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Workato Valued at $1.7 Billion in Funding Led by Altimeter, Insight

Workato Inc. raised $110 million in a funding round valuing the business automation software startup at $1.7 billion.

The round was led by Altimeter Capital and Insight Partners, said Chief Executive Officer Vijay Tella. Existing investors Battery Ventures and Redpoint Ventures also participated in the fundraising.