San Jose-based Automation Anywhere, one of the top five global leaders in Robotic Process Automation (RPA) for enterprises, is on an expansion mode to tap the growing opportunity for automation.
The increasing demand its Intelligent Digital Workforce Platform, currently used by over 1,100 global customers across industry verticals, has prompted the company to open up 2,000 new job requisitions, of which over 400 are open positions for India to be filled by 2019.
Automation Anywhere is on a global expansion spree with plans to ramp up its presence to over 35 offices over the next four months. It now has 19 offices — including three in India. The expansion comes on the heels of one of the largest Series A rounds on record for an enterprise software company of $250 million, its first round of funding since inception, taking Automation Anywhere’s post-money valuation to $1.8 billion.
“We see India emerging as the automation hub of the world in the near future. This is a huge opportunity for India much like China is the manufacturing hub of the world,” said Mihir Shukla, Co-Founder and CEO.
Automation helped China become the manufacturing capital of the world with 60 per cent of the goods being manufactured there. Similarly, 15 per cent of business processing happens out of India at present. With automation it has the opportunity to lead in this space.
RPA is a fast-evolving technology which uses software robots (bots) to automate business processes that have never been automated by traditional technology platforms. Automation Anywhere’s Intelligent Digital Workforce Platform combines cognitive automation and analytics to drive productivity and business process accuracy.
Ankur Kothari, Co-Founder and Chief Revenue Officer, said, “Demand for RPA solutions in India has increased exponentially over the last few years due to significant adoption by GICs, corporates, IT service providers, public sector, BFSI, FMCG, manufacturing and retail.”
The demand for RPA will create 3 lakh new jobs such as Bot builder, Bot analyst and Bot architect in the next 18 months, he said, “we plan to double our India headcount by 2019.”
The company is doubling its R&D investments, tripling its headcount to 3,000by 2019 and planning acquisitions in the AI space.