Tracxn - Robotic Process Automation Startup Landscape

AUGUST 2018
ROBOTIC PROCESS AUTOMATION

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Robotic Process Automation - Aug 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on August 14, 2018.
Robotic Process Automation Feed Summary
4
Robotic Process Automation > Feed Summary
RPA software are essentially software "robots" that automate rule-based clerical processes. RPA software “robots” are able to perform routine business processes
by mimicking the way that people interact with applications through a user interface and also by following simple rules to make decisions. An RPA tool operates
by mapping a process in the RPA tool for the software "robot" to follow computer pathways between screens and various data repositories.
• Inclusions: Companies which are developing RPA software and
selling it to the business customers. These software are classified into
three categories- basic automation, enhanced automation, and cognitive
automation. Basic automation software are script/macro based, which
automate simple repetitive tasks such as data capture, data inference
from application inferences, and do not require significant IT
participation. Enhanced automation software handle complex tasks
such as pattern recognition, scheduling, document digitization, semi-
structured and unstructured document processing. Cognitive
automation software uses advanced AI, ML, text analysis algorithms to
automate tasks which require decision making capabilities.
• Exclusions: RPA software resellers, implementation, advisory, and
support services providers.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$1.3B
Funding
11
Mega
Companies
61144
FundedCovered on
Tracxn
2
Unicorns
2
Soonicorns
5
Minicorns
6
IPO’d Cos
35
Late Stage Cos
15
8
Acquisitions
3
DeadPooled
12
Acquihired
Series A+ Cos
Upland Software
(2010, Austin, $31.4M)
Rimilia
(2008, Bromsgrove, $25M)
UiPath
(2005, Bucharest, $150M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Robotic Process Automation
5
$250M - Series A
Automation Anywhere (2006, San Jose,
$250M)
$30M - Series A
UiPath (2005, Bucharest, $150M)
$120M - Series B
$25M - Series B
Ripcord (2015, Hayward, $74.5M)
$50M - Series E
WorkFusion (2010, New York City, $121M)
$25M - Series B
$50M - Series B
Receipt Bank (2011, London, $65M)
$25M - Series B
Rimilia (2008, Bromsgrove, $25M)
$35M - Series D
$14.7M - PE
Resolve Systems (2008, Irvine, $14.7M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Robotic Process Automation > Feed Summary > Investment Trend Summary
Seed Benhamou Global Ventures (#1), Finaves (#1), Icebreaker (#1)
Series A/B Kennet Partners (#2), Kleiner Perkins (#2), Vertex Ventures (#2)
Series C+
Elvaston Capital Management (#1), Georgian Partners (#1), HCAP
Partners (#1)
Incubators The Hive (#2), Axilor Ventures (#1),
Other Notable
Investors
Velocity Fund Finals (#2), Third Kind Venture Capital (#1),
91springboard (#1)
Debt Investors
Silicon Valley Bank (#2), Kohlberg Kravis Roberts (#1), St. Cloud
Capital (#1)
Most Active InvestorsRecent Investments
10
8
12
17
11
1
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 8 3 12 5 14 11
$34M
$70M
$199M
$59M
$239M
$457M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$857M
$379M
$36.1M
$16.7M
$2.3M
US
Europe
India
Canada
Israel
$ Funding

Summary of exit outlook in Robotic Process Automation
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Accel Partners 1 UiPath (2005, Bucharest, $150M)
Activant Capital 1 Upland Software (2010, Austin, $31.4M)
Austin Ventures 1 Upland Software (2010, Austin, $31.4M)
CapitalG 1 UiPath (2005, Bucharest, $150M)
Credo Ventures 1 UiPath (2005, Bucharest, $150M)
Jul 2018 Syntel Acq by Atos for $3.6B
Dec 2016 Automic Acq by CA Technologies for $641M
Apr 2016 OpenSpan Acq by Pegasystems for $52M
Sep 2014 TriZetto Acq by Cognizant for $2.7B
Dec 2009 Opalis Acq by Microsoft
Apr 2009 Tidal Software Acq by Cisco for $105M
Jun 2003 Jareva Technologies Acq by Veritas for $62M
Robotic Process Automation > Feed Summary > Exit Outlook Summary
Cisco 1 Tidal Software (Apr 2009, $105M)
Microsoft 1 Opalis (Dec 2009)
CA Technologies 1 Automic (Dec 2016, $641M)
Insight Venture
Partners
1 Resolve Systems (May 2017)
Atos 1 Syntel (Jul 2018, $3.6B)
Recent IPOs Top Acquisitions
Jacada Oct 1999
Software solution for customer self servi…
IPO MCap: - Current MCap: -
NICE Systems Jan 1996
Intent-based solutions to capture and ana…
IPO MCap: - Current MCap: -
Cicero Jul 1995
Back office and contact center analytics
IPO MCap: - Current MCap: $1.5M
Blue Prism Mar 2016
Robotic process automation for enterprise…
IPO MCap: $186M Current MCap: -
Upland Software Nov 2014
Cloud-based enterprise work management so…
IPO MCap: $172M Current MCap: $702M
Datamatics Global Services May 2004
IT, F&A and research and analytics servic…
IPO MCap: - Current MCap: $101M

