Automation Anywhere gets $290m funding

Robotic Process Automation (RPA) firm Automation Anywhere has received $290 million in Series B funding at a post money valuation of $6.8 billion.

The funding was led by Salesforce Ventures, with additional investment from existing investors including Softbank Investment Advisers and Goldman Sachs.

The new capital will help Automation Anywhere accelerate its ability to automate end-to-end business processes, bridging the gap between the front and back office with an artificial intelligence (AI) powered intelligent automation platform.

In addition, the funding will advance the company’s focus on improving human-to-bot collaboration through attended automation, resulting in enhanced customer experiences and increased employee productivity.

A year ago, Automation Anywhere announced Series A investment of $550 million from SoftBank Investment Advisers, General Atlantic, Goldman Sachs, NEA, World Innovation Lab and Workday Ventures.

“Never before has there been such a transformative shift in the way we work, with artificially intelligent software bots changing how people, processes and technology interact for productivity gains,” said Mihir Shukla, the firm's chief executive and co-founder. “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.”

The company launched its Automation Anywhere Salesforce Connector on Salesforce AppExchange, bringing its platform to Salesforce users through pre-built software bots.

“Automation Anywhere makes it easier for Salesforce customers to automate repetitive, manual tasks and focus on what matters most – the customer,” said Bill Patterson, executive vice president and general manager at Salesforce Service Cloud.

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