Automation Anywhere Explained

Automation Anywhere
Type:Private
Industry:Software
Products:RPA tools
Automation tools
Area Served:Worldwide
Founder:Mihir Shukla, Neeti Mehta Shukla, Ankur Kothari, Rushabh Parmani
Hq Location:San Jose, California, U.S.
Num Locations:15 offices
Num Employees:2,200+

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

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

History

Automation Anywhere was originally founded as Tethys Solutions, LLC[2] in San Jose, by Mihir Shukla, Neeti Mehta Shukla, Ankur Kothari and Rushabh Parmani. The company rebranded itself as Automation Anywhere, Inc. in 2010.[3]

As of early 2021, the company reported some 2,800 client firms around the world. Customers cited in 2020 included Volkswagen, Whirlpool, and other organizations.[4] [5]

The company's 2,100+ partner relationships [6] include collaborations with Microsoft, Google, and Amazon Web Services to advance intelligent automation,[7] and with Salesforce, to help its customers automate their front-office business processes. 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 $6.9 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.[8] [9] In late 2019, a Series B round, led by Salesforce Ventures, raised $290 million.

In 2019, the company acquired Klevops, a privately owned company based in Paris that works in the finance, banking and telecommunications industries.[10]

In December 2021, Automation Anywhere announced it intends to acquire process discovery startup FortressIQ.[11]

Automation Anywhere's co-founder, Neeti Mehta Shukla, received the Women's Entrepreneurship Day Organization’s Technology Pioneer Award at the United Nations in 2022.[12]

Notes and References

  1. Web site: Clifford . Catherine . July 6, 2018 . Silicon Valley company that automates 'mundane' tasks with robots gets nearly $2 billion valuation ]. . December 18, 2019.
  2. Web site: Limited Liability Company Articles of Organization, Tethys Solutions . May 19, 2020 . https://web.archive.org/web/20210925033237/https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=200323510010-396935 . September 25, 2021 . dead.
  3. Web site: Von Rombourgh . Marlize . November 21, 2019 . San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding . Silicon Valley Business Journal . May 19, 2020.
  4. Web site: Wiggers . Kyle . November 21, 2019 . Automation Anywhere raises $290 million at a $6.8 billion valuation . Venture Beat . May 21, 2020.
  5. April 8, 2020 . Automation Anywhere Launches New RPA Solutions to Respond to Global COVID-19 Pandemic . Automation Anywhere . August 1, 2023.
  6. March 30, 2020 . Automation Anywhere Recognized with 5-Star Rating in 2020 CRN Partner Program Guide . Automation Anywhere.
  7. September 4, 2018 . Automation Anywhere Launches Cloud Strategy with Leading Global Cloud Companies . Autonation Anywhere . August 1, 2023.
  8. Web site: Wiggers . Kyle . July 2, 2018 . Automation Anywhere Raises $250 Million to Make Business Processes Self-Running . VentureBeat . May 19, 2020.
  9. Web site: Wiggers . Kyle . November 15, 2018 . Automation Anywhere Raises $300 Million from SoftBank's Vision Fund . VentureBeat . May 19, 2020.
  10. Web site: August 7, 2019 . Automation Anywhere Acquires Klevops . CIO.com . May 28, 2020 . https://web.archive.org/web/20200217014915/https://www.cio.com/article/3491434/automation-anywhere-acquires-klevops.html . February 17, 2020 . dead.
  11. Web site: Miller . Ron . Automation Anywhere expands into process discovery with FortressIQ acquisition . TechCrunch . December 23, 2021 . December 26, 2021.
  12. Grace . Meng . WOMEN'S ENTREPRENEURSHIP DAY 2022 . . 117: 178 . November 17, 2022 . E1163 .