Funding round
Automation Anywhere Series A
Automation Anywhere, which works in process automation software development in San Jose, raised $300M in a Series A round announced on 15 Nov 2018, at a $2.60B post-money valuation. 1 firm took part. It is Automation Anywhere's first venture round on record.
$300M
Amount raised
$2.60B
Post-money valuation
$2.30B pre-money
1
Investors
no lead named
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Automation Anywhere at $2.60B after the new money. The $300M bought investors about 12% of the company. It is Automation Anywhere's first venture round on record, 15 years after it was founded in 2003. It is 38% of the $790M Automation Anywhere has raised in the venture rounds on record. Automation Anywhere raised again 12 months later: a Series B round of $290M in Nov 2019, at $6.80B post-money.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
890 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 38 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Nov 2018 | $60M | not disclosed | Jungle Ventures |
| Tech Companies | 8 Nov 2018 | $25M | not disclosed | Accel |
| Tech Companies | 13 Nov 2018 | $22M | not disclosed | Macquarie |
| Tech Companies | 21 Nov 2018 | $18M | not disclosed | Greycroft and Gradient |
| Tech Companies | 16 Nov 2018 | $16M | not disclosed | Galaxy |
| Tech Companies | 15 Nov 2018 | $16M | not disclosed | Canaan |
| Thought Machine Tech Companies | 8 Nov 2018 | $14M | not disclosed | Lloyds Banking Group |
| Tech Companies | 28 Nov 2018 | $13M | not disclosed | Investec Bank |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Automation Anywhere raise in its Series A round?
Automation Anywhere raised $300M in its Series A round, announced in Nov 2018.
Which investors took part in Automation Anywhere's Series A round?
SoftBank Vision Fund.
What was Automation Anywhere's valuation at the Series A round?
$2.60B post-money ($2.30B pre-money).
How does it compare with other Series A rounds in Tech Companies?
890 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 38 times the median.
Did Automation Anywhere raise again after this round?
Yes: a Series B round in Nov 2019 of $290M at $6.80B post-money.