For any Feedback and Query reach out to MyAnalyst@tracxn.com.
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
FACTSHEET
Feed Report - Robotic Process Automation - Aug 20187 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Overview
Companies 144
Funded 61 Series A+ 35
Funding $1.3B Last 2 yrs $714M
Most Active Investors
Seed Benhamou Global Ventures (1)
Series A/B Kennet Partners (2)
Series C+ Elvaston Capital Management (1)
Others Velocity Fund Finals (2)
Incubators The Hive (2)
Top Cities
Bay Area 11 Cos $393M
Bellevue 3 Cos $181M
Feed in Numbers
Unicorns 2 Soonicorns 2
Minicorns 5 Editor Picks 20
Acquihired 12 Deadpooled 3
Top Companies
Upland Software (2010, Austin, $31.4M)
Exits
IPOs 6 Blue Prism, Upland
Software
Acquisitions 8 Syntel, TriZetto
Top Acquirers Cisco, Microsoft
Marketmap: Robotic Process Automation
BASIC AUTOMATION
BASIC AUTOMATION
ENHANCED AUTOMATION
MULTI-FUNCTION
IT OPS
FINANCE & ACCOUNTING
DOCUMENT PROCESSING
COGNITIVE AUTOMATION
MULTI-INDUSTRY*
FINANCIAL SERVICES*
Robotic Process Automation > Feed Summary > BlueBox

Key Sub Sectors in Robotic Process Automation Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Cognitive Automation > Multi-Industry >
Multi-Function 30 $518M 8
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Cognitive Automation
Companies offering a platform to automate decision-
making tasks using cognitive technology
55 27 $819M
Enhanced Automation
Companies offering a platform to process
unstructured data like emails, quotations, images and
automate associated processes
58 27 $419M
Basic Automation
Companies that use macros/scripts to automate
repetitive tasks such as data capture or data inference
from application interfaces
30 7 $83.2M
Robotic Process Automation > Feed Summary > Summary of Key Markets

List of Notable Companies in Robotic Process Automation
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Robotic Process Automation > Feed Summary > Notable Companies in the Sector
Public
Blue Prism
(2001, London, $33.5M)*
Upland Software
(2010, Austin, $31.4M)
Datamatics Global
Services
(1975, Mumbai, $3M)
Cicero
(1988, Cary, $1M)
Jacada
(1990, Herzliya)
NICE Systems
(1986, Ra'anana)
Acquired
Syntel
(1980, Troy)
TriZetto
(1997, Greenwood Village,
$10.5M)
Automic
(1985, Bellevue)
Tidal Software
(2003, Palo Alto, $16.5M)
Unicorns
UiPath

