\n<\/p>\n
SINGAPORE –\u00a0Media
\u00a0<\/p>\n The investment arrives at a time of rapid
\u00a0<\/p>\n “Businesses are still struggling to
\u00a0<\/p>\n Historically, companies have been forced to
\u00a0<\/p>\n More than 11,000 customers now use Workato’s
Workato’s latest funding will be used to
\u00a0<\/p>\n The round will also be used to aid Workato’s
\u00a0<\/p>\n “Since
\u00a0<\/p>\n “The events of the past 10 months have made
\u00a0<\/p>\n Workato’s customers are supported by a
\u00a0<\/p>\n “Automation exists to enable and empower end users, make
\u00a0<\/p>\n Customers trust Workato
\nOutReach<\/a>\u00a0–\u00a011 November 2021 –\u00a0Workato<\/a>, the leader in enterprise automation, today announced $200
\nmillion in Series E funding led by Battery Ventures, with equal participation
\nfrom Insight Partners, Altimeter Capital and Tiger Global. Geodesic Capital and
\nRedpoint Ventures also participated in this round of financing. The new funding
\nvalues Workato at $5.7 billion and comes just nine months after its $110
\nmillion Series D. Workato has raised over $420 million in total funding to
\ndate. <\/p>\n
\ngrowth for Workato and the automation market as a whole, as enterprises
\nrecognize the urgent need to increase their agility, innovation and efficiency
\nagainst a backdrop of transformation and change. The pandemic has driven an
\neven greater need for business excellence, and companies have responded by
\nautomating core workflows; seeking out low-code tools that empower employees to
\nwork quickly and autonomously.<\/p>\n
\nachieve true transformation because RPA and integration tools cannot scale to
\naddress the needs of enterprises today,” said Vijay Tella, Workato CEO and
\nCo-founder. “Workato’s enterprise automation platform, a single platform
\nfor automation and integration that can be used by both Business and IT,
\naddresses the challenges companies face when trying to automate at scale,
\nenabling enterprises to achieve the speed and agility necessary for
\norganizational transformation. We’re excited to put this new round of funding
\nto work for our customers as they continue to push the boundaries of
\ninnovation.”<\/p>\n
\ndeploy a variety of integration and automation tools to optimize their
\nprocesses at the data, process, API and UX levels. This model is highly
\ninefficient, and companies have flocked to Workato because it provides all of
\nthese capabilities in a single, low-code platform that allows business users
\nand IT departments to collaborate on process automation.<\/p>\n
\nenterprise automation platform to automate their critical business processes.
\nIn the past 12 months, Workato has:<\/p>\n\n
\nsize of the Asia Pacific team in the next year<\/li>\n
\nevery quarter<\/li>\n
\nAuthority of Singapore) as qualified contenders to government and large
\nenterprise buyers<\/li>\n
\nenterprises like Grab, Cycle & Carriage and Scoot<\/li>\n
\nbusiness processes automated by customers and quadrupled the workload per
\ncustomer<\/li>\n
\nlaunch Singapore data center in the first half of 2022<\/li>\n
\nlike Stitch Fix, Gitlab, NYU, Nokia, Lucid Motors, joining Broadcom, Toast, and
\nmany others<\/li>\n
\napplication connector factory; increasing the number of application connectors
\nby over 10x in the next few years<\/li>\n
\nheadcount<\/li>\n
\nGartner’s Enterprise iPaaS Magic Quadrant for the fourth year in a row – with
\nthe largest positive movement of any leader this year<\/li>\n
\nWorkato Automate, which attracted more than 12,000 participants<\/li>\n
\n100, the definitive ranking of the top 100 private cloud companies in the world<\/li>\n
\nFast 500 as one of the top 100 fastest growing companies globally<\/li>\n<\/ul>\n
\nfurther accelerate the company’s product roadmap and leadership in enterprise
\nautomation, in addition to continuing to drive the integration-led automation
\nmovement. Workato, already a leader in connecting and integrating applications,
\nis launching the “10,000 Connector Initiative” with the acquisition of
\nRailsData, which specializes in the connectivity of applications, databases,
\nand devices using APIs. With thousands of applications used by an enterprise,
\nconnectivity is critical to achieving automation at scale.<\/p>\n
\nfurther expansion in the U.S., EMEA and APAC. This global expansion includes
\nopening additional data centers in APAC, adding support for regional languages,
\nand accelerating the product roadmap to address the needs of local regions. <\/p>\n
\nleading Workato’s Series B in 2018, we’ve been
\nexcited to see the steady growth of
\nusage among Workato’s customers\u2014many of them leaders in their
\nrespective industries\u2014and Workato’s solidifying
\nposition as a leader in the automation market, one of the fastest-growing sectors in technology,” said Neeraj Agrawal, a general partner at Battery
\nVentures. “We’ve
\nhad a front-row seat to watch Workato truly
\ntransform many of its customers’ businesses, which is one reason why we and
\nother existing investors in the company are excited to lead this new funding
\nround.”<\/p>\n
\noperational excellence more critical than ever, and businesses understand that
\nenterprise automation is a cornerstone to achieving the heightened agility,
\ninnovation and performance they need to succeed in any environment,” said
\nPauline Yang, partner, Altimeter Capital. “The market for automation products
\nwill only continue to expand, and we believe that Workato has the best
\ntechnology, partnerships and leadership team in place to capitalize on this
\nexciting opportunity.”<\/p>\n
\nthriving and growing community of 100,000 users who create and share automation
\n“recipes” for common business processes that can then be reused by other
\ncustomers. As more customers join the platform, they create more recipes which
\nincreases the utility of the platform, attracting even more users in a virtuous
\ncycle that continuously drives Workato’s growth.<\/p>\n
\norganizations adaptable, and keep the lights on all the time,” said Andy
\nNallappan, CTO and Head of Software Business Operations at Broadcom. “Back in
\nthe day, automation was a complicated effort that required a lot of technology,
\ninfrastructure, processes, and tools. But now, it’s as simple as a recipe
\nthanks to Workato. Everyone can use it. It can become part of the team, the
\nbasis of an automation culture. Workato makes automation much more successful
\nand frictionless.”<\/p>\n
\nas their automation platform of choice and three out four customers automate
\nbusiness processes across three or more business functions. <\/p>\n