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Workato storms to a $5.7B valuation after raising $200M for its enterprise automation platform


The race to automate the world of business is on, and today one of the bigger players in the market has picked up another major round of funding to meet that demand to speed up work, reduce some of the costs around repetitive procedures, and perhaps gain some new insights in the process.
Workato, which has built a platform that lets organizations set up and run automated solutions to speed up repetitive processes in their workflows, has closed a Series E of $200 million at a $5.7 billion valuation. Workato said that it plans to use the funding to continue investing in its platform, and to make acquisitions, ahead of eyeing up an IPO down the road.

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