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Tray.Io Secures $40 Million To Remedy Unintended Consequences Companies Face On Their Path To Digital Transformation

Sep 27, 2022•almost 3 years ago

Amount Raised

$40 Million

San FranciscoEnterprise SoftwareSaasInformation TechnologySoftware

Description

Tray.io, the leader in low-code automation and integration, today announced $40 million in funding to solve the business process inefficiencies companies encounter when undergoing rapid digital transformation. New investor Canada Pension Plan Investment Board (CPP Investments) joins current investors True Ventures, GGV Capital, Spark Capital, Meritech Capital Partners and Stepstone Group in extending Tray.io’s $50 million Series C funding round. Tray.io is providing a new approach to low-code automation and integration that changes the game for hyperautomation. According to Gartner1, the “need for hyperautomation is creating a total software market opportunity that will reach $860 billion by 2025.” The capital infusion will accelerate Tray.io’s product development and fuel go-to-market initiatives

Company Information

Company

Tray.io

Location

Stillman Street

San Francisco, California, United States

About

Tray.io is ushering in the era of the automated organization. We believe that any organization can and should automate. With Tray.io, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. Today businesses such as Segment, Udemy, FICO, and New Relic rely on Tray.io to connect and automate data flow between the tools they use every day. With Tray.io’s visual workflow builder our customers create automated workflows to drive their business processes and do more, faster. We're building a cutting-edge product that is powerful and complete while also being beautiful and easy to use.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech