Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

Berlin-based Camunda raises €82M to reinvent process automation for the digital enterprise; here’s how

Editorial team by Editorial team
March 22, 2021
in (Crowd)funding, News
0
Camunda

Image credit: Camunda

82
SHARES
LinkedInTwitterWhatsAppFacebook

Camunda is a process automation platform that enables developers to design, automate and improve processes, as well as provide better customer experiences, deliver projects faster, and increase business agility.

Camunda raises fresh funding

In a recent development, the Berlin-based open-source software provider has raised €82M in a fresh round of funding led by global venture capital, Insight Partners. The round also saw participation from existing investor Highland Europe.

With this investment, Matt Gatto, managing director at Insight Partners, will join the Camunda Board of Directors. 

Speaking on the development, Jakob Freund, CEO & co-founder of Camunda, says, “This investment, along with Insight Partner’s expertise in scaling world-class software companies, will support our global go-to-market strategy, drive product innovation even faster and help build our leadership position in a quickly evolving process automation market.”

What services does Camunda offer?

Founded in 2008 by Bernd Ruecker and Jakob Freund, Camunda offers software for process automation that is standards-based, scalable, and collaborative for businesses and IT companies.

The company’s software helps businesses to design, automate, and improve their processes end to end. By doing so, it claims it enables organisations to increase their business, improve customer experiences, and provide a faster time-to-value. In addition, it also helps businesses to go digital as well as organise processes across different technologies, systems, infrastructures, people, and devices.

Camunda’s clients include market leaders such as Allianz, ING, Intuit, and Vodafone.

Utilisation of funds

According to the company, “Funding will accelerate Camunda’s market momentum toward hyper-automation and the increasing urgency to automate everything that can be automated; generating greater demand for cloud-native, open, end-to-end process automation solutions.”

Market overview

The hyper-automation market has seen tremendous growth over the past few years. However, after the Covid-19 pandemic, businesses are now adopting automation in order to cut down on operational costs and keep the business running. Reportedly, the global hyper-automation market size was valued at $492.1M (approx €412.6M) in 2019 and is forecasted to reach $22.84B (approx €19.1B) by 2027 at a CAGR of 18.2 per cent.

With such demand, the process automation adoption propelled Camunda to its best-ever year in 2020 despite global market challenges, claims the company. The company’s growth was driven by a large list of customers including Atlassian, Desjardins Group, Deutsche Telekom, Priceline, and Santander. 

Recent developments

The company recently launched an expanded global partner program which includes more than 100 partners around the world.

In 2020, Camunda advanced its first-to-market Process Automation as a Service offering –  Camunda Cloud – and delivered multiple product releases, including an RPA modernisation solution to help companies get control of their fragmented and fragile RPA bot implementations.

In addition, the company has also hosted scores of virtual community events and meetups throughout the year, headlined by two CamundaCon LIVE global user conferences, which together brought more than 10,000 participants.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: featuredfundingnews
Share6Tweet21SendShare33

Featured events

Current Month

april

No Events

Partner content | Work with us

Amsterdam-based Lumicks raises €77.6M to provide instruments to reveal unique molecular, cellular interactions

Calling all European deep-tech scaleups: EIT Digital Challenge 2021 registration is now open

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

After tripling its revenue in 2020, Amsterdam-based fashion e-commerce startup Otrium raises €102.3M

Amsterdam’s IoT spacetech startup Hiber raises €26M to expand the world’s first global IoT satellite network

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

Techstars ties up with ABN AMRO to launch ‘Future of Finance Accelerator’; welcomes 10 startups to Amsterdam

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info