Future of Work News

Berlin Startup Camunda Gains $98 Million from Series B


Camunda, a Berlin-based startup that specializes in open source automation software, has announced that the company has secured $98 million from its Series B investment round.

In December of 2018, Camunda raised $28 million from a Series A round that was led by investment group Highland Europe. One of the co-founders of Camunda, Jakob Freund, believes that the latest jump in funding stems from the diverse application potential that the company’s automation software offers compared to industry competition.

“There’s a bigger thing going on which you could call end-to-end automation or end-to-end orchestration of endpoints, which can be RPA bots, for example, but also micro services and manual work [by humans],” Freund said.“Camunda has become this endpoint agnostic orchestration layer that sits on top of everything else.” That means that it provides the ability to orchestrate how the automation pieces work in conjunction with one another to create this full workflow across a company.

Camunda originally began as a business process management startup when it was founded in 2008, but switched it’s focus to open source software in 2013. Over the last decade, the market began warming up to notice of the open-source model, which led to Camunda’s first large investment almost four years ago. The company currently has working relationships with many well known global businesses, such as Goldman Sachs, Lufthansa, Universal Music Group.

 Matt Gatto, managing director at Insight Partners, commented on the company’s rising potential in the industry, stating, “Camunda’s success demonstrates how an open, standards-based, developer-friendly platform for end-to-end process automation can increase business agility and improve customer experiences, helping organizations truly transform to a digital enterprise.”

Edited by Maurice Nagle

Future of Work Contributor

Related Articles

SafeGuard Cyber Secures $45 Million in Latest Investment Round

By: Luke Bellos    4/14/2021

SafeGuard Cyber has received $45 million in equity and funding, largely from NightDragon, along with investments from Cisco Investments and Allegis Cy…


LogicPlum Adds New Functionality to Enterprise AI Solutions Platform

By: Tracey E. Schelmetic    4/5/2021

Artificial intelligence (AI) is shaping many industries' futures, and the corporate world is no exception. AI is finding its way into a broad variety …


Berlin Startup Camunda Gains $98 Million from Series B

By: Luke Bellos    3/25/2021

Open source software startup Camunda has announced a successful Series B investment round, adding an additional $98 million to help grow operations.


Microsoft Work Trend Index Finds Remote Work Here to Stay

By: Luke Bellos    3/23/2021

Microsoft's latest research finds that employees have new expectations for remote access in the business world due to the pandemic.


Connecting Data and Communications for Maximum Workflow Efficiency

By: Erik Linask    3/12/2021

Data and communications exist is business workflows. The key is connecting them within those workflows to drive operational efficiency.