Automation Anywhere
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Company History
Founded 2003 in San Jose, California, United States
Mihir Shukla, Ankur Kothari, Neeti Mehta Shukla, and Milan Parikh establish Tethys Solutions in Silicon Valley, developing early Windows desktop task automation utilities.
Company renames itself to Automation Anywhere, shifting focus toward centralized enterprise IT orchestration and automated script execution engines.
Introduced centralized web-based Control Room for enterprise security, role-based access control, credential vaulting, and compliance logging for hundreds of bots.
Raised $550 million in Series A funding led by SoftBank Vision Fund, General Atlantic, and Goldman Sachs at a $2.6 billion valuation, ending 15 years of self-funding.
Closed $290 million Series B funding led by Salesforce Ventures, with participation from SoftBank and SVB Capital, escalating post-money valuation to $6.8 billion.
Launched complete re-architecture of the platform into a multi-tenant cloud-native microservices system operating entirely inside modern web browsers without client fat binaries.
Acquired FortressIQ to integrate process discovery, auto-generating process definition documents and bot workflows from live business user desktop sessions.
Announced achievement of GAAP profitability and positive operational cash flow for Q4 FY2024, driven by cloud ARR expansion and disciplined operational expenditure.
Released AI Agent Studio, enabling enterprises to build, govern, and orchestrate autonomous generative AI agents connected to enterprise business workflows.
Acquired computer-vision based automated process discovery and mining leader to map end-to-end enterprise workflows without requiring log integrations.
Acquired Paris-based attended automation orchestrator to pioneer seamless human-to-bot desktop collaboration in contact centers and back-office banking.
Since its establishment in 2003, Automation Anywhere expanded from an early-stage venture into a recognized leader in Enterprise Software, Robotic Process Automation (RPA), Intelligent Automation & AI Agents, overcoming key market challenges.
Over its history, Automation Anywhere executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Automation Anywhere maintains resilience through changing technological and economic cycles.