A Silicon Valley enterprise automation platform plans to double both its headcount and revenue in the UK next year.
Workato has raised $200 million in Series E funding at a valuation of $5.7 billion and will look to further expand operations in EMEA.
The company currently has operations in the UK, Ireland, Spain, France, Germany and Israel, and is now looking to open additional offices in regions including Benelux and the Nordics.
The firm launched an EMEA data centre in Frankfurt, Germany earlier this year and has grown by 243% in Europe alone over the last 12 months.
A spokesperson for the company, which employs six people on these shores and has an office in London, revealed that the UK represents 25% of its total EMEA customers and 40% of its European business.
“The UK will be a key pillar of our expansion in the region,” they told BusinessCloud. “We plan to double our UK revenue this coming year and continue to support this growth by doubling our headcount in the UK by the end of 2022.”
The round was led by Battery Ventures, with equal participation from Insight Partners, Altimeter Capital and Tiger Global. Geodesic Capital and Redpoint Ventures also participated.
It comes just nine months after its $110m Series D raise, with the firm having raised more than $420m in total funding to date.
The investment comes at a time of rapid growth for Workato and the automation market as a whole, as enterprises recognise the urgent need to increase their agility, innovation and efficiency against a backdrop of transformation and change.
The funds raised will go towards expanding its EMEA customer success team and senior leadership, holding the first user conference in Europe, setting up a customer advisory board in Europe and expanding its ecosystem of partners.
New VP & GM EMEA Robert Ekstrom, based in Munich, has held management roles at leading multinationals including Dell, EMC and Xerox. Prior to joining Workato, he was VP & GM at Blue Prism, the enterprise intelligent automation vendor based in Warrington.
“Businesses are still struggling to achieve true transformation because RPA and integration tools cannot scale to address the needs of enterprises today,” said Vijay Tella, Workato CEO and co-founder.
“Workato’s enterprise automation platform, a single platform for automation and integration that can be used by both business and IT, addresses the challenges companies face when trying to automate at scale, enabling enterprises to achieve the speed and agility necessary for organisational transformation.
“We’re excited to put this new round of funding to work for our customers as they continue to push the boundaries of innovation.”
He added: “The European market is beginning to catch up in terms of adoption of Enterprise Automation as enterprises seek a means of driving business outcomes at scale as they recover from setbacks caused by the pandemic.
“We are pleased to be able to boost our operations in the region through this investment and enhance services for our European customers.”