• May 22, 2024

Bay Area automation platform provider Tonkean has netted $50 million in a Series B funding round. The company said it will use the funds to hire more engineers and go-to-market teams as it scales its operations.

Tonkean focuses on attended automation delivered via a no-code platform that enables non-IT users to build workflows using adaptive modules in a drag-and-drop environment.

“We’ve known for a long time how real the need is for companies to expand the pie of who can compose enterprise software, and we’ve seen what Tonkean can do when put to use inside the world’s largest and fastest-growing enterprises,” the company wrote in a blog post detailing the investment.

The Series B round was led by Accel with participation from Lightspeed Ventures, Foundation Capital, UiPath and several high-profile individuals including former Google CEO Eric Schmidt and Atlassian co-CEO Scott Farquhar.