Workato, a Mountain View, California-based enterprise automation company, raised $200 million in Series E funding valued at $5.7 billion and brought the total funding to date to over $420 million.
The round was led by Battery Ventures, with participation from Insight Partners, Altimeter Capital, Tiger Global, Geodesic Capital, and Redpoint Ventures.
The company intends to use the funds to accelerate its product roadmap and leadership in enterprise automation and expand in the U.S., EMEA, and APAC.
Company: Workato, Inc.
Raised: $200.0M
Round: Series E
Funding Month: November 2021
Lead Investors: Battery Ventures
Additional Investors: Insight Partners, Altimeter Capital, Tiger Global, Geodesic Capital, and Redpoint Ventures
Company Website: http://www.workato.com/
Software Category: Enterprise automation platform
About the Company: Founded in 2013, Workato is the leading Enterprise Automation Platform. Workato enables both business and IT teams to integrate their apps and automate business workflows without compromising security and governance. It enables companies to drive real-time outcomes from business events. There is no coding required, and the platform utilizes Machine Learning and patented technology to make the creation and implementation of automation 10X faster than traditional platforms.
Source: https://www.finsmes.com/2021/11/workato-raises-200m-in-series-e-funding-at-a-5-7-billion-valuation.html