German Startup n8n Raises $180M and Reaches a Valuation of $2.5B

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IBL News
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IBL News | New York

N8n, a German startup that helps businesses deploy artificial intelligence agents, has raised $180 million, valuing it at $2.5 billion.

Venture firm Accel led the funding, and Nvidia Corp.’s NVentures participated in the round, n8n said in a statement this month.

The company stated that it will utilize its new funding to hire additional staff and enhance its platform, expanding its collection of integrations with third-party applications.

Founded in 2019, n8n offers an open-source platform for creating automation workflows.

The company generates revenue through several paid versions of its open-source platform, which offer a cloud-based version and additional features.

For non-technical users, n8n provides a visual interface that enables these workflows using drag-and-drop controls.

Coders can write n8n workflows in TypeScript, an enhanced version of JavaScript developed by Microsoft Corp. TypeScript includes syntax modifications that make it easier to avoid certain types of software errors.

The platform supports LangChain, an open-source toolkit, and there are several hundred prepackaged automation workflows.

Cybersecurity teams use the software to automatically enrich breach alerts with threat intelligence from external sources.