Berlin-based hyperautomation software firm Camunda closes €82 million Series B round

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Berlin-based automation and cloud-based open source software provider Camunda has closed an €82 million Series B round.

Led by Insight Partners, the round was also followed on by Highland Europe. Terms of the deal will see Insight Partners Managing Director Matt Gatto join the board of directors.

According to Gartner’s Move Beyond RPA to Deliver Hyperautomation report, “Organizations have a tremendous amount of “collective” debt (technical, process, data, architecture, talent and social) that significantly affects their value proposition and brand. The cause is an extensive and expensive set of business processes underpinned by a patchwork of technologies that are often not optimized, lean, connected, consistent or explicit.”

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