Fair-code pioneer n8n raises $60M for AI-powered workflow automation

Developer tooling is changing rapidly with AI. So companies that are making it easier to adopt AI in their workflows are seeing a boom of attention. After a startup called n8n (pronounced “enay-ten”) pivoted its workflow automation platform to become more AI-friendly in 2022, it said it saw its revenues increase 5X, doubling in the last two months alone. Now on the back of that growth, TechCrunch has confirmed that n8n has raised €55 million ($60 million) in funding on a valuation sources close to the company tell us is in the region of €250 million ($270 million). Berlin-based n8n said it now has more than 3,000 enterprise customers and around 200,000 active users on its books. The startup will be using this Series B to continue investing in tech and to expand in newer markets like the U.S., home to more than half of n8n’s user base. The company does not disclose revenues, and that customer number includes both free and paying users, as well as those taking short-term and longer-ter ... Read full article.