Workato Announces $110M at $1.7B Valuation to Change How Enterprises Function with Integration-Led Automation

MOUNTAIN Look at, Calif.–(Company WIRE)–Workato, the leader in integration-led automation, currently introduced $110 million in Sequence D funding led by global financial commitment company Altimeter Capital together with Perception Partners. Pauline Yang, lover at Altimeter Funds, will join Workato’s board of administrators as an observer. Current investors, Redpoint Ventures and Battery Ventures, also participated in the round. This financial investment provides the total cash elevated by the corporation to more than $221 million and values Workato at $1.7 billion.

“There’s been explosive progress in enterprise apps and cloud technologies, but their possible stays largely untapped. This explosion has established tech chaos with siloed info, fragmented organization processes and damaged UX,” said Vijay Tella, CEO and co-founder of Workato. “Workato addresses this with a one platform created for organization and IT that easily, reliably, and securely connects their applications, facts, and enterprise processes so groups can get the job done smarter and more quickly. With our new expense, we’re on the lookout forward to encouraging other corporations around the globe use integration-led automation to rework how they do the job.”

Shaping the Long term of Operate for the Business

Workato enables businesses to maximize the worth of their applications, information and persons by building it straightforward to integrate disconnected information and programs, and securely automate workflows to speed up business outcomes. Previously, businesses attempted to achieve this utilizing a patchwork of distinct technologies, like Robotic Approach Automation (RPA), Integration System as a Service (iPaaS), business method management (BPM) and chatbots. This legacy approach calls for groups of experts and effects in fragile application and workflow connections that are insecure and really hard to scale. Workato’s no code/low code platform brings together business-grade integration and automation abilities in a solitary platform that is dependable by IT and uncomplicated to use for the organization. With Workato, IT and business enterprise teams can more easily collaborate to speedily combine data, procedures, programs and person experiences in just about any mix with out compromising stability and governance.

Workato’s integration-led automation platform is made use of by far more than 7,000 organizations, which includes Broadcom, Coupa, Intuit, Autodesk, Nutanix and Immediate7. With a promptly increasing group of around 70,000 end users who can develop automations from scratch or get begun speedier with in excess of 500,000 pre-developed automation “recipes,” Workato’s cloud-native system automates procedures in advertising and marketing, revenue, finance, HR, IT, and lots of other business enterprise locations so that groups can do the job a lot quicker and smarter.

A Record-Breaking Year Accelerated by COVID-19 and the Electronic Critical

Considering the fact that boosting its $70 million Collection C round in late 2019, Workato has:

• Practically tripled its earnings and purchaser base
• Elevated workflows in creation for every client threefold and workloads for each customer fourfold across info integration, course of action automation, and chatbots
• Seen the customer and companion local community build about 500 connectors to new apps and systems just about every month
• Rated 96th in North The us and 17th in the Bay Place in Deloitte’s 2020 Know-how Quickly 500
• Named as a leader for the past a few a long time in Gartner’s Magic Quadrant for Business iPaaS, Workato is the only automation platform seller that is also a chief in integration. Workato is also the only Automation vendor identified in The Forrester Wave™: Strategic iPaaS and Hybrid Integration Platforms report, additional underpinning Workato’s integration-led strategy to automation
• Experienced 200% growth in new associates, and solid new technological innovation partnerships with providers like Snowflake, Adobe, OutSystems, Office from Facebook and extra

Workato will use the new investment to double down on its solution innovation and technological know-how enhancement, continuing to guide the movement towards integration-led automation. The business will also expand its shopper results software and start its initially user conference in 2021. Furthermore, it will devote noticeably in scaling teams in the U.S. and internationally in EMEA and APAC.

“The explosion of SaaS applications and significantly complex hybrid environments have accelerated the require for integration-led automation. Workato has seasoned such viral adoption due to the fact they are the initially to combine enterprise-degree integration and automation capabilities in a single platform with consumer simplicity of use,” reported Pauline Yang, companion at Altimeter. “We are thrilled to be partnered with Vijay and the complete Workato staff as they go on to rework how enterprises do the job.”

“Our primary worries were being the same challenges you see in most companies: soaring fees, a expanding IT backlog, and the have to have to proficiently deal with chance. Now, two yrs into implementing Workato inside our ML/NLP ecosystem, we have accelerated all of the function that IT does by about 30%. And whilst our enterprise has developed promptly, IT headcount and commit has remained flat,” reported Wendy M. Pfeiffer, CIO at Nutanix. “Now that we’ve built headroom in our budget and inside of our current team, we have the capacity for higher-level jobs. We have realized 100% compliance with our SLAs, and our inside NPS scores regularly evaluate in the 90s. You cannot attain this sustained efficiency by just keeping the training course. You have to use modern equipment like Workato.”

About Workato

The leader in integration-led automation, Workato helps organizations work more rapidly and smarter with out compromising safety and governance. Created for business enterprise and IT users, Workato is trustworthy by in excess of 7,000 of the world’s top rated manufacturers like Broadcom, Intuit, Box, Autodesk, and HubSpot. Headquartered in Mountain Perspective, Calif., Workato is backed by Altimeter Capital, Battery Ventures and Redpoint Ventures. For far more info, visit www.workato.com or connect with us on social media:

1. Gartner. “Gartner Magic Quadrant for Company Integration Platform as a Services.” Gartner., 2020, https://www.gartner.com/en/files/3990698/magic-quadrant-for-business-integration-platform-as-a-.