Mulesoft to IPO with $187.7m revenue in 2016, losses of $49.6m

The San Francisco-headquartered business revealed it pulled in $187.7m last year, up 170 per cent from its $110.3m in revenue in 2015. Gross profits were just over $138m from $78m, and net losses decreased to a piddling $49.6m, down from $65.4m the year before.

Another take from Barb Darrow, inc.:

Mulesoft has raised $1.5 billion in venture funding from such backers as Lightspeed Venture Partners, Hummer Winblad, and New Enterprise Associates.

Man, that’s a lot of money poured into it since 2006 – “G round.”

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