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Workato

From EverybodyWiki Bios & Wiki



Workato
Founded2013; 11 years ago (2013)
HeadquartersMountain View, California
Area servedWorldwide
CEOVijay Tella
IndustrySAAS
ProductsAutomation Solutions
Websitewww.workato.com

Workato is a cloud-based enterprise automation and integration platform company headquartered in Mountain View, California.[1][2] Workato is considered an integration platform as a service (iPaaS) which connects its clients' enterprise software applications across functions such as finance, marketing, sales, customer service, DevOps, and IT operations and is used by over 21,000 companies.[3]

History[edit]

Workato was founded by Gautham Viswanathan, Harish Shetty, Dimitris Kogias and Vijay Tella in 2013.[4] Tella is currently the Workato CEO. Workato saw a marketplace gap where full-fledged integration tools were too technical for business users and easier to use tools like Zapier were not sophisticated enough for enterprises.[5][6] Workato targets the Small & Medium Business market with its Workplace offering, whereas its Enterprise Suite targets Enterprise-level clients.[7] Workato offers over 400,000 “Public” integrations and has over 2 Million “Proprietary” integrations.[8] Workato users create “Recipes” that consist of multiple steps involving connections / integrations with different platforms.[9] Workato offers over 400,000 “Public” integrations and has over 2 Million “Proprietary” integrations.[10] and complex Workato recipes can be completed and implemented in a relatively few days.[11]

In July 2017, Workato raised $10M in Series A funding.[12] The funding round was led by Storm Ventures and including Salesforce Ventures and Workday Ventures.[13][14][15][16][17] Workato raised an additional $25M in its December 2018 Series B funding round[18][19] led by Battery Ventures, Storm Ventures, Workday Ventures, and ServiceNow participated in the funding round,. In November 2019, Workato raised an additional $70M in its Series C round of funding, bringing its total funding to $111M led by Redpoint Ventures and including Geodesic Capital and Norwest Venture Partners[1] plus existing investors Storm Ventures and Battery Ventures.[2]

In 2018, Workato launched pre-built automations for the Sales, Marketing & HR verticals.[20] In 2019, Workato launched an online marketplace for automations connecting businesses with automation experts[21] as well as an integration with Zendesk[22] and Snowflake.[23] In 2020, Workato announced pre-built integrations for Slack, Microsoft Teams and Facebook Workplace.[24] and announced an integration with Adobe Exchange.[25] In January 2021, Workato raised $110 Million in Funding on a post-money valuation of $1.7 Billion with the round led by Altimeter Capital and Insight Partners.[26][27]

Awards[edit]

Workato received the 2016 "Best SaaS Newcomer" prize from the SaaS Awards.[28] and was featured in the 2020 Gartner Magic Quadrant for iPaaS.[29]

References[edit]

  1. ↑ 1.0 1.1 "Workato Secures $70M in Series C Funding to Further Accelerate its Leadership in Enterprise Automation". PR Newswire. 2021-01-13. Retrieved 2021-01-13.
  2. ↑ 2.0 2.1 FinSMEs (2021-01-13). "Workato Raises $70M in Series C Funding". FinSMEs. Retrieved 2021-01-13.
  3. ↑ "Workato". Clarion Blog. Retrieved 2021-01-13.
  4. ↑ Chan, Rosalie. "The CEO of Workato explains how a game to teach kids to code inspired his team to go from working out of his house to winning a new $70 million investment". Business Insider. Retrieved 2021-01-13.
  5. ↑ "The CEO of Workato explains how a game to teach kids to code inspired his team to go from working out of his house to winning a new $70 million investment". Business Insider. Retrieved 2021-01-13.
  6. ↑ "Enabling the next era of enterprise architecture: Our investment in Workato". Medium. Retrieved 2021-01-13.
  7. ↑ "Magic Quadrant for Enterprise Integration Platform as a Service". Gartner. Retrieved 2021-01-13.
  8. ↑ "Workato's "Recipe" for Success". Gartner. Retrieved 2021-01-13.
  9. ↑ "Magic Quadrant for Enterprise Integration Platform as a Service". Gartner. Retrieved 2021-01-13.
  10. ↑ "What is a Workato "Recipe" and how does it work?". Quandry Consulting Group. Retrieved 2021-01-13.
  11. ↑ "Workato and the evolution of Integration". Deloitte. Retrieved 2021-01-13.
  12. ↑ "Workflow automation startup Workato announces $10m Series A". TechCrunch. Retrieved 2021-01-13.
  13. ↑ "Funding Snapshot: Workato Nabs $16 Million Series A for Process Automation". Wall Street Journal. 2017-07-18. ISSN 0099-9660. Retrieved 2021-01-13.
  14. ↑ Schubarth, Cromwell (2017-07-19). "The Funded: More than $400M raised in 13 Bay Area startup deals at midweek". www.bizjournals.com. Retrieved 2021-01-13. Unknown parameter |url-status= ignored (help)
  15. ↑ "Term Sheet -- Wednesday, July 12". Fortune. Retrieved 2021-01-13.
  16. ↑ FinSMEs (2017-07-18). "Workato Secures $10M in Series A Funding". FinSMEs. Retrieved 2021-01-13.
  17. ↑ Gabel, Julia. "iPaaS startup secures $10 million in funding from Storm Ventures & Salesforce". itbrief.co.nz. Retrieved 2021-01-13.
  18. ↑ Salinas, Sara (2018-12-07). "Top VC deals: Walmart buys Art.com; Steph Curry backs travel AI; Salesforce launches a Japan fund". CNBC. Retrieved 2021-01-13.
  19. ↑ "Workato raises $25M for its integration platform". TechCrunch. Retrieved 2021-01-13.
  20. ↑ "Workato adds out-of-the-box automation of customer and employee journeys". Diginomica. 2018-12-06. Retrieved 2021-01-13.
  21. ↑ "Workato Launches the First Automation Marketplace". MartechSeries. Retrieved 2021-01-13.
  22. ↑ "Zendesk Integrates with AWS and Workato, Expands Its Sunshine CRM Platform". MartechAdvisor. Retrieved 2021-01-13.
  23. ↑ "Snowflake Integration". Workato Blog. Retrieved 2021-01-13.
  24. ↑ "Workato reveals how it kept sales on track through the lockdown". Digimonica. Retrieved 2021-01-13.
  25. ↑ "Workato Joins Adobe Exchange Partner Program". DemandGenReport. Retrieved 2021-01-13.
  26. ↑ "Workato raises $110 million for its business workflow automation platform". VentureBeat. Retrieved 2021-01-13.
  27. ↑ "SD Times news digest". SDTimes. Retrieved 2021-01-13.
  28. ↑ "Workato Named a Winner in 2016 SaaS Awards". finance.yahoo.com. Retrieved 2021-01-13.
  29. ↑ "What's Changed 2020 Gartner Magic Quadrant for Enterprise Integration Platform as a Service". SolutionsReview. Retrieved 2021-01-13.


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