Hyped AI business automation startup n8n raises $180M, valuing it at $2.5BN
Berlin-based AI startup n8n has secured $180 million in Series C funding, bringing its valuation to $2.5 billion. This investment underscores the growing interest in AI-driven business automation and its potential to transform how enterprises operate. The funding round, led by US venture capital firm Accel, will fuel n8n's expansion and development, reflecting the increasing demand for AI orchestration platforms in the European tech landscape. N8n's platform enables businesses to automate tasks by connecting various apps and services, including integrating large language models and leveraging AI agents. The company has now raised a total of $240 million since its founding in 2019, with this latest round following a $60 million raise in March of this year. The startup plans to use the funds to enhance its engineering capabilities, introduce new features, and broaden its international presence, aiming to meet the substantial demand from enterprise clients. The investment in n8n signifies a broader trend of European startups attracting significant capital to develop AI solutions. With over 3,000 enterprise clients, including major corporations like Vodafone and Softbank, n8n's impact is rapidly expanding. The company has seen its revenues grow tenfold in the past year and benefits from a large community of over 700,000 developers, showcasing the platform's appeal and the strong ecosystem supporting it. This substantial investment highlights the European market's growing ambition to become a key player in the global AI industry. The focus on AI orchestration reflects a strategic move towards providing adaptable infrastructure, enabling businesses to effectively integrate and utilize AI tools.
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