Announced
Completed
Financials
Sources
Tags
Venture Capital
Friendly
Acquisition
Cross Border
Minority
IT Services: Other
integration-led automation
United States
Private Equity
Single Bidder
Private
Completed
online platform
machine learning
Synopsis
Battery Ventures, a venture capital firm, led a $200m Series E round in Workato, an enterprise automation platform. Additional investors included Insight Partners, Altimeter Capital, Tiger Global, Geodesic Capital and Redpoint Ventures. "Businesses are still struggling to achieve true transformation because RPA and integration tools cannot scale to address the needs of enterprises today. Workato’s enterprise automation platform, a single platform for automation and integration that can be used by both Business and IT, addresses the challenges companies face when trying to automate at scale, enabling enterprises to achieve the speed and agility necessary for organisational transformation. We’re excited to put this new round of funding to work for our customers as they continue to push the boundaries of innovation," Vijay Tella, Workato CEO and Co-founder.
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