Workato Raises $340M in Series E

Workato has successfully raised $340M in a Series E at a $5.7B valuation led by Battery Ventures, Insight Partners.

Company Overview

Workato is a Enterprise Software company headquartered in Mountain View, CA, founded in 2013 with 900+ employees.

Enterprise automation platform

Fundraising Details

Amount Raised: $340M
Round Type: Series E
Valuation: $5.7B
Date: 2024-05-01
Investors: Battery Ventures, Insight Partners

About Workato

Enterprise automation platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Mountain View, CA
Founded: 2013
Team Size: 900+
Industry: Enterprise Software

What This Means

This funding round demonstrates strong investor confidence in Workato's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Workato's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $5.7B valuation marks an important milestone for Workato, positioning the company among notable players in the Enterprise Software industry.

Looking Ahead

With this new capital, Workato is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-01. For more information about Workato, visit their headquarters at Mountain View, CA.