Mihir Shukla, CEO & Co-Founder, Automation Anywhere, sits down with Jeff Frick at Automation Anywhere's Imagine 2019 at the New York Marriott Marquis
https://siliconangle.com/2019/04/22/automation-for-all-rpa-startup-charts-its-course-as-money-customers-and-partners-flow-in-aaimagine-guestoftheweek/
Automation for all: RPA startup aims to bring AI to everyone
Some hot tech startups attract a lot of money. A few attract partnerships from major industry players eager to get a piece of the action before the big money moves in.
And then there is that seldom-seen third option, where a robotic process automation startup attracts significant investment, inks key strategic agreements with partners and system integrators and attracts more than 2,800 customers worldwide while accumulating major market share.
This is the rarefied air in which Automation Anywhere Inc. finds itself today. The RPA and artificial intelligence company announced last week that it expects to deploy nearly 3 million bots by 2020 and claimed 85% of the world’s top tech firms, 85% of leading financial institutions and 90% of major healthcare providers as customers.
All of this follows a Series A investment round of $550 million, funded separately last July and November, one of the 10 largest venture investments made during a very active 2018.
What is powering Automation Anywhere’s rise is a fervently held belief that it has tapped into the rich vein of success that has accompanied only a few major technology adoptions in the past, such as the introduction of the personal computer and the internet.
“It’s available to anyone and any profile of people, it’s available anywhere on any device, and it’s available for any sized company,” said Mihir Shukla (pictured), co-founder and chief executive officer of Automation Anywhere. “When you look at any technology that has made millions of lives better, it had these three characteristics in common. Our mission is to make the power of RPA and AI reach millions of people and make their lives better.”
Shukla spoke with Jeff Frick, host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during the Automation Anywhere Imagine event in New York City. They discussed Automation Anywhere’s recent news and product offerings, the important role of developers, how AI is transforming enterprise workflows, plans for capital investment and continued growth of the partnership portfolio (see the full interview with transcript here). (* Disclosure below.)
This week, theCUBE features Mihir Shukla as its Guest of the Week.
Automation for free
One way that Automation Anywhere makes people’s lives better is to offer its technology for free. Last month, the company released a no-cost Community Edition of its software for developers, small businesses and students. The offering provides full access to Automation Anywhere’s suite of products, which includes RPA, Bot Insight, IQ Bot and the Bot Store.
“We believe that students are our future, and they will take this technology forward,” Shukla said. “It seemed like the right place to invest and enable them with the next set of technologies.”
Aside from offering its technology to students and small businesses, the company’s move to entice developers represents a carefully crafted approach to address the realities of a fast-moving industry. One analyst defined the global RPA market as a $100 billion opportunity, and Gartner Inc. has predicted that by the end of 2022, 85% of large enterprises will have adopted the technology in some form.
That’s growth worth pursuing, and Shukla’s company is anticipating that developers will be focused not only on processes currently ripe for automation, but those that have not even been realized yet. Over the next three to five years, at least a third of the products and services that will require automation are not part of our lives today, according to Shukla.
“Developers are an amazing asset; they will find these new ways that none of us know about,” he stated. “We thought they would love the power of this combined platform that’s not available anywhere else. They will create this new future in front of our eyes.”
Wide range of use cases
How are companies currently using RPA technology? A look at the case histories provided on Automated Anywhere’s website show a wide range of purposes, ranging from automating wagering data flows between systems in an example provided by the U.K.-based Satellite Information Services to accurately transferring 30 years of patient data at the Family Medical Center in Kentucky.
......................
