Automation Anywhere

Pre-IPO

A platform where users can create their own bots in minutes to automate any business processes.

Mark Price
$30 +100% a year
Annual Price chg.
+100%
Valuation
$6.80B
Funds Raised
$853M
Last Round
$290M 2021
Round Date
2021, B

About the Company

Automation Anywhere provides an intelligent automation platform to automate any business process. The service allows businesses to spend less time and resources on routine tasks and redirect high-value human capital to core activities.

The company has deployed nearly 3 million bots to support large and medium-sized businesses in finance, insurance, healthcare, technology, manufacturing, telecommunications and logistics in more than 90 countries. It counts a number of high-profile companies as clients: Anheuser-Busch, Dell, Qualcomm, Accenture, Boston Scientific, Comcast, Cisco, Coca-Cola Japan, Cognizant, Ernst & Young, KPMG, LinkedIn, PwC, Siemens, VW.

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Business Growth Phase

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Market Opportunities

According to Gartner, the robotic process automation (RPA) software market grew 31% in 2021 to $2.4B and held its position as the fastest-growing segment in the enterprise software market. Automation Anywhere named a Leader in the 2022 Gartner Magic Quadrant for RPA 4th year in a row.

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The global robotic process automation market size is expected to reach $30.85B by 2030, registering a CAGR of 38%. Half of U.S. healthcare providers will invest in RPA in the next three years. Wikibon forecasts a market valuation of around $75B a year by 2025, suggesting the RPA market is actually more likely to be undervalued at this time.

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Financials and Valuation

Automation Anywhere has secured a total of $852.7M in funding from SoftBank, Salesforce Ventures (lead investor), Goldman Sachs, Workday Ventures, New Enterprise Ventures. Its latest funding in November 2019 brought the company’s valuation to $6.8B.

The latest available public data on the company’s revenue is for 2018: it grew from $74M to $108.4M, a growth clip of 46.5%. The number of customers doubles on a year-to-year basis. Automation Anywhere ranked second in the RPA market in 2019 with a 12.8% share.

Risks

Competitors may stunt the company’s development in the future. UiPath (market leader), Blue Prism, Softomotive (acquired by Microsoft) are seen as the company’s biggest rivals.

The RPA market is comparably young – there is a chance that analysts and venture capitalists are overestimating the growth potential of this industry.

Automation Anywhere hasn’t disclosed its financial performance. It is unknown if the company is currently profitable and if there’s any tendency toward profitability.

Low liquidity: investing in private companies at the pre-IPO stage is an opportunity to make money over a few years. If you exit early, the price may be significantly different from the purchase price or the selling process may take more than 1 month.