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Automation Anyplace raises $200 million in funding spherical

Funding Alert

  • ByStartupStory     |    October 4, 2022

Silicon Valley Financial institution, SVB Capital, and Hercules Capital helped finance $200 million for Bengaluru-based Automation Anyplace, a robotic course of automation agency with headquarters in California.

In line with Automation Anyplace, over the approaching years, it can use this debt for operational and strategic capital.

“We proceed to be optimistic concerning the near-term alternatives for Automation Anyplace, as extra corporations scale automation and use the flexibleness of our cloud platform to mitigate the impression of worldwide occasions and navigate market challenges,” stated Mihir Shukla, CEO and Co-founder, of Automation Anyplace.
“The financing allows us to increase on our mission to unleash human potential by serving to each firm construct a digital workforce and succeed with automation,” he stated.

Automation Anywhere

In 2019, the SoftBank-backed startup Automation Anyplace turned a unicorn. The enterprise claimed that by 2030, automation could assist the world economic system to the tune of $15 trillion, citing a Gartner projection.

Main companies have deployed hundreds of bots throughout their organisations, and in 2022, Automation Anyplace cloud shoppers can have executed an estimated 50 million automation.

“This partnership and financing with Silicon Valley Financial institution and Hercules Capital, enhances an already robust steadiness sheet, and permits us to proceed to put money into and improve the perfect cloud-native automation platform within the market as we speak,” vocalised James Budge, Chief Monetary Officer, Automation Anyplace.

The corporate claims that automation budgets are sharply rising, with over 77% of organisations saying they are going to improve their automation bills within the coming yr.

Related:  Canoo burns money in race to hit $1B EV gross sales objective – TechCrunch

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