Workflow automation platform Workato announced Tuesday that it raised $110 million in a Series D round co-led by Altimeter Capital and Insight Partners. The new investment values the unicorn at $1.7 billion, according to the company.
The latest round is the company’s first since its $70 million Series C in November of 2019. Workato has since tripled its revenue and the size of its customer base, according to the company.
Workato will use the new funding to invest in product research and technology development. The company will also look to expand its customer success program as well as “significantly” invest in scaling its U.S. and international teams.
Workato is now hiring for 10 open positions based out of its Mountain View headquarters. Available roles span the company’s business development, marketing, human resources, product and engineering teams. Several remote positions are also up for grabs for those located on the West Coast.
Workato’s cloud-based platform works to centralize apps, data, APIs, integrations and process automation for business and IT users, according to the company. Platform users have the option to create automations from scratch or they can choose to get started with one of the company’s pre-built automation recipes.
Recipes are sets of instructions that automate complex workflows. Every recipe can be a representational state transfer (REST) endpoint that can be called from other recipes or apps, according to the company.
“There’s been explosive growth in business apps and cloud technologies, but their potential remains largely untapped. This explosion has created tech chaos with siloed data, fragmented business processes and broken UX,” Vijay Tella, CEO and co-founder of Workato, said in a statement.
The average large company uses over 1,300 applications, according to Workato. As a result, customer data may be spread out across hundreds of apps, making it difficult for enterprise users to access. Workato’s mission is to bring together all of that information and make it accessible to those who need it on one platform.
“The explosion of SaaS apps and increasingly complex hybrid environments have accelerated the need for integration-led automation,” Pauline Yang, partner at Altimeter, said in a statement.
The company counts over 7,000 businesses as clients, including companies like Zillow, Levi’s and Kaiser Permanente.
Workato has an additional office in New York as well as several international offices in Spain, Japan, Australia and India, to name a few.
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