio management software solution designed to empower organizations of all sizes to manage their workflows effectively and respond to changes in real-time. The core product integrates functionalities such as resource management, financial tracking, risk management, and collaboration tools, enabling teams to streamline their project execution processes. Released as a rebranded version of Clarizen, the platform caters to a diverse client base that includes sectors like healthcare, technology, manufacturing, and services. End users of the software typically include project managers, team leaders, and executives who require visibility into project statuses and resource allocations to enhance decision-making. Geographic markets for Planview AdaptiveWork span North America, Europe, and Asia-Pacific, allowing organizations in these regions to leverage the software for improved operational efficiency and alignment with strategic business goals.While specific revenue figures for Planview AdaptiveWork are not disclosed, the company's revenue structure is primarily based on subscription models, enabling businesses to access the software on a recurring basis. Clients typically engage with the platform through various tiers of subscription plans, which may include different levels of service, features, and user access depending on organizational needs. Revenue is generated from transactions that involve annual or monthly subscriptions for the software, which may be combined with professional services like implementation, training, and support. This model facilitates a consistent revenue stream as organizations rely on Planview AdaptiveWork for ongoing project management and resource optimization. The platform's capabilities to connect with other enterprise tools also enhance its value proposition, fostering deeper integrations that drive further client engagement and usage within their operational frameworks.Clarizen plans to leverage its recent acquisition by Planview to enhance its product offerings and expand its market reach. The latest funding will support the development of new features and functionalities within Planview AdaptiveWork, aiming for a rollout by early 2022. In addition, the company intends to target growth in the Asia-Pacific region and deepen its presence in Europe by the end of 2022, capitalizing on the increasing demand for efficient project management solutions. The company's strategic focus will be on refining its adaptive work capabilities and improving client engagement through advanced integrations.

## Funding rounds

- Series F, May 21, 2014, $35M — Benchmark, Vintage Investment Partners, DAG Ventures, Opus Capital Ventures, Viola Group, Goldman Sachs Asset Management
- Series E, Jun 5, 2012, $12M — Benchmark, Vintage Investment Partners, DAG Ventures, Opus Capital Ventures, Viola Group
- Series D, Apr 28, 2011, $12M — Benchmark, DAG Ventures, Opus Capital Ventures, Viola Group
- Series C, Dec 14, 2009, $8M — Benchmark, DAG Ventures, Viola Group
- Series A, Dec 4, 2006, $7M — Benchmark, Viola Group

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series C, Series D, Series E, Series F
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series A, Series C, Series D, Series E, Series F
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series C, Series D, Series E, Series F
- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series D, Series E, Series F
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series E, Series F
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series F