RPA brand Automation Anywhere raises $290 Million in series B financing

Robotic process automation (RPA) vendor now valued at $6.8 billion

RPA has become the fastest-growing enterprise software category, according to Gartner.
RPA has become the fastest-growing enterprise software category, according to Gartner.

Robotic process automation (RPA) vendor Automation Anywhere has raised $290 million in Series B funding, for a post-money valuation of $6.8 billion. The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank Investment Advisers and Goldman Sachs.

Mihir Shukla, CEO and co-founder, Automation Anywhere said: “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.”

A year ago, Automation Anywhere announced its Series A investment of $550 million from SoftBank Investment Advisers, General Atlantic, Goldman Sachs, NEA, World Innovation Lab, and Workday Ventures.

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Driven by digital transformation trends, RPA has become the fastest-growing enterprise software category, according to Gartner.

The company launched its Automation Anywhere Salesforce Connector on Salesforce AppExchange, , bringing its automation platform to Salesforce global users through pre-built software bots. This will, for example, empower a customer service agent to get help from an attended RPA bot during a live customer call, improving both the agent’s productivity and the customer experience.

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