Camunda Closes $100 Million Series B Funding Round

– Open source software provider Camunda today announced that it has completed a €82 million (approximately $100 million) funding round led by global venture capital and private equity firm Insight Partners.
– The round also included existing investor Highland Europe.
– The investment is based on market momentum toward hyperautomation and the resulting demand for cloud-native, open process automation solutions that can automate any type of process, anywhere.
– In addition to the investment, Camunda will take advantage of Insight Partners’ depth of expertise in effectively scaling companies and accelerate product development, sales, and marketing initiatives as part of its global expansion.