List of Notable Companies by Market in Robotic Process Automation
Notable Companies by Market (1/2)
11
Robotic Process Automation > Feed Summary > Notable Companies by Market
Basic Automation
Multi-Industry
Cicero (1988, Cary, $1M)
Stage: Public
Jacada (1990, Herzliya)
Software solution for customer self service and
agent assisted interactions
Stage: Public
Israel Growth Partners, Gemini Israel Ventures,
Jerusalem Venture Partners and 1 Other Investors
NICE Systems (1986, Ra'anana)
Intent-based solutions to capture and analyze client
interactions and transactions for businesses
Stage: Public
Enhanced Automation
Multi-Industry
Blue Prism (2001, London, $33.5M)
Robotic process automation for enterprises
Stage: Public
Herald Investment Management, Enterprise
Ventures
Cloud-based enterprise work management
software
Editor's Pick. Stage: Public
Wells Fargo Capital Finance, CIT Bank, Goldman
Sachs Bank USA and 6 Other Investors
Tidal Software (2003, Palo Alto, $16.5M)
Application workload automation
Stage: Acquired
JPMorgan, Novus Ventures, VantagePoint Capital
Partners and 2 Other Investors
Multi-Industry
Incident resolution automation and network
assurance solutions provider
Soonicorn. Stage: Acquired
St. Cloud Capital, HCAP Partners, Solis Capital
Partners
Automic (1985, Bellevue)
Business and IT process automation in on-premise
and in the cloud
Stage: Acquired
Zobito, OpenOcean, Idinvest Partners
Syntel (1980, Troy)
IT automation services, recursive, and intelligent
automation using SyntBots
Stage: Acquired

List of Notable Companies by Market in Robotic Process Automation
Notable Companies by Market (2/2)
12
Robotic Process Automation > Feed Summary > Notable Companies by Market
Multi-Industry
Robotic process automation software
Unicorn. Stage: Series B
Accel Partners, Credo Ventures, Earlybird Venture
Capital and 3 Other Investors
Arago (1995, Frankfurt Am Main, $55M)
AI based business process automation solution
Soonicorn. Stage: Funded
Kohlberg Kravis Roberts
Datamatics Global Services (1975, Mumbai,
$3M)
IT, F&A and research and analytics services
Stage: Public
IL&FS Investment Managers

Recent News in Robotic Process Automation Sector
Recent News
13
Aug 2018
Retail Cloud Market Report 2018-2025: Syntel, Rapidscale,
Retailcloud, Retail Solutions, Softvision, iCrowdNewswire
Aug 2018
Global Artificial Intelligence Software Market Growth Analysis By
Top Key Players Like H2O, Braina, nanoRep, IPsoft and Others 2018
– 2025, iCrowdNewswire
Aug 2018
Kim Technologies Signs 10 Year Contract with Riverview Law, PR
Newswire
Aug 2018 NICE-Systems beats by $0.04, beats on revenue, Seeking Alpha
Aug 2018 Upland Software misses by $0.01, beats on revenue, Seeking Alpha
Aug 2018
TCS software product ignio eyes $100 million revenue in two years,
Indiatimes
Aug 2018
TCS in talks with other software majors to market its automation
software, Business Line
Aug 2018 Meet Amelia: IPsoft Shows Off Its Human AI Platform, CRN
Aug 2018
NICE Extends Tender Offer for All Outstanding Shares of
Mattersight Corporation, Business Wire
Aug 2018
Finesse, UiPath partner to offer Robotic Process Automation
services, Tahawul Tech
Aug 2018
NICE Named the Market Share Leader in Workforce Management by
DMG Consulting, Citybizlist
Aug 2018
UiPath and Ubiquity join forces to take RPA to the next level, Algos
Online
Aug 2018 Intradiem Announces Partnership with AXA, directorsclub.news
Jul 2018 Atos-Syntel deal may spark mid-tier IT buyouts, Indiatimes
Key Recent News Key Recent News
Jul 2018
Local IT services company signs partnership with UiPath, Romania
Insider
Jul 2018
KPMG in India Partners with UiPath to Empower Clients to Plan for
a Digital Future through Intelligent Automation, Business Wire India
Jul 2018
Proptech company Leverton teams up with Savills Studley,
propertyEU
Jul 2018
NICE Wins Technology Project of the Year at the Retail Systems
Awards 2018, Citybizlist
Jul 2018 Deloitte Announces Alliance With Blue Prism, Citybizlist
Jul 2018
Kryon Brings Former Automation Anywhere COO, Richard French,
on Board as Chief Revenue Officer, PR Newswire
Jul 2018
AntWorks™ Announces Series A Funding With Strategic Investment
by SBI Holdings, Inc., PR Newswire
Jul 2018 Syntel Reports Second Quarter 2018 Financial Results, Seeking Alpha
Jul 2018
WeissLaw LLP: Syntel, Inc. Acquisition May Not Be In The Best
Interest of SYNT Shareholders, PR Newswire
Jul 2018
NICE Nexidia Adds Rosette Text Analytics to Enhance Search
Speeds, directorsclub.news
Jul 2018
Infosys partners with Ayeyarwaddy Farmers Development Bank,
Myanmar, Business Standard
Jul 2018
TimelinePI Partners with Blue Prism to Accelerate Digital
Transformations for Customers with Enterprise-class Robotic
Process Automation (RPA), PRWeb
Robotic Process Automation > Feed Summary > Recent News