(* Disclosure: TheCUBE is a paid media partner for the Imagine event. Neither Automation Anywhere, the sponsor for theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
#theCUBE @Automation Anywhere #AutomationAnywhere #SiliconANGLE @theCUBE #theCUBE @SiliconANGLE theCUBE @Automation Anywhere @SiliconANGLE theCUBE
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Mihir Shukla, Automation Anywhere | Imagine 2019
Mihir Shukla, CEO & Co-Founder, Automation Anywhere, sits down with Jeff Frick at Automation Anywhere's Imagine 2019 at the New York Marriott Marquis
https://siliconangle.com/2019/04/22/automation-for-all-rpa-startup-charts-its-course-as-money-customers-and-partners-flow-in-aaimagine-guestoftheweek/
Automation for all: RPA startup aims to bring AI to everyone
Some hot tech startups attract a lot of money. A few attract partnerships from major industry players eager to get a piece of the action before the big money moves in.
And then there is that seldom-seen third option, where a robotic process automation startup attracts significant investment, inks key strategic agreements with partners and system integrators and attracts more than 2,800 customers worldwide while accumulating major market share.
This is the rarefied air in which Automation Anywhere Inc. finds itself today. The RPA and artificial intelligence company announced last week that it expects to deploy nearly 3 million bots by 2020 and claimed 85% of the world’s top tech firms, 85% of leading financial institutions and 90% of major healthcare providers as customers.
All of this follows a Series A investment round of $550 million, funded separately last July and November, one of the 10 largest venture investments made during a very active 2018.
What is powering Automation Anywhere’s rise is a fervently held belief that it has tapped into the rich vein of success that has accompanied only a few major technology adoptions in the past, such as the introduction of the personal computer and the internet.
“It’s available to anyone and any profile of people, it’s available anywhere on any device, and it’s available for any sized company,” said Mihir Shukla (pictured), co-founder and chief executive officer of Automation Anywhere. “When you look at any technology that has made millions of lives better, it had these three characteristics in common. Our mission is to make the power of RPA and AI reach millions of people and make their lives better.”
Shukla spoke with Jeff Frick, host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during the Automation Anywhere Imagine event in New York City. They discussed Automation Anywhere’s recent news and product offerings, the important role of developers, how AI is transforming enterprise workflows, plans for capital investment and continued growth of the partnership portfolio (see the full interview with transcript here). (* Disclosure below.)
This week, theCUBE features Mihir Shukla as its Guest of the Week.
Automation for free
One way that Automation Anywhere makes people’s lives better is to offer its technology for free. Last month, the company released a no-cost Community Edition of its software for developers, small businesses and students. The offering provides full access to Automation Anywhere’s suite of products, which includes RPA, Bot Insight, IQ Bot and the Bot Store.
“We believe that students are our future, and they will take this technology forward,” Shukla said. “It seemed like the right place to invest and enable them with the next set of technologies.”
Aside from offering its technology to students and small businesses, the company’s move to entice developers represents a carefully crafted approach to address the realities of a fast-moving industry. One analyst defined the global RPA market as a $100 billion opportunity, and Gartner Inc. has predicted that by the end of 2022, 85% of large enterprises will have adopted the technology in some form.
That’s growth worth pursuing, and Shukla’s company is anticipating that developers will be focused not only on processes currently ripe for automation, but those that have not even been realized yet. Over the next three to five years, at least a third of the products and services that will require automation are not part of our lives today, according to Shukla.
“Developers are an amazing asset; they will find these new ways that none of us know about,” he stated. “We thought they would love the power of this combined platform that’s not available anywhere else. They will create this new future in front of our eyes.”
Wide range of use cases
How are companies currently using RPA technology? A look at the case histories provided on Automated Anywhere’s website show a wide range of purposes, ranging from automating wagering data flows between systems in an example provided by the U.K.-based Satellite Information Services to accurately transferring 30 years of patient data at the Family Medical Center in Kentucky.
......................
(* Disclosure: TheCUBE is a paid media partner for the Imagine event. Neither Automation Anywhere, the sponsor for theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
#theCUBE @Automation Anywhere #AutomationAnywhere #SiliconANGLE @theCUBE #theCUBE @SiliconANGLE theCUBE @Automation Anywhere @SiliconANGLE theCUBE
