The Indian Wire » Startups » Goldman Sachs, others back robotic startup Automation Anywhere with $290 million investment
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Goldman Sachs, others back robotic startup Automation Anywhere with $290 million investment

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Automation Anywhere, a robotic-based platform, has bagged $290 million (approx INR 2,081 crore) in series B funding from Salesforce Ventures, Softbank Investment Advisers and Goldman Sachs, reported ET.

The startup Automation Anywhere plans to use the raised financials to advance the company’s focus on improving human-to-bot collaboration through attended automation.

“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.

Automation Anywhere was founded in 2003 by Mihir ShuklaAnkur KothariNeeti Mehta, and Rushabh Parmani. It is robotic process automation (RPA) company, that uses its software product to deploy its software bots in the digital workforce to automate business processes.

The startup also provides other products like IQ Bot, a purpose-built cognitive automation that integrates with other AI solutions like IBM Watson, Bot Insight, a real-time operational and business analytics platform, and BotFarm, on-demand RPA solution for enterprises.

Automation Anywhere claims to have more than 1,400 enterprise customers across over 90 countries, with more than 800,000 digital workers deployed.

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.”

Similarly, other robotics automation startups, with identical objective are AnkiGreyOrange RoboticsUiPathBlue Prism, among more.

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