AI-Startup N8n in Berlin secures valuation of $2.4 billion, as reported by an insider

In a significant development for the German tech scene, AI-agent startup N8n has secured a funding round of $100 million (€86 million), propelling the company to a valuation of just under $2.4 billion, making it a German unicorn.

Founded by Jan Oberhauser in 2020, N8n develops an AI-driven platform that enables companies to automate their everyday work processes. The idea for N8n was born in 2019, when Oberhauser, a native of the Allgäu region, recognised the repetitive nature of many processes in filmmaking and began to automate them with his own solutions.

Prior to this round, N8n had raised a total of €63 million, including a Series B round of €55 million in March 2020. The funding round was led by Accel, with Sequoia Capital, a renowned Silicon Valley investor, and HV Capital also contributing.

Before founding N8n, Oberhauser worked on special effects for films, a background that has undoubtedly influenced the development of the N8n platform. Users can connect programs like Slack, Google Sheets, or Telegram on the N8n platform and offload tedious routine jobs.

Jan Oberhauser, the founder of N8n, taught himself programming at the age of 14. The lack of truly convincing software options at the time inspired him to found his own startup, N8n.

Since its founding, N8n has been supported by various investors, though the search results do not specify particular institutions involved from the start. Information about the current financing round participants is not available in the provided data.

N8n's journey to unicorn status is a testament to Oberhauser's vision and the potential of AI-driven automation in streamlining work processes for companies. As the company continues to grow, it is poised to make a significant impact in the tech industry.