Workato, a US-based software integration platform backed by cloud software providers ServiceNow, Workday and Salesforce, raised $70m yesterday in a series C round led by venture capital firm Redpoint Ventures.
Geodesic Capital, Norwest Venture Partners, Storm Ventures and Battery Ventures also contributed to the round.
Founded in 2013, Workato offers an artificial intelligence-equipped software platform deployed by more than 6,000 enterprise IT teams to integrate a range of cloud-hosted apps and securely automate digital workflows.
The software is easy to scale by clients aiming to expand their operational footprint, facilitating the process without the need to install additional servers or processing units.
Workato is in the midst of an international recruitment drive having accelerated business growth three-fold over the past year.
The business also aims to execute its product roadmap and build out its range of enterprise software integrations which, among others, include Salesforce and ServiceNow.
Both corporates previously combined to help close Workato’s $25m series B round in December 2018, with the latter investing through its Workday Ventures unit alongside Battery Ventures and Storm Ventures.
Workato had already completed a $10m series A round in July 2017 led by Storm Ventures that included both Workday Ventures and Salesforce Ventures – Salesforce’s corporate venturing arm – adding to $6m in earlier funding from the company’s founders and advisers.