Camunda announced today that it has completed an €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 need for cloud-native, open process automation solutions that can automate any type of process, anywhere.

Additionally, Camunda will leverage Insight Partners’ expertise in effectively scaling companies and accelerate product development, sales, and marketing initiatives as part of its global expansion.

Camunda is an open-source software company providing process automation with a developer-friendly approach that is standards-based, highly scalable, and collaborative for business and IT. The vendor offers visibility into business operations and improves system resilience.

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Source: Solutions Review

By Tess Hanna