The Indian Wire » Startups » Robotics startup Automation Anywhere to invest $100 million to expand operations in India

Robotics startup Automation Anywhere to invest $100 million to expand operations in India

Automation Anywhere secures ₹1713 crore in series-A funding

Automation Anywhere, a robotic-driven company, started in India, now based out of Silicon Valley, has planned to infuse $100 million over 3- 5 years in order to expand its capacities in India.

The Robotic Process Automation (RPA) startup is highly funded by SoftBank Group as it raised around $300 million in the latest round through SoftBank Vision Fund investment.

The platform said that it would set up more research and development centres in India and focus on training more people in automation, apart from creating a partner ecosystem to boost automation.

Automation Anywhere was founded in 2003 by Mihir Shukla, Ankur Kothari, Neeti 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 Bot Store opened by the startup, providing a marketplace for bot applications, has 65,000 users since launch, to help automate different 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.

Ankur Kothari, chief revenue officer and co-founder, said the company is seeing tremendous growth opportunities as both the captive centres of global businesses and Indian conglomerates are increasingly seeking to automate their operations.

While, Automation Anywhere, as part of its expansion plan, would strengthen its presence in Bengaluru, Mumbai, and Vadodara. It is also eyeing to open new offices in Delhi, Hyderabad, Chennai and Pune.

Similarly, other robotics automation startups, with identical objective are Anki, GreyOrange Robotics, UiPath, Blue Prism, among more.

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