Workato raises $200 million

Enterprise automation platform Workato has raised $200 million of Series E venture funding this week, valuing the company at $5.7 billion in a deal led by Battery Ventures. The latest funding round comes less than a year after the start-up closed a $110 million Series D round at a $1.7 billion valuation in January.

Founded in 2013, Workato raised $421.20 million to date from several prominent investors including Redpoint Ventures, Tiger Global Management, Norwest Venture Partners, and Salesforce.