OpenBots Raises $5M in Seed Funding

OpenBots, a NYC-based enterprise RPA platform, raised $5M in seed funding.

The backers were not disclosed.

The company intends to use the funds to accelerate investment into research and development.

Based on the TaskT OpenSource project, OpenBots allows users to build a digital workforce and automate straight-forward and repetitive processes with ease.

In addition to the OpenBots RPA Suite, the company offers other products including OpenBots Discovery, a SAAS-based process discovery, analysis, and management tool, and OpenBots Documents, a SAAS-based Intelligent Document Processing tool. Coupled with automation support packages, commercial license to OpenBots migration capabilities, QuickPack ROI initiative services, and partnerships with qualified major RPA services providers, the company offers all the necessary tools and services to build and scale an enterprise-grade intelligent process automation program.

Out of the $5 million raised, $1M has been reserved by OpenBots for taking minority investment positions in other RPA Automation solution provider startups that focus on creating RPA Automation solutions specific to industries using the OpenBots platform.