Dutch enterprise automation software firm Redwood scores €315 million in funding

Dutch enterprise automation software firm Redwood scores €315 million in funding

Redwood Software, which offers a range of cloud-based business and IT process automation solutions, has secured €315 million in growth funding from a single investor, Turn/River Capital.

Redwood, which counts the likes of Coca-Cola, Airbus, Siemens, Mercedes Benz, and UBS among their thousands of global customers, says it will use the fresh cash to bolster its automation platform.

The Netherlands-headquartered company is no spring chicken; it was founded almost 30 years ago by CEO Tijl Vuyk.

He comments on the financing round: "We are thrilled to partner with Turn/River. Their team’s go-to-market expertise combined with Redwood’s best-in-class technology will create a highly complementary partnership, and further our goal of bringing modern automation to every enterprise."

Also read:

- The Rise of Intelligent Enterprise Automation

- 2020 was a watershed year for the expanding ecosystem of intelligent automation software

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.