Camunda Closes $100 Million Series B Funding Round
03/22/21, 1:02 PM
Location
walthamMoney raised
$100 million
Round Type
series b
Open source software provider Camunda today announced that it has completed a €82 million (approximately $100 million) funding round led by global venture capital and private equity firm Insight Partners. The round also included existing investor Highland Europe. The investment is based on market momentum toward hyperautomation and the resulting demand for cloud-native, open process automation solutions that can automate any type of process, anywhere. In addition to the investment, Camunda will take advantage of Insight Partners’ depth of expertise in effectively scaling companies and accelerate product development, sales, and marketing initiatives as part of its global expansion.
Company Info
Location
waltham, massachusetts, united states
Additional Info
Camunda is an open source software company innovating process automation with a developer-friendly approach that is standards-based, highly scalable and collaborative for business and IT. A community of tens of thousands of users across companies such as Allianz, ING, and Vodafone design, automate and improve mission-critical business processes end-to-end with Camunda, enabling them to build software applications more flexibly, collaboratively and efficiently, gaining the business agility, visibility and scale needed to drive digital transformation. To learn more visit camunda.com.