Business

Ladies and Gents, We Have A New Billion-Dollar Startup

Human resources software company Workday will be announcing an $85 million round of financing today, says All Things D’s Arik Hesseldahl.

Hesseldahl’s sources say the round was raised a $2 billion valuation. The California-based company has raised $250 million to date.

Workday raised the round from institutional investors who are eying the company’s 2012 IPO, including  T. Rowe Price, Morgan Stanley Investment Management, Janus, and Bezos Expeditions.

All Things D says the company did $160 billion in 2010 billings, and that it will do about twice that this year. It’s almost at break-even, according to Hesseldahl.

Last month, Workday came in at #36 on our list of the 100 most valuable private tech companies with a $600 million valuation.

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