Automation Anywhere raises $200 mn from Silicon Valley Bank, others

Robotic Process Automation (RPA) provider Automation Anywhere, has secured $200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital, Inc. The funding is intended to provide operational and strategic capital for the next several years.

Bob Blee, Head of US Technology Corporate Banking at Silicon Valley Bank said, “Automation Anywhere is a leader in RPA and is helping companies automate and digitize enterprise processes that increase the productivity of their workforce, digitally transform their business, and become more resilient.”

Recent research from Automation Anywhere reveals that automation budgets are dramatically increasing, with more than 77 per cent of organisations indicating they will boost their automation budgets in the year ahead.