Announced
Financials
Sources
Tags
Acquisition
Single Bidder
Minority
Friendly
Private Equity
integration-led automation
Private
United States
IT Services: Other
Domestic
Pending
Synopsis
Workato, the company active in integration-led automation, announced $110m in Series D funding led by Altimeter Capital alongside Insight Partners, a global investment firm. Existing investors, Redpoint Ventures, and Battery Ventures, also participated in the round. This investment brings the total capital raised by the company to over $221m and values Workato at $1.7bn. "There's been explosive growth in business apps and cloud technologies, but their potential remains largely untapped. This explosion has created tech chaos with siloed data, fragmented business processes, and broken UX. Workato addresses this with a single platform built for business and IT that easily, reliably, and securely connects their apps, data, and business processes so teams can work smarter and faster," Vijay Tella, Workato CEO, and Co-Founder.
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