Automation Anywhere Raises $290M in Series B Financing Valuation Jumps To $6.8B!

: November 22, 2019

Automation Anywhere Raises $290M in Series B Financing Valuation Jumps To $6.8B!

 

Automation Anywhere, a developer of robotic process automation (RPA or RPAAI) software, has raised $290M from a Series B financing on Nov 21, 2019. The round was led by Salesforce Ventures with additional funding from existing investors, including SoftBank Investment Advisers and Goldman Sachs.

 

Automation Anywhere pushed it's valuation to $6.8B from the latest Series B financing round, which is nearly tripled from its last $2.6B valuation on Nov 15, 2018. Automation Anywhere previously raised $550M, and with this recent round brings the total funding to $840m. The company's other investors include New Enterprise Associates, General Atlantic, Workday Ventures, and World Innovation Lab.

 

Automation Anywhere works to enhance the digital workforce platform to ease and automate the operational process for organisation. Its enterprise-grade platform uses software bots that work side by side with people to do much of the repetitive work in many industries. 

 

Automation Anywhere empowers customers to automate end-to-end business processes with software bots – digital workers that perform repetitive and manual tasks, resulting in dramatic productivity gains, improved customer experience and more engaged employees. The company offers the world's only web-based and cloud native intelligent automation platform combining RPA, artificial intelligence, machine learning and analytics right out of the box, to help organizations rapidly start and scale their process automation journey.

Automation Anywhere provides automation technology to leading financial services, insurance, healthcare, technology, manufacturing, telecom, and logistics companies globally. The company has a global network of more than 2,800 customer entities and 1,600 enterprise brands who uses this AI-enabled solution to manage and scale business processes faster, with near-zero error rates, while dramatically reducing operational costs. Automation Anywhere has deployed over 1.7 million bots to support some of the world's largest enterprises across all industries.

 

Automation Anywhere was ranked No. 28 on the Forbes Cloud 100. The company was also Named a Leader in the 2019 Gartner Magic Quadrant for RPA Software. Automation Anywhere has also been Recognized Among Dream Companies to Work for in India by the World HRD Congress in 2019.

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