cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News

Automation Anywhere Raised $300 Million Investment from the SoftBank

News Desk by News Desk
November 17, 2018
Reading Time: 2 mins read
RPA
Share on FacebookShare on Twitter

Robotic Process Automation (RPA) Company Automation Anywhere raised $300 million from the SoftBank Vision Fund. The funding is subject to regulatory approvals and satisfaction of other customary closing conditions and is an expansion to the company’s Series A round announced in July, bringing the financing to over $500 million

RPA enables companies to automate business processes. By automating routine tasks in the workplace, RPA is increasing productivity and enabling people to focus on more challenging and fulfilling work.

“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.”

Automation Anywhere is the only RPA provider that offers a complete suite of products capable of automating business processes at scale. Together, its foundational Enterprise RPA platform, its AI product, IQ Bot, and Bot Insight, a predictive analytics capability embedded into bots, are the industry’s most robust and scalable platform for delivering an Intelligent Digital Workforce.

Automation Anywhere opened its Bot Store, the industry’s largest app store-like marketplace of downloadable bot applications that are designed by the company and its partner ecosystem to meet specific automation requirements for common business processes. The Bot Store increases the speed and simplicity in deploying bots at enterprise scale, for any size organization. It has been visited by more than 65,000 users since its launch in March 2018

ADVERTISEMENT

“Successful companies are defined by both vision and execution. We continue to make important investments in both as we expand our product suite and global reach at a rapid pace,” said Clyde Hosein, Chief Financial Officer at Automation Anywhere. “With more than $500 million in capital from the Series A round, we believe we have the strongest balance sheet in the industry and are well positioned to continue to solve our customers’ problems in innovative new ways.”

How CIO Can Form Engaging Partnership with CEO

News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

Related Posts

Insurance Underwriting
Opinion

5 Ways New-age Technologies Can Transform Underwriting

February 5, 2021
10 Benefits of Adopting RPA in Banking and Financial Sectors
Banking

10 Benefits of Adopting RPA in Banking and Financial Sectors

November 9, 2020
Intelligent Automation in Insurance: Time to Leverage Synergies of RPA, BPM, and AI
News

Intelligent Automation in Insurance: Time to Leverage Synergies of RPA, BPM, and AI

March 31, 2020
Anil D’Souza, Founder and CEO, Simpliance Technologies
AI

AI as a Service, Big Data and RPA to Empower GRC within Enterprises

January 28, 2020
Technology trends in banking sector
Banking

Top 5 Technology Trends in Banking Sector to Look Out For

January 14, 2020
Softbank wework
News

SoftBank to Set New Governance for Startups and Its Founders

November 5, 2019
semiconductor TCS RPA
News

TCS Launches New RPA Solutions to Accelerate Digital Transformation in Semiconductor Industry

August 9, 2019
RPA
News

RPA Can Enhance Business Results With Efficient Processes

July 9, 2019
Load More
ADVERTISEMENT

Expert Views

chatbots for businesses
Opinion

Why chatbots are important for businesses to strengthen their sales and operations

June 5, 2023
How Travel and Expense can pave the way for responsible spend culture
Opinion

How Travel and Expense can pave the way for responsible spend culture

May 24, 2023
Data at Rest
Cyber Security

Data at Rest – How Data Encryption and Data Security Beneficial to IT Teams?

May 8, 2023
SaaS Rising: India is Ready for its Next IT Moment
Opinion

SaaS Rising: India is Ready for its Next IT Moment

January 31, 2023
Technology remains the main driver for insurance companies to scale and grow in 2023
News

Technology remains the main driver for insurance companies to scale and grow in 2023

January 10, 2023

Latest Updates

Top 10 Data and Analytics Technology Trends for 2020

Marketing leaders in India to boost the use of generative AI: Report

by IANS
2 days ago

Users can now create desktop shortcut for Google Password Manager

Users can now create desktop shortcut for Google Password Manager

by IANS
2 days ago

HP launched new PC portfolio to meet the evolving consumer demands

HP introduces 45-inch curved display, vertical mouse in India

by IANS
4 days ago

Apple iPadOS 17 offers redesigned Lock Screen, interactive widgets & more

Apple iPadOS 17 offers redesigned Lock Screen, interactive widgets & more

by IANS
5 days ago

Working in a post-pandemic world: What is the new normal?

Approx 4K people lost their jobs in the US due to AI in May: Report

by IANS
5 days ago

Atomic Wallet faces security breach, loses over $35 mn in crypto

Atomic Wallet faces security breach, loses over $35 mn in crypto

by IANS
6 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-
digital-first strategy
Banking

Jana Small Finance Bank’s digital-first strategy enhances customer experience

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/