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RPA Leader Automation Anywhere Raises $200 Mn In Funding

Automation Anywhere is looking to utilise the funding to provide operational and strategic capital for the next few years

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California-based Automation Anywhere, Inc. has raised USD 200 million in funding from Silicon Valley Bank, SVB Capital and Hercules Capital, Inc.

The Robotic Process Automation (RPA) company Automation Anywhere is looking to utilise the funding to provide operational and strategic capital for the next few years.

In a statement, Mihir Shukla, CEO and co-founder at Automation Anywhere said, “The financing enables us to expand on our mission to unleash human potential by helping every company build a digital workforce and succeed with automation.”

The company had last raised USD 290 million and was valued at USD 6.8 billion.

The partnership with Silicon Valley Bank and Hercules Capital will complement Automation Anywhere’s already strong balance sheet. It will also allow the company to invest in and enhance its automation platform.

Gartner estimates that automation could result in a USD 15 trillion benefit to the global economy by 2030.  

Recent research from Automation Anywhere revealed that automation budgets are dramatically increasing, with more than 77 per cent of organisations indicating they will boost their automation budgets in the year ahead. The research also found that cloud-based automations are integral for the 93 per cent of organisations that have already adopted a cloud-first approach to automaton. Cloud delivers agility and flexibility to rapidly respond to the nature of today’s quickly evolving environments.

In 2022, Automation Anywhere cloud customers have run an estimated 50 million automations, with leading companies deploying thousands of bots across their organisations.



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