Automation Anywhere Raises $250 Million, Reaching a $1.8 Billion Valuation
By adminlk Business, News Oct 25, 2018 No Comments on Automation Anywhere Raises $250 Million, Reaching a $1.8 Billion Valuation
We are excited to share news of our partner, Automation Anywhere and their success in one of the Largest Series A Financing Rounds. Infomatics Corp CEO, Shahil Shariff: “The post-money valuation from this investment round is a huge advance for Automation Anywhere and a very encouraging event for partners like Infomatics. We see a winner in the RPA space and a valuable product to delivery rapid productivity gains for our clients.”
Automation Anywhere, the leader in Robotic Process Automation (RPA), today announced it has completed its Series A financing round of $250 million led by New Enterprise Associates (NEA) and Goldman Sachs Growth Equity with participation from General Atlantic and World Innovation Lab (WiL). As one of the largest Series A rounds on record for an enterprise software company, this brings Automation Anywhere’s post-money valuation to $1.8 billion. This sizable investment will help extend Automation Anywhere’s leadership in the rapidly-expanding RPA market and accelerate its global customer engagements and product development.
RPA is a fast-evolving technology which uses software robots (bots) to automate business processes that have never been automated by traditional technology platforms. Today these processes are managed manually by hundreds of thousands of human workers. Automation Anywhere pioneered RPA and its Intelligent Digital Workforce Platform, which also combines cognitive automation and analytics, is driving productivity and business process accuracy with near-zero error rates.
With this investment, Automation Anywhere expects to deepen its customer engagements in North America, LATAM, India, Europe, Australia, Japan, South Korea and Singapore (ASEAN), and plans to deploy its technology in additional geographies. Building on its core product offerings, Automation Anywhere’s customers will further benefit from specialized machine learning capabilities and sophisticated Artificial Intelligence (AI) integrations to drive higher operational efficiency, increased agility and flexibility to scale up-and-down anytime, all with robust security. For more details, visit Automation Anywhere website.