Workato raises 110 million dollars for its automation

business workflow platform.

Workato, the global automation pioneer, announced $110 million in Series D funding led by

Altimeter Capital, a worldwide investor, together with Insight Partners. As an observer, Workato

will be joined by Pauline Yang, a partner at Altimeter Capital. Also participating in the round

were existing investors, Redpoint Ventures, and Battery Ventures. This investment raises the

company's overall capital to over 221 million dollars and Workato to 1,7 billion dollars.

The enterprise says they would utilize the capital to grow the product and technology, expand

their customer success programs, launch their first user conference in 2021, and invest in scaling

teams in the United States and globally. In 2018, while McKinsey polled 1,500 management

representatives across industries and geographies, 66% indicated it is a "top 10" priority to solve

skill gaps in automation and digitalization. Small and medium-scale business workflow

automation is predicted to take place at a scale from 2017 to 2026, therefore creating a market

opportunity of more than $1,6 billion.

Company: Workato

Round: pre-series D.

Investor: Access Ventures

Company website:

https://www.workato.com.

Software Category: Integration Software.

About the company:

Workato is a smart platform for automating work within companies. It allows companies and IT

to integrate and automate their apps. Workato allows users to connect and set triggers for other

activities with different systems. Workato is a Cupertino, California-based enterprise automation

and integration platform.