Automation Anywhere, a provider of robotic process automation (RPA), has raised $290 million in Series B funding at a post money valuation of $6.8 billion.
The financing will help the company accelerate its vision to empower customers 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, it said.
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.
“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, CEO and co-founder, Automation Anywhere.
“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.”
Founded in 2003, Automation Anywhere has raised a total funding of about $550 million from SoftBank, General Atlantic, Goldman Sachs, NEA, World Innovation Lab, and Workday Ventures till date. The San Jose-headquartered, which has active operations in India, was valued at $1.8 billion when it raised $250 million in July last year.
The company then said in a statement that it will use the funds 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.
Automation Anywhere is also aggressively expanding its presence in the Chinese market. Last month, it appointed Chern-Yue Boey as President for the Greater China region. It also recently appointed several executives at the top deck. Simon Tai has been named managing director for Hong Kong & Macau; Jeffrey Yan has been designated managing director in Mainland China; while Celine Fu has been appointed as managing director in Taiwan; and, Jack Yang is GM (strategic partnerships) in Greater China.