Press releases, official partnership announcements

Creatio Raises $200M at $1.2B Valuation, Led by Sapphire Ventures

Jun 26, 2024, 01:45 PM

Creatio, a Boston-based software firm specializing in no-code CRM and workflow automation platforms, has raised $200 million in new funding as of June 26. The investment, led by Sapphire Ventures, values the company at $1.2 billion, achieving 'unicorn' status. The funds will be used to further develop its no-code and AI enterprise CRM solutions. Creatio's platform aims to provide customizable business software solutions, distinguishing itself from traditional, rigid, and often expensive alternatives. This funding round, reported by TechCrunch, comes amid a general slowdown in the SaaS space, highlighting Creatio's strong market position and potential to compete with established tech giants like Salesforce. Kathrin Kostereva, Founder and CEO of Creatio, expressed confidence in the company's future.