WorkOS, a platform that enables developers to add enterprise features to software, announced $80 million in Series B funding on Wednesday. The round was led by Greenoaks with participation from existing investors Lachy Groom, Lightspeed Ventures and Abstract Ventures.
WorkOS helps software companies quickly add features like single sign-on and directory sync, core requirements for software to be considered “enterprise ready.” Instead of developing these features in-house, which takes time and resources, WorkOS’ platform makes it quick and easy for companies to add enterprise features without a ton of overhead.
“Our goal is to level the playing field for new products to compete in the enterprise market — which previously was only accessible to established players — and enable startups to grow faster with bigger customers,” WorkOS founder and CEO Michael Grinich said in a statement. “WorkOS enables developers to not only ship [enterprise] features faster, but earlier in their lifecycle. Instead of toiling away for years, developers can integrate WorkOS in just a few hours and customers can be onboarded on day one. Just like how Stripe made payments easy and how Twilio made SMS easy, WorkOS makes enterprise readiness easy, helping companies cross the enterprise chasm.”
In addition to WorkOS’ Series B, the company also announced it has acquired Modulz, the user interface design company behind open source projects Radix and Stitches. Radix is a collection of accessible components made for building high-quality design systems and Stitches is a CSS-in-JS library with over two thousand Discord community members. As part of the acquisition, the Radix team will move over to WorkOS to work on UI components. Meanwhile, Stitches will continue to be available to its community members but Modulz as a company will sunset next month.
“In the four years since Stephen [Haney] and I started Modulz, we’ve achieved a lot. We’ve hired an exceptional team, built some amazing tech, grown Radix and Stitches into two incredibly successful open-source projects and built a thriving community around them. I’m proud of our team and proud of these accomplishments,” Modulz co-founder Colm Tuite said in a statement.
The new funding and acquisition follow a substantial period of growth for WorkOS. In just two years since the company’s founding, WorkOS has reached over 200 customers across the world including breakout startups like Loom, Webflow, Vercel, Drata, Hopin and Pitch. Earlier this year, the company was also recognized on the Enterprise Tech 30 and SMBTech 50 lists. WorkOS also announced last month that the company has reached full carbon neutral status, something it plans to maintain even as it scales.
WorkOS currently has over 40 employees across more than five continents and is actively looking to expand its team. Right now, the company has six open positions across several departments.
