Automation Anywhere raises $290 million in Series B round
Robotic process automation (RPA) firm Automation Anywhere has raised $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.
Automation Anywhere plans to use the new funding to “accelerate its vision to empower customers to automate end-to-end business processes”.
It will also be used to “advance the company’s focus on improving human-to-bot collaboration through attended automation”, which it hopes will result in “enhanced customer experiences and increased employee productivity”.
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SoftBank-sponsored Automation Anywhere raised $550 million in a Series A fund in 2018, featuring 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,” says Mihir Shukla, CEO and co-founder of 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.”