Business software company SAP has made an investment in workflow automation platform n8n. The investment lifts n8n's valuation to about $5.2 billion, double its level at the time of an October investment last year, Bloomberg News reported on May 13.
SAP also signed a multi-year contract to embed n8n tools into its AI agent builder, Joule Studio. Jan Oberhauser (얀 오버하우저), n8n's CEO, said SAP's investment was a secondary transaction that allowed some early investors to sell their stakes.
Founded in 2019, n8n has developed software that automates repetitive tasks with minimal coding. Users can build processes in a drag-and-drop visual interface and connect Slack, Google Docs and internal databases. It also offers a function that links to AI models from OpenAI, Anthropic and Google to build users' own AI agents.
n8n competes in the market with automation platforms such as Zapier and Gumloop, Bloomberg News said.
n8n's annual recurring revenue has now exceeded 100 million euros, the report said.
Chi-gyu Hwang
delight@d-today.co.kr