Automation Anywhere, a robotic process automation (RPA) company today announced that it has raised $290 million in series B funding. After the funding, the company was valued at $6.8 billion. The funding was led by Salesforce Ventures. Existing investors Softbank Investment Advisers and Goldman Sachs also participated.
The company said the money would “advance the company’s focus on improving human-to-bot collaboration through attended automation”. Attended automation is used when human judgment is required – it allows for a human to intervene in the automated process and make decisions.
The Series B round, which puts a post-money valuation of $6.8 billion on the company, also saw participation from existing investors including Softbank Investment Advisers and Goldman Sachs, a statement said. “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 offices with an artificial intelligence-powered intelligent automation platform,” it added.
Last year, the company received $550 million in Series A funding from Automation 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.
Bill Patterson, Executive Vice President and General Manager, Salesforce Service Cloud said, “We’re excited to extend our partnership with Automation Anywhere to help more customers automate their end-to-end business processes and accelerate their digital transformation journeys.”
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