Automation Anywhere has $100 million to grow

BENGALURU: SoftBank-backed Automation Anywhere plans to invest $100 million over three-five years to expand its capacities in India with the country emerging as the second largest market for the company.The robotic process automation (RPA) major said it would set up more research and development centres in India and focus on training more people in automation, apart from creating a partner ecosystem to boost automation.So far, the company has raised more than $500 million, while $300 million was raised in the latest round through a SoftBank Vision Fund investment.As part of the expansion plan, Automation Anywhere would strengthen its presence in Bengaluru, Mumbai and Vadodara and open new offices in Delhi, Hyderabad, Chennai and Pune.Currently, the company has three engineering centres in India – two in Bengaluru and one in Vadodara. It also plans to open a new product engineering centre in Pune by the end of 2019 to expand its R&D footprint.

from Economic Times https://ift.tt/2ZqgVDG