- Next-generation integration platform as a service (iPaaS) provider company Celigo has raised $20 million in Series B funding
Celigo — a next-generation integration platform as a service (iPaaS) provider for IT and business users — announced it raised $20 million in Series B funding in order to meet surging demand, expand product development, and fuel global expansion. This round of funding was led by NewSpring with participation from Blossom Street Ventures and current investor TVC Capital.
How does Celigo work? Celigo’s unique iPaaS solution allows people across a range of technical skill levels to easily connect applications together and drive business process automation. The platform’s design — along with a catalog of hundreds of pre-built application connectors and Integration Apps — allows users to quickly build, manage, and handoff complex integrations at scale requiring fewer IT resources and lowering total cost of ownership.
“Celigo has reimagined what integration should be,” said Celigo founder and CEO Jan Arendtsz. “With today’s proliferation of business applications, the older generation of iPaaS solutions has hit its limits. Celigo’s mission is to simplify the building and management of all integrations, without any compromise in capabilities, so that both IT and business users can work side-by-side to automate business processes. The balance between simplicity and complexity is difficult to achieve, and Celigo has found it in this new approach to iPaaS.”
Many of the integration platforms deployed today were built more than 10 years ago to serve the needs of the first wave of SaaS adoption and were designed purely for IT users. And with the proliferation of SaaS apps in companies of all sizes, this model does not scale, and the fast-growing iPaaS market is ripe for disruption.
Celigo’s integrator.io was born in the cloud and is the only iPaaS to combine a no-code and guided user experience for business users with advanced extensibility with complex business logic for development teams. And Celigo also pioneered Integration Apps: individually licensed and pre-built yet highly configurable integration use cases built on an iPaaS that connect other SaaS apps. Plus the flagship Salesforce-NetSuite Integration App has been the gold standard for automating lead-to-cash processes between CRM and ERP applications for over 1,000 companies.
“As companies, both small and large, seek digital transformation to compete in the modern economy, they’re looking for integration solutions to automate business processes at scale and with quick time to value,” added NewSpring Partner Brian Kim. “We believe Celigo is well-positioned to capture greater iPaaS market share due to its unique simplicity and flexibility.”
With this funding round, Celigo raised a total of $32 million in funding to date. And with offices in the US, Netherlands, India, and the Philippines, Celigo is planning to use the investment in new user experiences, advanced AI technologies, and new geographies.
Celigo’s customers include many well-known brands like ServiceMax, J.D. Power, Glassdoor, Twilio, Crossfit, Wolters Kluwer, Buscemi, Tea Forte, Brandmuscle, Pure Storage, Quora, TRX, Schneider Electric, Juniper Networks, SumoLogic, Lucky Brand, Vice Media, Cision, Cloudflare, and Docker.
“We are thrilled with Celigo’s progress to date and believe that this next round of funding will fuel our next level of growth,” explained TVC Capital Managing Partner Steve Hamerslag — who reinvested in this round.
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