Financial software business Adaptive Insights files to raise $100M in IPO


Financial management software developer Adaptive Insights Inc. filed Thursday to raise $100 million in an upcoming IPO.

The Palo Alto-based company has raised about $175 million in venture funding. PitchBook Data said it was valued at about $475 million after it raised its most recent round in 2015.

Adaptive Insights was launched by Robert Hull in 2003 to build a cloud-based software platform that chief financial officers can use for budgeting, forecasting, reporting, consolidation, dashboards…

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