HomeUSAWorkato Raises $70M in Series C Funding

Workato Raises $70M in Series C Funding

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workatoWorkato, a Mountain View, Calif.-based enterprise automation platform, secured $70m in Series C funding.

The round, which brought total funding raised to date to $111m, was led by Redpoint Ventures with participation from Norwest Venture Partners, Geodesic Capital, and existing investors Battery Ventures and Storm Ventures.

The company intends to use the funds to expand operations and further accelerate its product roadmap extending its Application Partner community with SaaS companies, including Zendesk, Snowflake, OutSystems, Marketo, ServiceNow and Salesforce.

Led by Vijay Tella, CEO, Workato provides an enterprise automation platform that can:
– connect to and handle mission-critical integrations across thousands of apps
– address complex workflow needs across all business teams with its workflow automation capabilities, from Finance, HR, and IT to Marketing, Sales, and Support
– foster collaboration between IT and lines of business teams
– provide enterprises the assurance of enterprise-grade security and governance
– scale elastically to handle enterprise-wide integrations and workflow automations without requiring provisioning of servers/cores/atoms

More than 6,000 enterprises currently use Workato, including Intuit, Coupa, Nutanix, Slack, Procore, Grab, Rapid7, and Autodesk.

FinSMEs

11/11/2019