- Celigo — a leading Integration Platform as a Service (iPaaS) provider for the mid-market — announced it has raised $48 million in Series C funding. These are the details.
Celigo — a leading Integration Platform as a Service (iPaaS) provider for the mid-market — announced it has raised $48 million in Series C funding to optimize end-to-end business automation for mid-market companies. And the company will use the funds to increase its go-to-market capacity and accelerate global expansion. The funding round was led by OMERS Growth Equity and joined by NewSpring Capital.
The significant increase in spending and adoption is directly attributable to the change in the way people work and the need to streamline processes to accommodate the new ways of doing business. And as companies continue to add best-of-breed applications to their technology stacks and as digital processes multiply, the need for automation will become even more critical. Celigo is positioned to deliver on the promise of end-to-end business automation by creating perfect business processes based on best practices and past results.
Celigo is known as the only iPaaS company that delivers prebuilt business process automation using embedded business logic. And the business logic enables IT and non-IT users alike to use preconfigured settings to impact the behavior of multiple downstream flows to realize the optimal automation of business processes. The business logic was developed using best practice learnings from thousands of customer deployments and tens of thousands of implemented processes. Plus the company also recently announced it is the only iPaaS provider to automate business processes across multiple cloud applications using a single prebuilt integration.
The Celigo Platform also enables IT teams to manage business process automation, error handling, compliance with global security and privacy standards, and full reporting and analytics through a central dashboard while giving control of each automated business process to the line of business group that is closest to it.
KEY QUOTES:
“For too long, the promise of the modern iPaaS has gone unrealized. Legacy providers connect cloud-based business applications, but the automation of business processes that use those applications has not improved. With the support of our investors, Celigo will enable breakaway growth, controlled cost management, and superior customer experiences for our customers by ensuring that every process — at every level of the organization — can be automated in the most optimal way from a single platform.”
— Jan Arendtsz, founder and CEO at Celigo
“Automation of the modern enterprise requires a next-generation iPaaS that is intuitive to users while providing best practices and governance at cloud scale. Celigo has established itself as a market leader, combining a powerful integration engine with the usability of a modern SaaS application, enabling organizations to be more agile and innovate faster. We are proud to invest in Celigo and enthusiastically support its efforts to further pioneer the future of cloud-based application integration.”
— Mark Shulgan, Managing Director and Head of OMERS Growth Equity
