21 November 2019:
Robotic Process Automation (RPA) Firm Automation Anywhere, announced that it has raised $290 million in Series B round of funding led by Salesforce Ventures. Existing investors, including SoftBank Investment Advisers and Goldman Sachs also participated in the funding round.
The funding was raised at a post money valuation of $6.8 billion.
The company will use the fresh capital to o empower customers to automate end-to-end business processes .
The company will also use the funds for improving human-to-bot collaboration through attended automation, resulting in enhanced customer experiences and increased employee productivity.
Last year, the company had raised $550 million in Series A funding from SoftBank Investment Advisers, General Atlantic, Goldman Sachs, NEA, World Innovation Lab, and Workday Ventures.
Mihir Shukla, CEO and co-founder, Automation Anywhere, said, “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.”
Mihir Shukla, added, “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.”
Bill Patterson, Executive Vice President and General Manager, Salesforce Service Cloud, said, “Automation Anywhere makes it easier for Salesforce customers to automate repetitive, manual tasks and focus on what matters most—the customer.”
Bill Patterson, added, “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.”
(Image – Automation Anywhere)