WorkOS Raises $100M, Hits $2B Valuation
What happened
WorkOS, a developer of infrastructure APIs for enterprise software, has raised a $100M Series C at a $2B valuation. The funding validates the strong investor demand for modular, API-driven platforms that help developers quickly add features like compliance and workflow automation. The round signals that for enterprise software, extensibility and developer experience are now key differentiators.
Why it matters
The Series C round was led by Meritech Capital and Sapphire Ventures, with participation from other investors including Audacious Ventures, Craft Ventures, Abstract Ventures, and Greenoaks. This new capital follows an $80M Series B in June 2022, bringing the company's total funding to approximately $199 million since its founding. Founder Michael Grinich previously co-founded the email API startup Nylas, where he experienced the challenge of making a product "enterprise-ready" firsthand. This struggle to move upmarket and meet the stringent requirements of large corporate IT departments, a hurdle he calls "crossing
Key numbers
- WorkOS, a developer of infrastructure APIs for enterprise software, has raised a $100M Series C at a $2B valuation.
- This new capital follows an $80M Series B in June 2022, bringing the company's total funding to approximately $199 million since its founding.
Quick answers
What happened in WorkOS Raises $100M, Hits $2B Valuation?
WorkOS, a developer of infrastructure APIs for enterprise software, has raised a $100M Series C at a $2B valuation. The funding validates the strong investor demand for modular, API-driven platforms that help developers quickly add features like compliance and workflow automation. The round signals that for enterprise software, extensibility and developer experience are now key differentiators.
Why does WorkOS Raises $100M, Hits $2B Valuation matter?
The Series C round was led by Meritech Capital and Sapphire Ventures, with participation from other investors including Audacious Ventures, Craft Ventures, Abstract Ventures, and Greenoaks. This new capital follows an $80M Series B in June 2022, bringing the company's total funding to approximately $199 million since its founding. Founder Michael Grinich previously co-founded the email API startup Nylas, where he experienced the challenge of making a product "enterprise-ready" firsthand. This struggle to move upmarket and meet the stringent requirements of large corporate IT departments, a hurdle he calls "crossing
