RPA Startup Automation Anywhere Gets $300 Million From SoftBank Vision Fund

automation anywhere

automation anywhere

Automation Anywhere, a Robotic Process Automation startup, announced that they have 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.

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RPA enables companies to automate business processes. By automating routine tasks in the workplace, RPA is increasing productivity and enabling people to focus on more challenging and fulfilling work.

Mihir Shukla, CEO and Co-Founder at Automation Anywhere, said in a statement, “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. As the introduction of the PC, we see a world where every office employee will work alongside digital workers, amplifying human contributions. Today, employees must know how to use a PC and very soon employees will have to know how to build a bot.”

Praveen Akkiraju, managing partner at Softbank Investment Advisers, said in a statement, “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 optimizations for customers.”

Automation Anywhere is the only RPA provider that offers a complete suite of products capable of automating business processes at scale. Together, its foundational Enterprise RPA platform, its AI product, IQ Bot™, and Bot Insight™, a predictive analytics capability embedded into bots, are the industry’s most robust and scalable platform for delivering an Intelligent Digital Workforce.

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.

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Prajakta Hebbar
Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.

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