- Camunda, a Berlin, Germany-based open source software provider, completed an €82m (approximately $100m) funding round
- The round was led by Insight Partners with participation from existing investor Highland Europe
- In conjunction with the funding, Matt Gatto, managing director at Insight Partners, will join the Camunda Board of Directors
- The company also intends to use the funds to accelerate product development, sales, and marketing initiatives as part of its global expansion
- Camunda is an open source software company innovating process automation with a standards-based, highly scalable and collaborative approach for business and IT
- Customers also include Atlassian, Desjardins Group, Deutsche Telekom, Priceline, and Santander
