Workato Raises Second $100 Million-Dollar-Plus Funding Round of 2021

Source: Workato

Workato recently announced $200 million in Series E funding led by Battery Ventures with equal participation from Insight Partners, Altimeter Capital, and Tiger Global. The round brings the company’s total earned to more than $420 million since its founding in 2013. The news also comes less than a year after Workato raised $110 million in Series D funding. Workato was recently named a major player in Enterprise Integration Platform as a Service by Solutions Review after its appearance in Gartner’s Magic Quadrant.

Workato offers a self-service application integration solution for unifying applications on-prem and in the cloud. The product allows organizations to create recipes, which are automated workflows that connect apps to complete tasks composed by users based on a combination of apps, triggers, and actions. Workato currently connects to more than 300 enterprise apps, with new apps being added frequently.

Workato’s latest funding will be used to further accelerate the company’s product roadmap and leadership in enterprise automation. Workato is also launching the “10,000 Connector Initiative” with the acquisition of RailsData, which specializes in the connectivity of applications, databases, and devices using APIs. The round will be used to aid Workato’s further expansion in the U.S., EMEA and APAC as well. This expansion includes opening additional data centers in APAC, adding support for regional languages, and hastening the product roadmap to address the needs of local regions.

In a media statement on the news, Workato co-founder and CEO Vijay Tella said: “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 organizational 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.”

Read We raised $200M to accelerate our leadership in Enterprise Automation in the company’s blog to learn more.