Camunda nabs $100M for cloud-native software program that drives hyperautomation

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With manufacturing accelerating throughout markets, the duty of automating workflows has taken on better urgency. This has led to a surge in chatter round hyperautomation, the idea of integrating a number of course of automation applied sciences to attain even better digital transformation velocity.

Berlin-based Camunda was based in 2008 and is utilizing open supply software program to assist enterprises obtain that hyperautomation by combining areas like course of design, modeling, and analyzing giant datasets by the usage of visible interfaces so builders and business-side staff can contribute.

As we speak Camunda introduced it has raised $100 million in a spherical led by Perception Companions. The increase included cash from Highland Europe, which led the company’s $28 million round in 2018.

“Camunda was based on the premise that making it simple for enterprise stakeholders and builders to automate and enhance enterprise processes would have a transformational impression on organizations,” firm CEO and cofounder Jakob Freund stated. “It additionally exhibits the massive international market alternative that’s in entrance of Camunda as demand for open, cloud-native course of automation options that may orchestrate processes end-to-end is shortly reshaping the market.”

In its press launch, the corporate stated the funding validates its progress on hyperautomation. Purchasers embrace Allianz, ING, Intuit, and Vodafone.

These firms are going through the problem of maintaining with an enormous variety of new applied sciences that maintain the promise of better automation. However integrating all of them and optimizing to attain most effectivity stays a giant hurdle. Corporations that fail to take action threat falling behind rivals whereas disappointing clients and shoppers who’re demanding better pace.

Camunda guarantees to assist scale back this technical backlog by making it simpler to orchestrate automation throughout a wider vary of processes. That effort has been boosted by the corporate’s process-automation-as-a-service platform — Camunda Cloud — that was launched final yr.

The corporate plans to make use of the most recent spherical of funding to develop advertising and marketing and gross sales, in addition to persevering with its deal with product improvement.


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