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About
Summary
Valuation

Founded: 2003

Headquarters: San Jose, California

Automation Anywhere is a cognitive robotic process automation platform that uses software robots to automate business processes not automated by traditional technology platforms. Its Intelligent Digital Workforce Platform combines cognitive automation and analytics, driving productivity and business process accuracy with near-zero error rates.

Key Facts

1

Automation Anywhere is considered the #1 RPA platform that is easiest to use and can scale 3x faster at 1/5th the cost of legacy platforms.

2

Automation Anywhere was named a 2020 Magic Quadrant Leader for Robotic Process Automation 2nd year in a row by Gartner.

3

Eyeing a potential IPO, Automation Anywhere recently appointed two new top executives: James Budge, CFO (former CFO at Pluralsight and Anaplan prior to their IPOs) & Mike Micucci, COO (former Salesforce executive).

4

There have been over 1 million trainings completed for Automation Anywhere’s world-class intelligent automation platform.

5

RPA is fundamentally changing the nature of business processes and generating cost efficiencies, increasing productivity, and allowing human talent to be diverted to higher-value tasks.

6

Today, over 80% of the Fortune Global 2000 companies utilize RPA.

7

Because corporations accelerated RPA deployment in 2020 to make up for pandemic-related restrictions on employee headcount in traditional workspaces, it is likely Automation Anywhere achieved even stronger YoY growth in 2020, approaching $950 million in revenue.

8

With its recent acquisition of FortressIQ—a leading process discovery and mining startup backed by investors like Tiger Global and Microsoft Corp’s M12 fund—Automation Anywhere bolsters its platform with powerful new capabilities that identify new opportunities for automation within existing software-based processes. FortressIQ’s platform reduces the amount of time necessary for process discovery initiatives by up to 90%. This use of Robotic Process Automation allows companies to map out opportunities to streamline operations in weeks rather than months.

9

Automation Anywhere recently claimed to be on track to reach profitability for the first time.

10

In a report released last September, Gartner found that the broader RPA market increased 19.5%, with total revenue anticipated to reach $2 billion in 2021.

11

In October 2022, Automation Anywhere announced that it is has secured $200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital. The financing is intended to provide operational and strategic capital for the next several years.

12

Recent research from Automation Anywhere reveals that automation budgets are dramatically increasing, with more than 77 percent of organizations indicating they will boost their automation budgets in the year ahead. The research also found that cloud-based automations are integral for the 93 percent of organizations that have already adopted a cloud-first approach to automaton.

13

According to CFO James Budge, "Our cloud strategy is working and is efficient, and with over 80% of our business being cloud, our over 50% revenue growth and strengthening margins have risen to the level that we believe $200 million is more than sufficient capital to see us through to profitability."

Industry

Primary Vertical

FinTech

Mosaic Score

100

Money - 100

Momentum - 100

Management - 100

Market - 100

What is a Mosaic Score?

Employees: 500


Key Officers

Name Work History Title Status
officer name 1 Founder Current
officer name 2 Founder Current
officer name 3 Founder Current

Customers

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Key Investors

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Size of Market

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Market Position

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Valuation & Fundraising

Last Round: Jan. 2021, Seed

Valuation Post-Money: $10M

 

Amount Raised: $1M

Total Funds Raised: $10M

 

Linqto Implied Valuation: $10M


Funding Rounds

Date Round Amount Valuation
01/01/2021 Seed $11M $11M
01/01/2021 Seed $11M $11M
01/01/2021 Seed $11M $11M

Valuation Over Time

Linqto Chart

1 buyback

Competitive Landscape

Company Valuation Revenue

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B