Sunday, November 18, 2018

Robotic Process Automation or RPA company Automation Anywhere Raises $300 from Softbank

California-based robotic process automation company (RPA) Automation Anywhere announced that it has raised $300 million from the SoftBank Vision Fund.
According to the company, this funding is an expansion of its July Series A round where it raised $250 million from other investors, that raised its valuation to $1.8 billion.
 Automation Anywhere said, “The additional funding will be used to accelerate the digital transformation of enterprises and the workforce."
The SoftBank Vision Fund, with a corpus of $100 billion, has become one of the key investors for startup companies. In India, it has invested in several companies including Oyo, Ola, Paytm and Grofers.
Automation Anywhere is founded by four Indians Ankur Kothari, Mihir Shukla, Neeti Mehta, and Rushabh Parmani. It is a technology platform, which enables the automation of business processes.

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