California-based FloQast, a workflow automation software company, has collected $110 million in a new round of funding.
Conducted by Meritech Capital, the latest funding round also had participation from Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Insight Partners, Polaris Partners and Norwest Venture Partners.
In connection with the Series D investment round, Meritech Capital will join FloQast’s board of directors. More so, the new round has valued FloQast at $1.2 billion.
FloQast will use the money from the funding to expand its development efforts, extend its roster of global partners and customers, and further scale the team to support its growth.