Automation Anywhere, a San Jose, CA-based developer of Robotic Process Automation (RPA) technology, completed its Series A financing round of $250m.
The round – which brings post-money valuation to $1.8 billion – was led by New Enterprise Associates (NEA) and Goldman Sachs Growth Equity with participation from General Atlantic and World Innovation Lab (WiL). In conjunction with the funding, John Giannuzzi, John Giannuzzi, a Vice President in Goldman Sachs’ Merchant Banking Division, and Chetan Puttagunta, General Partner of NEA, will join the board of directors of Automation Anywhere.
The company intends to use the funds to accelerate global customer engagements in North America, LATAM, India, Europe, Australia, Japan, South Korea and Singapore (ASEAN), and in additional geographies and continue to develop its platform.
Led by Mihir Shukla, CEO and Co-Founder, Automation Anywhere provides an enterprise-grade platform which combines RPA, cognitive and embedded analytic technologies to provide software bots that work side by side with people to do much of the repetitive work in many industries.
Over 1,000 organizations in financial services, insurance, healthcare, technology, manufacturing, telecom and logistics sectors globally use this AI-enabled solution to manage and scale business processes faster, with near-zero error rates, while reducing operational costs.