Automation Anywhere

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

Automation Anywhere
Private 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

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]

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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. Schubarth, Cromwell (April 27, 2020). "Here's why Automation Anywhere cut hundreds of jobs amid double-digit growth". Silicon Valley Business Journal.
  8. Clifford, Catherine (July 6, 2018). "Silicon Valley company that automates 'mundane' tasks with robots gets nearly $2 billion valuation". CNBC. Retrieved December 18, 2019.
  9. Su, Jean Baptiste. "Why SoftBank Invested $300 Million In Robotic Process Automation (RPA)". Forbes. Retrieved November 25, 2019.
  10. 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.
  11. "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.
  12. "Automation Anywhere raises $250 million to make business processes self-running". VentureBeat. July 2, 2018. Retrieved November 25, 2019.
  13. 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.
  14. Schubarth, Cromwell (November 15, 2018). "San Jose automation unicorn gets $300M in latest SoftBank megafunding". Silicon Valley Business Journal. Retrieved April 28, 2020.
  15. "#29 Automation Anywhere". Forbes. September 11, 2019. Retrieved December 5, 2019.
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