The Israeli-Dutch AI start-up Wonderful has closed a $550 million funding round at a total company valuation of $5 billion, according to a statement from the company.
Insight Partners led the round. Other participants included Salesforce Inc., Index Ventures, IVP, Vine Ventures, 9yards and Bessemer Venture Partners.
Wonderful’s previous funding round took place in March. At that time, the company was valued at $2 billion.
Founded last year, the company develops software that automates business processes, implements AI applications and coordinates the work of AI agents.