Automation Anywhere announces $300 m from the SoftBank

Automation Anywhere, the leader in Robotic Process Automation (RPA), on Friday announced it has raised $300 million from the SoftBank Vision Fund.

The funding is subject to regulatory approvals and satisfaction of other customary closing conditions and is an expansion to the company’s Series A round announced in July, bringing the financing to over $500 million.

RPA enables companies to automate routine tasks in the workplace and thus pave the way for increasing productivity and enabling people to focus on more challenging and fulfilling work.

Commenting on the development, Automation Anywhere CEO and Co-Founder Mihir Shukla said RPA is the most pervasive and frictionless path to delivering AI technologies across the enterprise and is revolutionizing the way people work.

“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 AI to millions. Like the introduction of the PC, we see a world where every office employee will work alongside digital workers, amplifying human contributions," he said.

Softbank Investment Advisers Managing Partner Praveen Akkiraju 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.

"We believe that Mihir and team bring a clear vision, a strong technology platform and a passion for delivering real value and cost optimisations for customers," he said.

Automation Anywhere is the only RPA provider that offers a complete suite of products capable of automating business processes at scale. T

Automation Anywhere opened its Bot Store, the industry’s largest app store-like marketplace of downloadable bot applications that are designed by the company and its partner ecosystem to meet specific automation requirements for common business processes.

The Bot Store increases the speed and simplicity in deploying bots at enterprise scale, for any size organization. It has been visited by more than 65,000 users since its launch in March 2018.