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California-based software firm Workato nabs $70 mn in Series C funding

Workato

Vijay Tella, CEO of Workato

California-based Workato, an enterprise automation platform has secured $70 million in Series C funding led by Redpoint Ventures. The company also saw participation from Norwest Venture Partners, Geodesic Capital, and existing investors Battery Ventures and Storm Ventures.

The recent round brings the total investment in Workato from various SaaS companies including Salesforce, ServiceNow, and Workday, to $111 million, according to a statement.

Workato is a platform that can connect to and handle integrations across thousands of apps and addresses the workflow needs across business teams. The platform can be used by and foster collaboration between IT and the lines of business teams. It provides enterprises the assurance of enterprise-grade security and governance.

The platform scales elastically to handle enterprise-wide integrations and workflow automation without requiring provisioning of servers/cores/atoms.

More than 6,000 enterprises including Intuit, Coupa, Nutanix, Slack, Procore, Grab, Rapid7, and Autodesk use Workato. The company claims to have more than tripled its growth since it raised Series B funding in 2018 and is expanding its workforce by hiring for strategic roles globally. The company also continues to accelerate its product range and expand its application partner community with SaaS companies.

“This funding enables us to further accelerate our vision to help businesses innovate faster with enterprise-wide automation through a single, powerful, secure platform that addresses all the integration and automation needs of an enterprise and that can be used by both business and IT,” Vijay Tella, CEO of Workato said.

Workato

Workato is an operating system for the fast-moving business. It is an enterprise automation platform that enables both business and IT to integrate their apps and automate mission-critical workflows without compromising security and governance.

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