US-based integration software developer Workato closed a $10m series A round yesterday that included Salesforce Ventures and Workday Ventures, subsidiaries of enterprise software providers Salesforce and Workday respectively.
Enterprise-focused venture capital firm Storm Ventures led the round, which followed $6m in funding from Workato’s founders and advisors, the company said.
Workato has developed software that automates the integration of enterprise applications, and its product is used by more than 21,000 businesses.
The funding was announced together with the release of Workato Turing, a platform that uses machine learning to suggest app integrations.
Vijay Tella, Workato’s CEO, said: “SaaS (software-as-a-service) and APIs (application programming interfaces) have completely disrupted the enterprise software market, but integration platforms have not kept up.
“We are reinventing enterprise-grade integration for tomorrow’s dynamic digital business, while delivering consumer-grade ease-of-use. This funding round, along with the release of Workato Turing, will help us to push enterprises toward digital transformation faster.”