Anaplan, the business data modeling and planning software company, announced that it has secured $30 million with Meritech Capital leading the round, together with existing investors Granite Ventures and Shasta Ventures. Anaplan plans to use the funds to power its ambitious expansion plans, to set up new data centers around the world and to speed up the development of its business-user centric planning and modeling platform. Anaplan’s HyperBlock technology is being utilized by companies such as McAfee, Diageo, Kimberly-Clark Eastern Europe, and Pandora. Fred Laluyaux, CEO of Anaplan said, “The enterprise planning and modeling market has been under-innovated for 10 years and is ready to be profoundly disrupted. Anaplan is that long-awaited innovation.” Read more