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
14
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$2M $5M
$34M
$70M
$199M
$59M
$239M
$457M
0
2
4
6
8
10
12
14
16
$0k
$50M
$100M
$150M
$200M
$250M
$300M
$350M
$400M
$450M
$500M
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in Robotic Process Automation; 2011-2018
Global Funding Trends (1/2)
16
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Robotic Process Automation > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 67% # of Rounds117% $ Funding
38% # of Rounds
51% $ Funding

$2M
$250K
$3M $5M
$34M
$15M
$29M
$28M $190M
$402M
$5M $55M $167M $31M $50M $50M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
1 2 1 3 1 4
6
1
5
3
9
6
1 2 1 4 2 4 1
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
2
11
Total # of Rounds
$0K $0K $0K
$55M
$153M
$31M
$190M
$420M
0
1
2
3
4
5
6
7
0
50000000
100000000
150000000
200000000
250000000
300000000
350000000
400000000
450000000
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
17
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Robotic Process Automation; 2011-2018
Robotic Process Automation > Investment Trends > Global Funding Trends
1
5
1
4
1
6
7
25
$2.3M $10.2M
$0.0M
$5.0M
$10.0M
$15.0M
$20.0M
$25.0M
$30.0M
$35.0M
$40.0M
$45.0M
0
5
10
15
20
25
30
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
- - - 1 1 1 6 3 $2.3M $1.6M - $4.4M $10M $13.1M $40.2M $10.2M
$2M
$457M
Total $ Invested

Robotic Process Automation > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Robotic Process Automation
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 393M 18
Bellevue 181M 5
New York City 150M 9
Bucharest 150M 2
London 123M 6
Alpharetta 64M 13
Frankfurt Am
Main
55M 1
Austin 31.4M 2
Bromsgrove 25M 1
Mississauga 16.7M 2
Total Funding
34
17
9
3
2
1
1
# Rounds
$857M
$379M
$36.1M
$16.7M
$2.3M
$1.1M
$250k
US
Europe
India
Canada
Israel
New
Zealand
Australia
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$2.3
$0.0 $0.3 $0.0
$1.6
$0.0 $0.0
2011 2012 2013 2014 2015 2016 2017
$0.0 $0.0
$4.0
$0.0
$8.2
$14.0 $13.9
$0.0 $0.0
$8.6
$15.0
$6.1
$0.0
$24.7
$0.0 $5.0 $0.0
$55.0
$83.7
$30.5 $24.8
Robotic Process Automation > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Robotic Process Automation; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$10K* $3M
$2.1M $250M
$1M $120M
$5M $153M
$32.8M
$15M
$10M
$2M
Series C+
Series B
Series A
Seed
Stage

Note: 20 companies with undisclosed funding amount are not included
20
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
3
11
20
3
4
No. of Companies
Robotic Process Automation > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Robotic Process Automation; as of Aug 2018
Distribution of companies by Funding Range
$510K
$29M
$406M
$195M
$691M
$ Investment

