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Automation Anywhere

Topic: Company

 From HandWiki - Reading time: 3 min
Short description: Software company
Automation Anywhere
TypePrivate
IndustrySoftware
Founded2003; 21 years ago (2003)
FounderMihir Shukla, Neeti Mehta Shukla, Ankur Kothari, Rushabh Parmani
HeadquartersSan Jose, California, U.S.
Number of locations
15 offices
Area served
Worldwide
Key people
  • Mihir Shukla (CEO)
ProductsRPA tools
Automation tools
Number of employees
2,200+
Websitewww.automationanywhere.com

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.[3] 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.[3]

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]

References

  1. ↑ Clifford, Catherine (July 6, 2018). "Silicon Valley company that automates 'mundane' tasks with robots gets nearly $2 billion valuation"]. https://www.cnbc.com/2018/07/05/goldman-sachs-funds-automation-anywhere-at-billion-dollar-valuation.html. 
  2. ↑ "Limited Liability Company Articles of Organization, Tethys Solutions". https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=200323510010-396935. 
  3. ↑ 3.0 3.1 3.2 Von Rombourgh, Marlize (November 21, 2019). "San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding". https://www.bizjournals.com/sanjose/news/2019/11/21/san-jose-automation-unicorn-catapults-to-6-8b.html. 
  4. ↑ Wiggers, Kyle (November 21, 2019). "Automation Anywhere raises $290 million at a $6.8 billion valuation". https://venturebeat.com/2019/11/21/rpa-startup-automation-anywhere-raises-290-million-at-a-6-8-billion-valuation/. 
  5. ↑ "Automation Anywhere Launches New RPA Solutions to Respond to Global COVID-19 Pandemic" (Press release). Automation Anywhere. April 8, 2020. Retrieved August 1, 2023.
  6. ↑ "Automation Anywhere Recognized with 5-Star Rating in 2020 CRN Partner Program Guide" (Press release). Automation Anywhere. March 30, 2020.
  7. ↑ "Automation Anywhere Launches Cloud Strategy with Leading Global Cloud Companies" (Press release). Autonation Anywhere. September 4, 2018. Retrieved August 1, 2023.
  8. ↑ Wiggers, Kyle (July 2, 2018). "Automation Anywhere Raises $250 Million to Make Business Processes Self-Running". https://venturebeat.com/2018/07/02/automation-anywhere-raises-250-million-to-automate-businesses-processes/. 
  9. ↑ Wiggers, Kyle (November 15, 2018). "Automation Anywhere Raises $300 Million from SoftBank's Vision Fund". https://venturebeat.com/2018/11/15/rpa-startup-automation-anywhere-raises-300-million-from-softbanks-vision-fund/. 
  10. ↑ "Automation Anywhere Acquires Klevops". August 7, 2019. https://www.cio.com/article/3491434/automation-anywhere-acquires-klevops.html. 
  11. ↑ Miller, Ron (December 23, 2021). "Automation Anywhere expands into process discovery with FortressIQ acquisition". https://techcrunch.com/2021/12/23/automation-anywhere-expands-into-process-discovery-with-fortressiq-acquisition/. 
  12. ↑ Meng, Grace (November 17, 2022). "WOMEN'S ENTREPRENEURSHIP DAY 2022". Congressional Record 117: 178: E1163. https://www.congress.gov/117/crec/2022/11/17/168/178/CREC-2022-11-17-pt1-PgE1163-4.pdf. 



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