The Salesforce-backed business planning software producer has filed for a $100m initial public offering having raised $176m in VC funding.

US-based business planning software provider Adaptive Insights has filed to raise up to $100m in an initial public offering that would allow enterprise software producer Salesforce to exit.

Founded in 2003, Adaptive Insights has developed a cloud-based platform that enables organisations to build models of their operations and collaborate on planning while analysing performance data.

The company generated a $42.7m net loss from $107m in revenue in the year leading up to the end of January 2018. It has raised…