Robotic Process Automation was the name of the game in enterprise software recently – with organizations that use advances in automated learning algorithms and other types of AI, as well as large data analyzes to speed up everything from performing worldly tasks to more complex business decisions.
To highlight the opportunity and market growth, today's start-up in the broader sector of automation of the process announces a large fundraising. Signavio, A company founded in Berlin that provides tools for managing business operations – providing "P" in RPA, "as the company describes – got an investment of $ 177 million, as we understand is a $ 400 million valuation.
This tour is great on its own, but more so given that before this company – founded in 2009 – has just lifted About 50 million Before now, according to data from PitchBook. This latest capital injection is led by Apax Digital (Apax Partners Equity Equity Group), with DTCP. It notes that Summit Partners for existing investors also retain a stake in the business through this transaction.
The company was founded by a team of malignancy from the Hasso Plattner Institute in Potsdam, Germany, who used their research there to create the world First Web Forms Designer for Business Process Management and Analysis as a template for Signavio's Operations Manager. (It seems that the name "Signavio" represents a "way to move through signals", which basically explains what the BPM aims to do to help the company make decisions.)
This is partly due to the fact that little money has been raised, Signavio was under the radar to some extent, but it has seen a tremendous amount of growth. Revenue in the past 12 months has increased by more than 70% and is used by more than 1 million users across 1300 customers – with clients such as SAP, DHL, Liberty Mutual, Deloitte, Comcast and Puma. This site is Silicon Valley's second major headquarters these days, and this track will be further pursued with this latest financing: Signavio says that funding in part will be heading towards international business expansion.
"10 years ago, we embarked on a journey to address time-consuming practices that limit labor productivity," said Dr. Jiro Decker, CEO and co-founder of Signavio. "This important new investment proves our approach to solving business problems faster and more efficiently, unleashing the strength of the process through our unique business transformation suite." We are delighted to welcome Apax Digital as our new key partner and look forward to leveraging our success even Now by leveraging the operational capabilities of our partners and global platforms for our international expansion. "
The other area of investment is the technology wing of the company. While BPM They existed for years as a concept – and already there Number of other companies Which provides tools that are sometimes compared to Signavio tools from large companies such as IBM, Microsoft to Kissflow, etc. – what is interesting is how recently it has been of great interest as enterprises are increasingly adding more automation to their IT infrastructure. Necessary for more of the earthly back office tasks, partly to reduce costs and speed up operations.
Automated process automation companies like UiPath and Blue Prism bring some of the same processing tools to the Signavio table, although the argument is that the latter – which they say helps to "extract, design, monitor, manage, and maintain customers' data – provides a more sophisticated level of data Can be used for RPA, or for other purposes. (It also works with many adult RPA players, especially Blue Prism but also UiPath and Automation Anywhere.)
"Companies are becoming more global, more workforce is distributed, business operations are becoming more complex," said Daniel O'Keefe, managing partner, and Mark Pitt, managing director of Apax Digital, in a joint statement. "Signavio's Cloud Suite allows employees across an enterprise to collaborate and transform their business by digitizing, optimizing and ultimately automating their operations, and we are very excited to partner with Signavio and support their vision." The two will also join the Council of Signavio on this tour.