- LeanIX will use Series D funding to develop business at a rapid pace by assisting organizations to become cloud native.
LeanIX, an Enterprise Architecture (EA) software company, closed USD 80 million in Series D funding. It is a German-based provider of software-as-a-service (SaaS) for managing Enterprise Architecture (EA). Also, it offers multi-cloud environments to allow businesses to make faster data-driven decisions in their IT. It is headquartered in Bonn, Germany, and was founded in 2012 by André Christ and Jörg Beyer.
The Series D brings LeanIX’s overall financing to more than USD 120 million, led by a new stakeholder Goldman Sachs Growth along with involvement from previous stakeholders Insight Partners and DTCP. The company plans to use the funds for its expansion at an international level and advance its solutions for cloud governance.
Last year, LeanIX expanded its presence across Utrecht (Netherlands), Hyderabad (India), and Munich (Germany). LeanIX functions in the EA space, and its SaaS could be termed as a “Google Maps for IT architectures.” The software allows an organization to understand the importance of modern SaaS and legacy software. It helps to create meta data on things such as what business process it is used for, how the several architectures fit together, as well as which squads have access to it.
LeanIX addresses the frequent issues related to the outdated or missing IT landscape. It uses cases such as technology risk management, application rationalization, and the shift from monolithic architectures to microservices to solve issues and face challenges in IT application landscapes.
Presently, the company is working with more than 300 international consumers and achieved over 100% revenue growth in 2019. Precisely, about 57% of consumers are in its home market Europe, and approximately 39% of the total sales are produced from the US market.
CEO and Co-founder of LeanIX, André Christ, said, “Many well-known enterprises have successfully restarted their EA initiative with LeanIX.” Further, he mentioned, “Due to its high usability and seamless integrations with other data sources, fast-growing businesses like Atlassian, Dropbox and Mimecast have also kick-started their EA practices.”
Hundreds of prominent brands across the globe, such as Zalando, Volkswagen, Vodafone, Adidas, Merck, and DHL, use this innovative solution. From on-premises to cloud-native and microservices, LeanIX users gain insights into how well technology supports businesses to raise competitiveness and to strengthen innovation.
Christian Resch, Managing Director of Goldman Sachs Growth, states, “LeanIX is a thought leader in Enterprise Architecture. We were impressed by its strong revenue growth, the positive customer feedback and the company’s visionary concept: LeanIX develops software solutions to reduce complexity in IT application landscapes.” Further, he mentioned, “LeanIX’s software helps companies with their transition to, and maintenance of, both the cloud and modern microservices architecture.”
The Vice President of Goldman Sachs Growth, Alexander Lippert, will join LeanIX’s board of directors.