Workato, a Mountain View, CA-based integration-led automation company, raised $110m in Series D funding.
The round, which brings the total capital to over $221m and values the company at $1.7 billion, was led by Altimeter Capital with participation from Insight Partners and existing investors Redpoint Ventures and Battery Ventures. In conjunction with the funding, Pauline Yang, partner at Altimeter Capital, will join Workato’s board of directors as an observer.
The company intends to use the funds for
- product innovation and technology development,
- expansion of its customer success program,
- launch of its first user conference in 2021, and
- scaling of teams in the U.S. and internationally in EMEA and APAC.
Led by Vijay Tella, CEO and co-founder, Workato allows companies to maximize the value of their apps, data and people by making it easy to integrate disconnected data and applications, and securely automate workflows to accelerate business outcomes. The company’s no code/low code platform combines enterprise-grade integration and automation capabilities in a single platform to allow IT and business teams to collaborate to integrate data, processes, applications and user experiences in almost any combination without compromising security and governance.
The platform automates processes in marketing, sales, finance, HR, IT, and many other business areas and is used by more than 7,000 businesses, including Broadcom, Coupa, Intuit, Autodesk, Nutanix and Rapid7.