Workato Raises $200 Million Series E

SINGAPORE – Media OutReach – 11 November 2021 – Workato, a leader in enterprise automation, today announced $200 million in Series E funding led by Battery Ventures, with equal participation from Insight Partners, Altimeter Capital and Tiger Global. Geodesic Capital and Redpoint Ventures also participated in this round of financing.

The new funding values Workato at $5.7 billion and comes just nine months after its $110 million Series D. Workato has raised over $420 million in total funding to date. The investment arrives at a time of rapid growth for Workato and the automation market as a whole, as enterprises recognize the urgent need to increase their agility, innovation and efficiency against a backdrop of transformation and change.

The pandemic has driven an even greater need for business excellence, and companies have responded by automating core workflows; seeking out low-code tools that empower employees to work quickly and autonomously. “Businesses are still struggling to achieve true transformation because RPA and integration tools cannot scale to address the needs of enterprises today,” said Vijay Tella, Workato CEO and Co-founder.

“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.”

Historically, companies have been forced to deploy a variety of integration and automation tools to optimize their processes at the data, process, API and UX levels. This model is highly inefficient, and companies have flocked to Workato because it provides all of these capabilities in a single, low-code platform that allows business users and IT departments to collaborate on process automation.