According to Datanami monitoring, Bloomberg reported that Europe's largest software company SAP is investing in the workflow automation platform n8n, a move that has doubled the startup's valuation to $5.2 billion. This investment is also part of the German software giant's ongoing expansion in the field of artificial intelligence.
SAP has also signed a multi-year cooperation agreement with n8n to embed n8n's tools into its AI agent building platform, Joule Studio. The company expressed this news in a statement on Tuesday.
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