iPaaS Vendor Celigo Secures $48M
- Written by Klaudia Tirico
- Published in Financial News
Celigo, an integration platform as a service (iPaaS) provider, raised $48 million in Series C funding led by OMERS Growth Equity and joined by NewSpring Capital. The company plans to use the investment to optimize end-to-end business automation for mid-market companies and increase its go-to-market capacity and boost global expansion.
Celigo is an iPaaS company that aims to deliver prebuilt business process automations with embedded business logic, enabling IT and non-IT users to use preconfigured settings to impact the behavior of multiple downstream flows. The company recently announced it is the only iPaaS provider to automate business processes across multiple cloud applications using a single prebuilt integration.
“For too long, the promise of the modern iPaaS has gone unrealized,” said Jan Arendtsz, Founder and CEO at Celigo, in a statement. “Legacy providers connect cloud-based business applications, but the automation of business processes that use those applications has not improved. With the support of our investors, Celigo will enable breakaway growth, controlled cost management and superior customer experiences for our customers by ensuring that every process — at every level of the organization — can be automated in the most optimal way from a single platform.”