What the Technology Can Do
RPA (robotic process automation) has become one of the hottest categories for venture capital investment. In November 2018, Automation Anywhere announced that the Softbank Vision Fund invested $300 million in the start-up.1 But it was not the only amount. The Series A round was actually over $500 million and included strategic investors like Workday, which is a top cloud-based ERP (enterprise resource planning) operator. The managing director and cohead of the Workday Ventures arm noted: “RPA is becoming a bigger focus for our customers, which is why it’s important ...
