US-based enterprise results platform WorkBoard has raised $75 million in a Series D funding round led by SoftBank Vision Fund 2, according to an announcement.
Existing backers Andreessen Horowitz, GGV Capital, Workday Ventures, and Microsoft venture fund M12 participated in the round alongside new investors Capital One Ventures and SVB Capital.
The new funding values WorkBoard at $800 million on a post-money basis, TechCrunch reported. The company will use the proceeds for platform development and sales and marketing.
The firm had raised $65 million in its Series C funding round.
Founded in 2014, WorkBoard’s top clients include AstraZeneca, Microsoft, Cisco, Workday, IBM, 3M, VMware, Juniper, Zuora, among others.
“Today organisations globally need a faster, more agile approach to drive their strategies and operating rhythms. We believe WorkBoard’s leading platform helps organisations to define, align and manage strategic outcomes more efficiently,” said SoftBank Investment Advisers managing partner Nagraj Kashyap.
Among its main investments this year, SoftBank Vision Fund 2 invested $160 million in media firm Iyuno-SDI Group, a subsidiary of the Singapore-based I-YUNO Asia Pte Ltd, in April. Earlier, the fund along with Tencent Investment led a $300-million Series E round into Singapore-based innovation intelligence company PatSnap.