Workato

Workato

Cloud-based automation and integration platform

About

Workato provides a cloud-based platform for automating and integrating business processes using artificial intelligence. The platform helps organizations improve efficiency by unifying integration and automation, which reduces the complexity of using multiple tools and enhances productivity. Workato's features include automated ticket escalation, threat detection, compliance management, and support for remote work, all designed to streamline operations. A key aspect of Workato is its AI@Work feature, which allows users to create intelligent systems that simplify the building of integrations and automations, making technology accessible to a broader audience. The company operates on a subscription model, ensuring a consistent revenue stream while allowing for scalability. Workato's goal is to lower operational costs and accelerate business transformation by providing a flexible platform that adapts to changing business needs.

Company Stage

Series E

Employees

501-1,000

Industries

Enterprise Software, AI & Machine Learning

Total Funding

$421.2M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Workato's inclusion in prestigious lists like the Redpoint InfraRed 100 and the Forbes Cloud 100 underscores its industry leadership and growth potential.
  • The company's strong partner ecosystem and global strategic collaborations, such as with AWS, offer extensive networking and growth opportunities.
  • Workato's consistent recognition as a Great Place to Work highlights its commitment to employee satisfaction and a positive workplace culture.

What critics are saying

  • The rapidly evolving market of business process automation could lead to increased competition, challenging Workato to continuously innovate.
  • Dependence on strategic partnerships, like the one with AWS, may pose risks if these relationships change or dissolve.

What makes Workato unique

  • Workato's AI@Work feature uniquely democratizes technology by enabling both technical and non-technical users to build integrations and automations, setting it apart from competitors.
  • The platform's low-code/no-code approach combined with AI-driven automation offers unparalleled speed and flexibility in business process integration.
  • Workato's strategic collaboration with AWS enhances its global reach and interoperability, providing a significant competitive edge.

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Growth & Insights
Headcount

6 month growth

9%

1 year growth

17%

2 year growth

14%

Benefits

Flexible working arrangements

EAP

Health insurance

Stock options

Professional development

PTO

Company events & recreation time

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