Business

Robotic Process Automation player gets USD 290 million in Series B funding

Automation Anywhere, a global leader in Robotic Process Automation (RPA), on Friday announced it has received $290 million in Series B funding at a post money valuation of $6.8 billion.

migrator

Bengaluru

The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank Investment Advisers and Goldman Sachs, the company said in a statement. A year ago, Automation Anywhere announced its Series A investment of $550 mn from SoftBank Investment Advisers, General Atlantic, Goldman Sachs, NEA, World Innovation Lab, and Workday Ventures.


“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,” said Mihir Shukla, CEO and co-founder, Automation Anywhere. The new capital will help Automation Anywhere 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.

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