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Automation Anywhere secures USD 200 million in financing from Silicon Valley Bank and Hercules Capital

San Jose (California) [US], October 4 (ANI/PRNewswire): Automation Anywhere, Inc., a global leader in Robotic Process Automation (RPA), announced today that it is has secured USD 200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital, Inc. (NYSE: HTGC). The financing is intended to provide operational and strategic capital for the next several years. "We continue to be optimistic about the near-term opportunities for Automation Anywhere, as more companies scale automation and use the flexibility of our cloud platform to mitigate the impact of global events and navigate market challenges," said Mihir Shukla, CEO and co-Founder, Automation Anywhere. "The financing enables us to expand on our mission to unleash human potential by helping every company build a digital workforce and succeed with automation." Recent research from Automation Anywhere reveals that automation budgets are dramatically increasing, with more than 77 per cent of org ....

News Net , News Release Publishing , San Jose California Us , Ctober 4 Ani Prnewswire Automation Anywhere , A Global Leader In Robotic Process Automation Rpa , Nnounced Today That It Is Has Secured Usd 200 Million In Financing From Silicon Valley Bank , Vb Capital , Nd Hercules Capital , Nc Nyse Htgc The Financing Is Intended To Provide Operational And Strategic Capital For Next Several Years Quot We Continue Be Optimistic About Near Term Opportunities Automation Anywhere , S More Companies Scale Automation And Use The Flexibility Of Our Cloud Platform To Mitigate Impact Global Events Navigate Market Challenges , Uot Said Mihir Shukla , Ceo And Co Founder , Utomation Anywhere Quot The Financing Enables Us To Expand On Our Mission Unleash Human Potential By Helping Every Company Builda Digital Workforce And Succeed With Automation Recent Research From Reveals That Budgets Are Dramatically Increasing , Ith More Than 77 Per Cent Of Organizations Indicating They Will Boost Their Automation Budgets In The Year Ahead Research Also Found That Cloud Based Automations Are Integral For 93 Have Already Adopteda First Approach To Automaton Delivers Agility And Flexibility Rapidly Respond Nature Today 39s Quickly Evolving Environments Quot This Partnership Financing With Silicon Valley Bank Hercules Capital , Omplements An Already Strong Balance Sheet , Nd Allows Us To Continue Invest In And Enhance The Best Cloud Native Automation Platform Marketplace Today , Uot Said James Budge , Chief Financial Officer , Utomation Anywhere Quot Our Cloud Strategy Is Working And Efficient , Nd With Over 80 Of Our Business Being Cloud , Ur Over 50 Per Cent Revenue Growth And Strengthening Margins Have Risen To The Level That We Believe Usd 200 Million Is More Than Sufficient Capital See Us Through Profitability Quot It Has Beena Pleasure Work Closely With Mihir , Nd The Automation Anywhere Team Over Past Several Years To Support Their Continued Growth , Uot Said Bob Blee , Ead Of Us Technology Corporate Banking At Silicon Valley Bank Quot Automation Anywhere Isa Leader In Rpa And Is Helping Companies Automate Digitize Enterprise Processes That Increase The Productivity Their Workforce , Igitally Transform Their Business , Nd Become More Resilient The Solutions Automation Anywhere Provides Are Invaluable And We Excited To Continue Support Them As They Accelerate Adoption Of Rpa Quot Gartner Estimates That Could Result Ina Usd 15 Trillion Benefit Global Economy By 2030 In 2022 ,

Automation Anywhere Secures $200 Million in Financing from Silicon Valley Bank and Hercules Capital

SAN JOSE, Calif., Oct. 3, 2022 /PRNewswire/ Automation Anywhere, Inc. ,a global leader in Robotic Process Automation (RPA), announced today that it is has secured $200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital, Inc. (NYSE: HTGC). The financing is intended to provide operational and strategic capital for the next several years. "We continue to be optimistic about the near-term opportunities for Automation Anywhere, as more companies scale automation and use the flexibility of our cloud platform to mitigate the impact of global events and navigate market challenges," said Mihir Shukla, CEO and co-Founder, Automation Anywhere. "The financing enables us to expand on our mission to unleash human potential by helping every company build a digital workforce and succeed with automation." Recent research from Automation Anywhere reveals that automation budgets are dramatically increasing, with more than 77 percent of organizations ind ....

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