Portfolio October 24, 2011

Congrats to the Workday Team!

Announcing an $85M Financing Round


Congratulations to Greylock portfolio company Workday on announcing their new $85M financing round led by T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group Inc and Jeff Bezos. Arik Hesseldahl at All Things D gives a bit more detail here as well.

It’s an amazing group of new investors, and an amazing company that Aneel Bhusri, Dave Duffield and their team have built. In just 6 years since founding (and we were fortunate enough to lead their initial institutional funding), we’ve seen Workday grow from a brand new startup to providing enterprise-critical systems in Human Capital Management, Payroll & Financial Management for more than 2 million users across more than 230 companies.

It’s been a pleasure to witness the rapid rise of Workday among customers of all sizes — it’s just a testament to how transformative cloud-based systems can be — and how much they can blow away legacy approaches to enterprise software in every respect.

So congratulations to Aneel, Dave, and the rest of Workday — we couldn’t be happier for everyone involved!