Automation Anywhere Raises USD 290 Million, Valued at USD 6.8 Billion

By StartUp City | Tuesday, November 26, 2019

Digital transformation has driven the RPA sector to become one of the fastest-growing enterprise software category. According to researchers, the RPA software market is expected to touch USD 2.5 billion by 2022

Fremont, CA: Robotic Process Automation (RPA) company Automation Anywhere raised USD 290 million in a Series B funding round led by Salesforce Ventures, with participation from existing investors Softbank Investment Advisers and Goldman Sachs. The new funding takes the company's post-funding valuation to USD 6.8 billion. The new capital will help Automation Anywhere accelerate its vision to empower customers to automate end-to-end business processes, bridging the gap between the front and back office with artificial intelligence (AI) powered intelligent automation platform. The funds will also be used to improve the company’s focus on improving human-to-bot collaboration through attended Automation, resulting in enhanced customer experiences and increased employee productivity.

"Never before has there been such a transformative shift in the way we work, with artificially intelligent software bots changing how people, processes, and technology interact for productivity gains," said Mihir Shukla, CEO, and co-founder, Automation Anywhere. "This new funding reinforces the promise of the RPA category and empowers our customers to achieve greater business agility and increased efficiencies by automating end-to-end business processes, bridging the gap between the front and back office.”

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A year ago, Automation Anywhere announced its Series A investment of $550 million from SoftBank Investment Advisers, General Atlantic, Goldman Sachs, NEA, World Innovation Lab, and Workday Ventures. The latest funding from Salesforce Ventures and other investors is a testament to Automation Anywhere's leadership in this sector. Digital transformation has driven the RPA sector to become one of the fastest-growing enterprise software category. According to researchers, the RPA software market is expected to touch USD 2.5 billion by 2022.

The company also launched its Automation Anywhere Salesforce Connector on Salesforce AppExchange, the world’s leading enterprise cloud marketplace, providing its market-leading intelligent automation platform to Salesforce global users through pre-built software bots. "Automation Anywhere makes it easier for Salesforce customers to automate repetitive, manual tasks and focus on what matters most—the customer," said Bill Patterson, Executive Vice President and General Manager, Salesforce Service Cloud. "We're excited to extend our partnership with Automation Anywhere to help more customers automate their end-to-end business processes and accelerate their digital transformation journeys."

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