Despite an extremely unsettled business environment, companies are trying to position themselves for life after Covid-19. With organizations perhaps having to find ways to control costs in the lean months ahead, RPA could be positioned as well as any industry to benefit from a resumption of normal business. To that end, London-based RPA provider Blue Prism announced it secured £100 million ($123 million) in new funding.
The company said it will use the capital to strengthen its balance sheet in a challenging environment while it continues to invest in developing its technology.
“In this environment, our Digital Workers are arguably more important than ever in driving organizational adaptation and resilience, and our role as a strategic technology partner to our customers in many ways becomes more emphasized,” said Jason Kingdon, executive chairman and CEO of Blue Prism. “The capital raised positions us a strong partner to our enterprise customers as they increasingly look to securely scale beyond a simple Proof of Concept while leveraging leading-edge AI and cognitive capabilities.”