Automation Anywhere
Source - The Hindu Business Line

Robotics process automation startup Automation Anywhere has raised INR 2,150 crores ($300 million) in an extended series A round of funding from SoftBank Vision Fund. The latest funding has valued the US and India based startup at INR 18,600 crores ($2.6 billion).

Earlier in July this year, the startup raised INR 1,713 crores ($250 million) in series A round from NEA and Goldman Sachs Growth Equity which valued Automation Anywhere at around INR 12,800 crores ($1.8 billion).

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With the latest development, Automation Anywhere has raised a total of INR 3,863 crores ($550 million) in series A round.

Talking about the funding Mihir Shukla, Founder and CEO, Automation Anywhere, said, “RPA is the most pervasive and frictionless path to delivering AI technologies across the enterprise, and is revolutionizing the way people work… With this additional capital, we are in a position to do far more than any other provider. We will not only continue to deliver the most advanced RPA to the market, but we will help bring AI to millions”

He further added, “As 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.”

Founded by Mihir Shukla, Neeti Mehta, Rushabh Parmani and Ankur Kothari in 2003, the robotic process automation company uses its software product to deploy software bots in the digital workforce to automate business processes.

Bot Store, a bot marketplace for bot-applications to help automate different processes, was launched by the firm and has acquired more than 65,000 users since then.

Other products of the firm include IQ Bot, a purpose-built cognitive automation that integrates with several AI solutions like Bot Insight and IBM Watson helps perform real-time operational and business analysis. BotFarm, one of the firm’s products, is an on-demand RPA solution for enterprises.

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Automation Anywhere has more than 1,400 enterprise customers in across 90 countries and have deployed more than 8,00,000 digital workers. According to Grand View Research, the global RPA market will grow to $3.11 billion by 2025.


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