Robotic processing company Automation Anywhere has raised $300 million in Series A funding from SoftBank’s Vision Fund.

The California-based firm’s software makes use of artificial intelligence (AI) enabled bots to automate repetitive manual and administrative tasks and drive efficiencies which scale business processes.

The firm has rolled out its automated technology solution to more than 1,400 organisations since it was founded in 2003 and claims that its software can help to achieve ‘near-zero error rates’ through a combination of Robotic Process Automation (RPA), cognitive and embedded analytic technologies, to free up time for employees to do more challenging and fulfilling work.

The company uses its range of AI-driven software to help companies build an “Intelligent Digital Workforce” to work alongside human employees.

The cash injection from SoftBank’s Vision fund brings Automation Anywhere’s total funding to more than $500 million for this round.

SoftBank has recently been reported to be in high profile talks with leading FinTech firms, including Revolut and challenger bank Oak North. One of the world’s largest investors in tech startups, SoftBanks’ Vision Fund has a minimum investment of $100 million.

Announcing the funding, Mihir Shukla, chief executive of Automation Anywhere, said the funding will help the company with its plans to grow into a company that brings “AI to millions”.

“RPA is the most pervasive and frictionless path to delivering AI technologies across the enterprise, and is revolutionizing the way people work,” he said.

Shukla added: “Like the introduction of the PC, we see a world where every office employee will work alongside digital workers, amplifying human contributions. Today, employees must know how to use a PC and very soon employees will have to know how to build a bot.”

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