Total amount raised
$1.1 Billions
Latest funding date
Location
Automation Anywhere has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in providing end-to-end automation solutions through its digital workforce platform.
Keep reading to explore the intricacies of Automation Anywhere's fundraising journey and the investors backing this innovative platform.
What Is Automation Anywhere?
Founded in 2003, Automation Anywhere is headquartered in San Jose, California. The company specializes in Robotic Process Automation (RPA), offering AI-powered software bots that automate repetitive tasks.
Automation Anywhere was founded by Ankur Kothari, Mihir Shukla, Neeti Mehta, and Rushabh Parmani. Their digital workforce platform integrates RPA, artificial intelligence, machine learning, and analytics to enhance productivity and customer experience.
With a workforce of 1001-5000 employees, Automation Anywhere continues to innovate in the automation industry, providing end-to-end solutions for businesses worldwide.
How Much Funding Has Automation Anywhere Raised?
- Series A
- Amount Raised: $250M
- Date: July 2018
- Lead Investors: GS Growth, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series A
- Amount Raised: $300M
- Date: November 2018
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and global expansion.
- Corporate Round
- Amount Raised: Not disclosed
- Date: February 2019
- Lead Investors: Workday Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance product offerings.
- Series B
- Amount Raised: $290M
- Date: November 2019
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand cloud capabilities and drive innovation.
- Secondary Market
- Amount Raised: Not disclosed
- Date: June 2021
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: $9.3M
- Date: July 2021
- Lead Investors: Arctic Ventures, Mindrock Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Venture Round
- Amount Raised: $3.4M
- Date: December 2021
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and drive growth.
- Debt Financing
- Amount Raised: $200M
- Date: October 2022
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide operational and strategic capital for the next several years.
- Secondary Market
- Amount Raised: Not disclosed
- Date: May 2023
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $1.0527B. Current Valuation: Not publicly disclosed.
Key Investors
- Silicon Valley Bank (SVB)
- Details: SVB provides commercial banking services, expertise, and insights to various industries including technology, life sciences, healthcare, private equity, venture capital, and premium wine industries. It operates globally and is part of SVB Financial Group.
- Investment Focus Areas: Technology, life sciences, healthcare, private equity, venture capital, premium wine industries.
- Notable Investments: Works with innovative public and late-stage private companies in the U.S. Tech Sector.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused venture capital funds in the world. It aims to invest in market-leading, tech-enabled growth companies.
- Investment Focus Areas: Technology, artificial intelligence, robotics, telecommunications.
- Notable Investments: Uber, WeWork, Arm Holdings.
- Salesforce Ventures
- Details: Salesforce Ventures is the global investment arm of Salesforce, focusing on creating the world’s largest ecosystem of enterprise cloud companies. It invests in the next generation of enterprise technology.
- Investment Focus Areas: Cloud computing, enterprise software, artificial intelligence.
- Notable Investments: Zoom, DocuSign, Twilio.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies at all stages of growth. It has a long history of supporting entrepreneurs and companies that drive innovation.
- Investment Focus Areas: Technology, healthcare, software, consumer services.
- Notable Investments: Robinhood, Coursera, 23andMe.
- Hercules Capital, Inc.
- Details: Hercules Capital is a leading specialty finance company providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies. It focuses on technology, life sciences, and sustainable and renewable technology industries.
- Investment Focus Areas: Technology, life sciences, sustainable and renewable technology industries.
- Notable Investments: Since inception, Hercules has committed more than $15 billion to over 590 companies.
What's Next for Automation Anywhere?
Automation Anywhere stands at the cusp of significant growth opportunities, driven by the increasing automation budgets among organizations. With 77% of companies planning to boost their automation investments, the potential for expanding their cloud-native automation platform is immense. The global economy could see a $15 trillion benefit from automation by 2030, underscoring the vast market potential.
Future fundraising opportunities appear promising, given the company's strong financial position and strategic partnerships with Silicon Valley Bank and Hercules Capital. These relationships could pave the way for additional capital to fuel further expansion and innovation. However, challenges such as navigating global market uncertainties and maintaining a competitive edge in a rapidly evolving tech landscape remain. Ensuring the security and governance of their automation solutions will be crucial as they continue to grow.
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