Automation Anywhere, a provider of robotic process automation, has raised $290 million in its Series-B funding, led by Salesforce Ventures. Softbank Investment Advisers and Goldman Sachs were also part of Series-B round of funding. Company’s valuation now stands at $6.8 billion. The company was founded in 2003 by Mihir Shukla, Rushabh Parmani, Ankur Kothari and Neeti Mehta.
Earlier, the company had raised $550 million in Series-A round of funding from SoftBank Investment Advisers, General Atlantic, Goldman Sachs, New Enterprise Associates (NEA), World Innovation Lab, and Workday Ventures.
It is understood that the funds will help the company to reinforce the RPA category and AI. The funds will help in business growth and empower customers to automate end-to-end business processes.
In a media statement, Mihir Shukla, CEO and Co-founder of 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.”
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