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Automation Anywhere

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Automation Anywhere
Company 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]
Number of employees
2,400+ (2020)[7]
Websitewww.automationanywhere.com

Automation Anywhere is a developer of robotic process automation (RPA) software, which employs software bots to complete processes.[8][9]

History

According to CEO Mihir Shukla, Automation Anywhere was originally founded as Tethys Solutions, LLC[10] in San Jose, California by Ankur Kothari, Mihir Shukla, Neeti Mehta, and Rushabh Parmani.[11][12] The company rebranded itself as Automation Anywhere, Inc., in 2010.[10] As of 2018, Automation Anywhere's customers included Google, LinkedIn, and GM.[8][13]

In 2018, New Enterprise Associates and Goldman Sachs led a funding round that resulted in over $250 million invested in Automation Anywhere.[12][13] In the same year, SoftBank invested over $300 million in Automation Anywhere.[9][14]

Automation Anywhere's products combine traditional RPA with cognitive elements such as natural language processing and reading unstructured data.[12] These include bots with machine-learning capabilities.[12][13]

In September 2019, Automation Anywhere was ranked No. 29 on the Forbes Cloud 100.[15]

References

  1. ^ Patel, Manisha (28 April 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 (23 May 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 (14 January 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. 20 August 2019.
  5. ^ Wiggers, Kyle (21 November 2019). "Automation Anywhere raises $290 million at a $6.8 billion valuation". Venture Beat.
  6. ^ Wheatley, Mike (4 March 2019). "Automation Anywhere debuts free version of its robotic process automation suite". Silicon Angle.
  7. ^ Schubarth, Cromwell (27 April 2020). "Here's why Automation Anywhere cut hundreds of jobs amid double-digit growth". Silicon Valley Business Journal.
  8. ^ a b Clifford, Catherine (6 July 2018). "Silicon Valley company that automates 'mundane' tasks with robots gets nearly $2 billion valuation". CNBC. Retrieved 18 December 2019.
  9. ^ a b Su, Jean Baptiste. "Why SoftBank Invested $300 Million In Robotic Process Automation (RPA)". Forbes. Retrieved 25 November 2019.
  10. ^ a b van Romburgh, Marlize (21 November 2019). "San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding". Silicon Valley Business Journal. Retrieved 28 April 2020.{{cite web}}: CS1 maint: url-status (link)
  11. ^ "The CEO of Automation Anywhere on How Robotic Process and Automation will Transform the Workplace". The Future Organization. 18 July 2016. Retrieved 8 May 2018.
  12. ^ a b c d "Automation Anywhere raises $250 million to make business processes self-running". VentureBeat. 2 July 2018. Retrieved 25 November 2019.
  13. ^ a b c Vignesh, J. (4 July 2018). "Automation Anywhere raises $250 million in series-A round to join the billion-dollar-plus club". The Economic Times. Retrieved 25 November 2019.
  14. ^ Schubarth, Cromwell (15 November 2018). "San Jose automation unicorn gets $300M in latest SoftBank megafunding". Silicon Valley Business Journal. Retrieved 28 April 2020.{{cite web}}: CS1 maint: url-status (link)
  15. ^ "#29 Automation Anywhere". Forbes. 11 September 2019. Retrieved 5 December 2019.

External links