Automation Anywhere

Automation Anywhere is a developer of robotic process automation (RPA) software, which employs software bots to complete business processes.[9][10][11]

Automation Anywhere
TypePrivate company
IndustryComputer software, cloud computing, robotic process automation, artificial intelligence
Founded2003
Founder
  • Ankur Kothari
  • Mihir Shukla
  • Neeti Mehta Shukla
  • Rushabh Parmani
HeadquartersSan Jose, California, U.S.
Number of locations
40+ offices[1]
Area served
Worldwide
Key people
  • Riadh Dridi (CMO)[2]
  • Clyde Hosein (CFO)[3]
  • Prince Kohli (CTO)[4]
  • Chris Riley (CRO)
Products
  • Bot Store
  • Robotic Process Automation
  • IQ Bot[5]
  • Bot Insight[6]
Revenue$376.87 million [7]
Number of employees
2,400+ (2020)[8]
Websitewww.automationanywhere.com

History

According to CEO Mihir Shukla, Automation Anywhere was originally founded as Tethys Solutions, LLC[12] in San Jose, California by Ankur Kothari, Mihir Shukla, Neeti Mehta, and Rushabh Parmani.[13][14] The company rebranded itself as Automation Anywhere, Inc., in 2010.[12] As of 2019, Automation Anywhere had more than 3,500 customers, including Google, LinkedIn, GM, and the World Health Organization.[9][15][16]

Between 2018 and 2019, Automation Anywhere received a total of $840 million in Series A and Series B investments at a post-money valuation of $6.8 billion. In 2018, the company announced a total of Series A investments of $550 million from General Atlantic, Goldman Sachs, NEA, World Innovation Lab, SoftBank Investment Advisers, and Workday Ventures.[17][18] In late 2019, a Series B round, led by Salesforce Ventures, raised $290 million.[19]

In September 2019, Automation Anywhere was ranked No. 29 on the Forbes Cloud 100, and was named a leader in Gartner's Magic Quadrant for RPA Software.[20][21]

In October 2020, company collaborated with MRC.[22] As part of its robotic process automation (RPA) the company built a smart digital assistant for enterprises to automate their internal tasks.[23]

Products

Automation Anywhere's products combine traditional RPA with cognitive elements such as natural language processing and reading unstructured data.[14] These include bots with machine-learning capabilities.[14][15]

References
  1. Patel, Manisha (April 28, 2020). "Automation Anywhere Launches AI-Powered Banking Bot to Expedite SBA Loan Processing From 3 Weeks to 3 Days". The Fintech Times.
  2. Williams, Joe; Pimentel, Benjamin (May 23, 2020). "Microsoft's acquisition of RPA firm Softomotive prompts sector leaders including UiPath and Automation Anywhere to brace for war". Business Insider.
  3. Shah, Agam (January 14, 2020). "Automation Anywhere Taps First CIO as Bot Deployments Spur Growth". Wall Street Journal.
  4. "Automation Anywhere announces inaugural developer conference in India". Computer World. August 20, 2019.
  5. Wiggers, Kyle (November 21, 2019). "Automation Anywhere raises $290 million at a $6.8 billion valuation". Venture Beat.
  6. Wheatley, Mike (March 4, 2019). "Automation Anywhere debuts free version of its robotic process automation suite". Silicon Angle.
  7. https://www.dnb.com/business-directory/company-profiles.automation_anywhere_inc.0b1a932dd54232f742e5ccce7186559b.html
  8. Schubarth, Cromwell (April 27, 2020). "Here's why Automation Anywhere cut hundreds of jobs amid double-digit growth". Silicon Valley Business Journal.
  9. Clifford, Catherine (July 6, 2018). "Silicon Valley company that automates 'mundane' tasks with robots gets nearly $2 billion valuation". CNBC. Retrieved December 18, 2019.
  10. Su, Jean Baptiste. "Why SoftBank Invested $300 Million In Robotic Process Automation (RPA)". Forbes. Retrieved November 25, 2019.
  11. "Cameyo, Dynatrace and Automation Anywhere launch partner programmes". MicroscopeUK.
  12. van Romburgh, Marlize (November 21, 2019). "San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding". Silicon Valley Business Journal. Retrieved April 28, 2020.
  13. "The CEO of Automation Anywhere on How Robotic Process and Automation will Transform the Workplace". The Future Organization. July 18, 2016. Retrieved May 8, 2018.
  14. "Automation Anywhere raises $250 million to make business processes self-running". VentureBeat. July 2, 2018. Retrieved November 25, 2019.
  15. Vignesh, J. (July 4, 2018). "Automation Anywhere raises $250 million in series-A round to join the billion-dollar-plus club". The Economic Times. Retrieved November 25, 2019.
  16. "Automation Anywhere raises $290 million at a $6.8 billion valuation". VentureBeat. November 21, 2019. Retrieved October 1, 2020.
  17. "Automation Anywhere raises $250 million to make business processes self-running". VentureBeat. July 2, 2018. Retrieved October 1, 2020.
  18. "Automation Anywhere raises $300 million from SoftBank's Vision Fund". VentureBeat. November 15, 2018. Retrieved October 1, 2020.
  19. "San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding". www.bizjournals.com. Retrieved October 1, 2020.
  20. "Gartner releases first-ever Magic Quadrant for RPA Software". Information Age. July 11, 2019. Retrieved October 1, 2020.
  21. "#29 Automation Anywhere". Forbes. September 11, 2019. Retrieved December 5, 2019.
  22. "MRC Announces Alliance With Automation Anywhere, a Leading RPA". AiThority. October 15, 2020.
  23. "Automation Anywhere introduces smart assistant for enterprises to automate internal tasks". The Economic Times.
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