Creatio's latest $200M funding round put the company at a $1.2B valuation

Creatio, recently announced a $200 million minority investment led by Sapphire Ventures, with participation from StepStone Group and current investors, Volition Capital and Horizon Capital, bringing Creatio's valuation to $1.2 billion. Creatio is best known for its AI-powered no-code platform for CRM and enterprise workflow automation, a direct Salesforce competitor. CEO Katherine Kostereva emphasized the company's mission to deliver unprecedented time-to-value for clients through the synergy of no-code and AI technologies, reflected in the platform's features such as its generative AI-powered Copilot and composable architecture.

The capital raise will boost the company's global expansion based on its disruptive strategy and product vision supported by a world-class leadership team committed to customer success. In particular, Creatio plans to invest the new funds towards strengthening its R&D efforts, which will be mainly directed towards its AI-assisted development and Copilot capabilities, and innovation in the no-code governance and application lifecycle management (ALM) space; building up its channel partner network; and expanding its global team across areas including R&D, customer success, marketing, and sales.