Robotics Startup Automation Anywhere Raises $300 Mn
American-Indian founded software bots process Automation Enterprise firm Automation Anywhere has now announced in a report that they have secured $300 million in the funding round by the SoftBank Vision Fund which makes the company valuation to $2.6 Billion.
The startup which is based out of California and Gurgaon has earlier secured $250 Million in the series A funding round; now the total company financing is now more than $500 Million.
“With this additional capital, we are in a position to do far more than any other provider. We will not only continue to deliver the most advanced RPA to the market, but we will help bring Artificial Intelligence (AI) to millions,” said Mihir Shukla, CEO and Co-Founder at Automation Anywhere.
The startup which is founded in 2003 by the Ankur, Neeti, Mihir and Rushabh, Automation Anywhere is a provider of the RPA, which is a technology to use of software robots to automate the process of business and reduces the working of manually by the human workers.
“Enterprises of all sizes are in the midst of a major transition to digital platforms, and we are excited to partner with Automation Anywhere to accelerate this transformation,” added Praveen Akkiraju, Managing Partner at Softbank Investment Advisers.
According to the report which has been revealed by the Automation Anywhere, it has more than 1500 clients across the globe. Some of them include the Mastercard, Linkedln, General Motors. The software is used in automating the process in the functions which are ranging from accounting to the supply chain logistics.
Automation Anywhere has now also revealed its Bot Store, which is the app store like the market of Play Store of all the downloadable bots application available which are designed by the company and its partner ecosystem to meet all the specific automation requirements for all the common business processes.