Workato is a leading AI-driven automation and iPaaS (Integration Platform as a Service) provider that enables enterprises to connect applications, automate workflows, and eliminate manual processes. Its platform uses no-code and low-code tools to help businesses streamline operations across departments like IT, HR, finance, and marketing. By leveraging AI, Workato simplifies complex automation tasks such as invoice processing, employee onboarding, and compliance monitoring. Its subscription-based model allows companies to adopt scalable automation, transforming business agility and productivity.
What Is Workato and What Does It Do?
Workato, founded in 2013 by Alexey Timanovskiy, Dimitris Kogias, Gautham Viswanathan, Harish Shetty, and Vijay Tella, is a Mountain View-based (United States) enterprise automation and integration company.
Workato employs around 325 professionals and empowers organizations to integrate apps and automate processes using AI, machine learning, and no-code capabilities, enabling businesses to operate smarter and faster. Its tools cater to industries such as HR, sales, finance, education, and marketing, offering secure automation for tasks like invoice generation, onboarding, SOAR (Security Orchestration Automation & Response), and IAM provisioning.
How Much Funding Has Workato Raised?
- Series E
• Amount Raised: $200 million
• Date: November 2021
• Lead Investors: Battery Ventures
• Motivation: To expand globally, make strategic acquisitions, and prepare for a potential IPO. - Series D
• Amount Raised: $110 million
• Date: January 2021
• Lead Investors: Altimeter Capital, Insight Partners
• Motivation: To accelerate platform development and strengthen enterprise automation offerings. - Series C
• Amount Raised: $70 million
• Date: November 2019
• Lead Investors: Redpoint Ventures
• Motivation: To expand its customer base and enhance automation and AI capabilities. - Series B
• Amount Raised: $25 million
• Date: December 2018
• Lead Investors: Battery Ventures
• Motivation: To scale business operations and extend integration reach. - Series A
• Amount Raised: $10 million
• Date: July 2017
• Lead Investors: Storm Ventures
• Motivation: To accelerate product innovation and expand market presence.
Total Funding Raised: $421 Million
Current Valuation: $5.7 Billion (as of November 2021)
Latest Funding Date: November 2021
Key Investors
- Battery Ventures
• Details: A global venture firm investing across software, cloud, and enterprise technology.
• Investment Focus Areas: SaaS, automation, and B2B software.
• Notable Investments: Coupa, Nutanix, Datadog, Workato. - Altimeter Capital
• Details: A multi-stage investment firm focused on technology leaders in public and private markets.
• Investment Focus Areas: Cloud computing, SaaS, and fintech.
• Notable Investments: Snowflake, Roblox, Unity, Workato. - Insight Partners
• Details: A New York-based private equity and venture capital firm investing in high-growth software companies.
• Investment Focus Areas: Enterprise software, data, and AI.
• Notable Investments: Shopify, Qualtrics, Monday.com, Workato. - Tiger Global Management
• Details: A global investment firm that backs innovative software and internet companies.
• Investment Focus Areas: Internet, software, and fintech.
• Notable Investments: Stripe, Flipkart, Airtable, Workato. - Redpoint Ventures
• Details: A venture capital firm supporting early and growth-stage technology startups.
• Investment Focus Areas: SaaS, AI, and cloud infrastructure.
• Notable Investments: Stripe, Twilio, Netflix, Workato.
Where Is Workato’s Headquarters?
Workato is headquartered in Mountain View, California, the heart of Silicon Valley’s innovation ecosystem. The location enables collaboration with leading enterprise clients, cloud providers, and AI experts, while offering access to a top-tier tech talent pool driving automation and digital transformation worldwide.
What’s Next for Workato?
Workato plans to expand into the Asia Pacific and EMEA markets while deepening its AI-driven automation capabilities. The company is exploring strategic acquisitions and partnerships to strengthen its presence in enterprise automation and accelerate integration innovation.
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