Automation Anywhere, which supplies customers with armies of software robots to take over manual tasks such as insurance claims processing, announced today it raised $250 million in a first funding round that set its post-money valuation at $1.8 billion.
The San Jose, CA-based company, begun in 2003 by four co-founders who bootstrapped its funding, has built a customer base of 1,100 firms including Google, GM, Siemens, Cisco Systems, LinkedIn, Comcast, and Juniper Networks.
CEO and co-founder Mihir Shukla says Automation Anywhere started generating revenue early on, and has racked up profits in the past, but it raised the big Series… Read more »
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