Automation Anywhere raises $300 million from SoftBank’s Vision Fund

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Editor Coda
Nov 20, 2018

Automation Anywhere announced last week they had raised $300 million from SoftBank’s Vision Fund. This is an expansion to the company’s Series A round announced in July, bringing the financing to over $500 million. The company is now valued at $2.6 billion.
 
“RPA is the most pervasive and frictionless path to delivering AI technologies across the enterprise, and is revolutionizing the way people work,” said Mihir Shukla, CEO and Co-Founder at Automation Anywhere. “With this additional capital, we are in a position to do far more than any other provider. We will not only continue to deliver the most advanced RPA to the market, but we will help bring AI to millions. Like the introduction of the PC, we see a world where every office employee will work alongside digital workers, amplifying human contributions. Today, employees must know how to use a PC and very soon employees will have to know how to build a bot.”
 
“Enterprises of all sizes are in the midst of a major transition to digital platforms, and we are excited to partner with Automation Anywhere to accelerate this transformation,” says Praveen Akkiraju, managing partner at Softbank Investment Advisers. "We believe that Mihir and team bring a clear vision, a strong technology platform and a passion for delivering real value and cost optimizations for customers.”
 

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