• November 21, 2019
  • News

Automation Anywhere Announces $290 Million in Series B Financing

Automation Anywhere, a provider of robotic process automation (RPA) solutions, has received $290 million in Series B funding. The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank Investment Advisers and Goldman Sachs, for a post-money valuation of $6.8 billion.

According to the company, the new round shows investors’ renewed commitment to the RPA market and the industry’s untapped growth potential.

The company says the new capital will help it accelerate its vision to empower customers to automate end-to-end business processes—bridging the gap between the front and back office with an AI-powered intelligent automation platform. In addition, the funding will advance the company’s focus on improving human-to-bot collaboration through attended automation, resulting in enhanced customer experiences and increased employee productivity.

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. 

“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.”

In addition to the investment, the company announced that it has launched its Automation Anywhere Salesforce Connector on Salesforce AppExchange, bringing its automation platform to Salesforce global users through pre-built software bots.

For additional information, visit www.AutomationAnywhere.com.

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