Automation Anywhere

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Automation Anywhere
TypePrivate company
IndustryRobotic Process Automation, Artificial Intelligence, Computer Software, Cloud
Founded2003
FounderMihir Shukla, Neeti Mehta Shukla, Ankur Kothari, Rushabh Parmani
HeadquartersSan Jose, California, U.S.
Number of locations
15 offices globally
Area served
Worldwide
Key people
  • Mihir Shukla (Co-Founder, CEO and Chairman)
  • Ankur Kothari (Co-Founder and COO)
  • Prince Kholi (CTO)
  • Nancy Hauge (CHRO)
  • Riadh Dridi (CMO)
  • Chris Riley (CRO)
  • Yousuf Kahn (CIO)
  • Peter Meechan, Chief CDO
  • Gary Conway, Chief Evangelist
  • Neeti Mehta Shukla (Co-Founder and SVP, Brand and Culture
  • Rushabh Parmani (Co-Founder and EVP, Customer Success and Operations)
Products
  • AARI (Automation Anywhere Robotic Interface)
  • Automation 360
  • IQ Bot
  • Discovery Bot
  • Bot Insight
  • Bot Store
  • Private Bot
Store
Brands
  • Automation Anywhere
  • Automation Anywhere University
  • A-People
  • Imagine Conference
  • Bot Games
  • Bot Lab
  • A Listers
Number of employees
2,200+
Websitewww.automationanywhere.com

Automation Anywhere is a global company that develops robotic process automation (RPA) software. [1]

Founded in 2003, the company is headquartered in San Jose, California.

RPA Technology[edit]

RPA helps companies automate repetitive processes based on rules and structured data so they can improve efficiency and reduce operating costs. This technology allows businesses to connect a variety of applications without native integrations like APIs or other backend connectors. It automates processes using the Graphical User Interface (GUI) and performs actions similar to a human operator but at a much faster speed and without errors.

RPA Industry[edit]

As of 2021, RPA has become the fastest growing sector in the tech industry with growth attributed to the pandemic and the need for organizations to reduce costs.  The global demand for RPA was worth more than US$2.7 billion in 2020 and is expected to reach more than US$18.3 billion in 2027, at a CAGR of 31.07% from 2020 to 2027.[2]   RPA software revenue is projected to reach $1.89 billion in 2021, an increase of 19.5% from 2020, according to the latest forecast from Gartner, Inc.[3]

Automation Anywhere has been named a Leader in the Gartner Magic Quadrant for two consecutive years, as well as highlighted in the Forrester Wave Report.[4]

History of Automation Anywhere[edit]

Automation Anywhere was originally founded as Tethys Solutions, LLC[5] in San Jose, by Mihir Shukla, Neeti Mehta Shukla, Ankur Kothari and Rushabh Parmani.  The company rebranded itself as Automation Anywhere, Inc. in 2010.[6]

As of early 2021, the company reported more than 2,800 current customers in 90+ countries.  Customers cited in 2020 included Accenture, Boston Scientific, Cisco, Cognizant, Comcast, Dell EMC, Deloitte, Hitachi, IBM, Juniper Networks, LinkedIn, MasterCard, PricewaterhouseCoopers, Quest Diagnostics, Siemens,  Stanley Black & Decker, Symantec, Tesco, Unilever, Volkswagen, Whirlpool, and the World Bank,[7] as well as the World Health Organization.[8]

The company's 2,100+ partner relationships [9] include collaborations with Microsoft, Google, and Amazon Web Services to advance intelligent automation,[10] and with Salesforce, to help its customers automate their front office business processes.[11] In early 2021, the company had 110+ customers who are also partners.

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.[12][13] In late 2019, a Series B round, led by Salesforce Ventures, raised $290 million.[14]

In 2019, the company acquired Klevops, a privately owned company based in Paris that works in the finance, banking and telecommunications industries.[15]

In 2021, Automation Anywhere reported a total of 2.8 million bots deployed since it began.

References[edit]

  1. ^ Clifford, Catherine (6 July 2018). "Silicon Valley company that automates 'mundane' tasks with robots gets nearly $2 billion valuation". CNBC. Retrieved 18 December 2019
  2. ^ https://brandessenceresearch.com/technology-and-media/robotic-process-automation-market-growth
  3. ^ https://www.gartner.com/en/newsroom/press-releases/2020-09-21-gartner-says-worldwide-robotic-process-automation-software-revenue-to-reach-nearly-2-billion-in-2021
  4. ^ https://www.automationanywhere.com/lp/forrester-wave-rpa
  5. ^ Limited Liability Company Articles of Organization, Tethys Solutions. Retrieved May 19, 2020
  6. ^ Von Rombourgh, Marlize. (November 21, 2019) ”San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding”, Silicon Valley Business Journal. Retrieved May 19, 2020
  7. ^ Wiggers, Kyle (November 21, 2019) Automation Anywhere raises $290 million at a $6.8 billion valuation Venture Beat. Retrieved May 21, 2020
  8. ^ Khan, Tuba. (April 9, 2020) Automation Anywhere Launches New RPA Solutions to Respond toGlobal COVID-19 Pandemic PharmaShots. Retrieved May 26, 2020
  9. ^ (March 30, 2020) Automation Anywhere Press Release Boilerplate: “Automation Anywhere Recognized with 5-Star Rating in 2020 CRN Partner Program Guide
  10. ^ (September 5, 2018) Automation Anywhere Now Supports the Four Major Cloud Providers Smart Customer Service. Retrieved May 26, 2020
  11. ^ Von Rombourgh, Marlize. (November 21, 2019) ”San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding”, Silicon Valley Business Journal. Retrieved May 19, 2020
  12. ^ Wiggers, Kyle (July 2, 2018). ”Automation Anywhere Raises $250 Million to Make Business Processes Self-Running.” VentureBeat. Retrieved May 19, 2020.
  13. ^ Wiggers, Kyle (November 15, 2018). “Automation Anywhere Raises $300 Million from SoftBank’s Vision Fund.” VentureBeat. Retrieved May 19, 2020
  14. ^ Von Rombourgh, Marlize. (November 21, 2019) ”S an Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding”, Silicon Valley Business Journal. Retrieved May 19, 2020.
  15. ^ CIO New Zealand (August 7, 2019) “Automation Anywhere Acquires Klevops” CIO.com. Retrieved May 28, 2020

External links[edit]