Workato Raises $200M in Series E Funding at a $5.7 Billion Valuation
Summary
The round, which valued Workato at $5.7 billion and total funding raised to date to over $420m, was led by Battery Ventures, with participation from Insight Partners, Altimeter Capital and Tiger Global, Geodesic Capital and Redpoint Ventures. The company intends to use the funds to further accelerate its product roadmap and leadership in enterprise automation and to further expand in the U.S., EMEA and APAC. More than 11,000 customers now use the company’s platform including Stitch Fix, Gitlab, NYU, Nokia, Lucid Motors, joining Broadcom, Toast, and many others. The global expansion includes opening additional data centers in APAC, adding support for regional languages, and accelerating the product roadmap to address the needs of local regions. Ekstrom previously held management roles at leading multinationals including Dell, EMC and Xerox and most recently was VP & GM at Blue Prism, an enterprise intelligent automation vendor.
Funding
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