Automation Anywhere going somewhere with $300m funding from SoftBank
US-based robotic process automation (RPA) firm Automation Anywhere is going somewhere as it has raised $300 million from the SoftBank Vision Fund.
“We see a world where every office employee will work alongside digital workers”
The firm says the funding is subject to regulatory approvals and satisfaction of other customary closing conditions and is an expansion to the company’s Series A round announced in July, bringing the financing to over $500 million.
Mihir Shukla, CEO and co-founder at Automation Anywhere, says: “Like the introduction of the PC, we see a world where every office employee will work alongside digital workers, amplifying human contributions. Today, employees must know how to use a PC and very soon employees will have to know how to build a bot.”
Automation Anywhere offers its foundational enterprise RPA platform, its artificial intelligence (AI) product, IQ Bot, and Bot Insight, a predictive analytics capability embedded into bots.
According to the firm, over 1,400 organisations use its AI-enabled solution to manage and scale business processes.
It opened its Bot Store in March, for downloadable bot applications that are designed by the company and its partner ecosystem to meet specific automation requirements for common business processes. The company says it has been visited by more than 65,000 users since its launch.
Also today (15 November), Revolut, a multi-functional cross-border card and app, is planning a $500 million Series D investment round, potentially enlisting tech giants like SoftBank to its roster of investors.
