Endeca lands $15M from Intel, SAP

Cambridge-based software maker Endeca Technologies Inc. reports receiving investments from SAP Ventures and Intel Capital.

California-based Intel Capital, the investment arm of Intel Corp., invested $10 million in Endeca and SAP Ventures, the investment arm of Germany's SAP AG, invested $5 million. While officials wouldn't confirm the total amount raised to date, the latest financing round increases total investment to at least $60 million.

Endeca, founded in 1999 as Optigrab Inc., develops enterprise search and business intelligence software.

In 2004, Endeca completed a $15 million mezzanine financing round co-led by Lehman Brothers and Granite Global Ventures, along with investors Ampersand Ventures, Bessemer Venture Partners, Venrock Associates, and DN Capital.

Endeca employs 500 workers, 400 of whom are based in Cambridge. The company reports having more than 500 customers, including The Boeing Co., the Ford Motor Co. and John Deere Co.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.