BERLIN and SAN FRANCISCO, December 5, 2018––Camunda, creators of popular open source workflow automation software, has today announced a €25 million Series A financing from Highland Europe, marking the first time the company has taken outside investment.
Camunda will use the new funds to accelerate global awareness of its solutions, drive continued product development and expand its organization in the United States, Europe and Asia. With annual recurring revenue (ARR) more than doubling over the past 12 months, Camunda’s growth has been fueled by global demand from both digital-native businesses and companies undergoing digital transformation.
The Camunda stack provides an integrated platform for software developers and business stakeholders, covering all phases of workflow automation: from process design and execution, to continuous process improvement. The stack includes a robust toolkit for modeling and executing business processes, coupled with powerful visual interfaces for monitoring and troubleshooting active processes and analyzing large volumes of process data.