Camunda Raises On Series B Round

Camunda, a Berlin startup that makes an open-source process automation software has raised $98 million in a Series B round. Automated workflow tooling has become increasingly important for companies. The company has 270 employees and approximately 400 customers at this point, including Goldman Sachs, Lufthansa, Universal Music Group and Orange. Matt Gatto, managing director at Insight Partners, sees a tremendous market opportunity for the company and that’s why his firm came in with such a big investment.