Stage No. of Companies
Funding
Funnel
100%
42%
24%
19%
10%
21
Note: Numbers in the brackets show the count of companies
Time to raise
next round
15
27
35
61
144
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
42% 8%
(12)
7%
(10)
11%
(16)
2%
(3)
44%
(64)
57% 18%
(11)
15%
(9)
18%
(11)
2%
(1)
23%
(14)
77% 23%
(8)
17%
(6)
23%
(8)
3%
(1)
-3%
(-1)
56% 30%
(8)
22%
(6)
26%
(7)
4%
(1)
15%
(4)
- 27%
(4)
20%
(3)
33%
(5)
7%
(1)
-
Robotic Process Automation > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Robotic Process Automation
Funding Funnel
30 Months
28 Months
49 Months
Investment backedBootstrapped
2
2
7
6
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Robotic Process Automation > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Robotic Process Automation; Aug 2016-Aug 2018
Notable Investments in last 24 months (1/2)
LATE STAGE
$50M - Series E Apr 2018
Robotic process automation with workforce
orchestration and machine learning in one stack
Hawk Equity, Georgian Partners, Inovia Capital, NGP
Capital, GuardianLife, NewYork-Presbyterian, PNC
Financial Services Group
$35M - Series D Jan 2017
Robotic process automation with workforce
orchestration and machine learning in one stack
Georgian Partners, Mohr Davidow Ventures, inovia,
Greycroft Partners, RTP Ventures, NGP Capital
$14.7M - PE May 2017
PE Apr 2017
St. Cloud Capital
EARLY STAGE
$250M - Series A Jul 2018
$250M)
Robotic Process Automation platform for
Enterprises
New Enterprise Associates, Goldman Sachs, General
Atlantic, World Innovation Lab
$120M - Series B Mar 2018
Capital, Seedcamp, CapitalG, Kleiner Perkins
$50M - Series B Jul 2017
Invoice data extraction software.
Insight Venture Partners
$30M - Series A Apr 2017
Accel Partners, Earlybird Venture Capital, Credo
Ventures, Seedcamp
EARLY STAGE
$25M - Series B Dec 2017
Records digitization and management service
GV, Telstra Global, Icon Ventures, Lux Capital, Silicon
Valley Bank, Kleiner Perkins
$25M - Series B Aug 2017
Records digitization and management service
Icon Ventures, Lux Capital, Silicon Valley Bank,
Kleiner Perkins
$25M - Series B Jul 2017
Robotic process automation based account
receivable management.
Kennet Partners, Eight Roads Ventures

Robotic Process Automation > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Robotic Process Automation; Aug 2016-Aug 2018
Notable Investments in last 24 months (2/2)
EARLY STAGE
$11.5M - Series A Jan 2018
Astound (2016, Menlo Park, $11.5M)
Offers a customer ticket classification and
automation response solution, using natural
language processing
Vertex Ventures, Pelion Venture Partners, The Hive,
Slack, Moment Ventures

Most Active Investors (VC, PE) by Stage in Robotic Process Automation; Last 5 years (Aug 2013-Aug 2018)
Most Active VC & PE Investors
24
Robotic Process Automation > Investment Trends > Most Active VC & PE Investors
SEED STAGE
XSeed Capital
StackStorm
1
TDF Ventures
Rundeck
2
Benhamou Global Ventures
Ayehu
3
Kickstart Ventures
Cogito
4
s28 Capital
Knote
5
Icebreaker
Selko
6
Ideaspring Capital
Peritus
7
Finaves
StackStorm
8
EARLY STAGE
Kleiner Perkins(2 Investments)
UiPath, Ripcord
1
Kennet Partners (2 Investments)
Receipt Bank, Rimilia
2
Vertex Ventures(2 Investments)
KryonSystems, Astound
3
Eight Roads Ventures
Rimilia
4
Lux Capital
Ripcord
5
Accel Partners
UiPath
6
Seedcamp
UiPath
7
Icon Ventures
Ripcord
8
Earlybird Venture Capital
UiPath
9
Parkwalk
Ditto
10
LATE STAGE
NGP Capital
WorkFusion
1
Georgian Partners
WorkFusion
2
HCAP Partners
Resolve Systems
3
Zobito
Automic
4
Elvaston Capital Management
Stonebranch
5
Inter Invest Capital
Contextor
6

Robotic Process Automation > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Robotic Process Automation; Last 5 years (Aug 2013-Aug 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
The Hive(2 Investments)
Astound, Peritus
1
Axilor Ventures
SquadRun
2
OTHER NOTABLE INVESTORS
Velocity Fund Finals(2 Investments)
Knote, Knote
1
Third Kind Venture Capital
HyperScience
2
91springboard
SquadRun
3
Abstract Ventures
SquadRun
4
ANYON
Leverton
5
CIT Bank
Upland Software
6
Citizens Bank
Upland Software
7
Francisco Partners
K2
8
Goldman Sachs
Automation Anywhere
9
Goldman Sachs Bank USA
Upland Software
10
DEBT INVESTORS
Silicon Valley Bank(2 Investments)
Ripcord
1
Arago
2
St. Cloud Capital
Resolve Systems
3

Robotic Process Automation > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club

Robotic Process Automation > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
28
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

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Feed Report - Robotic Process Automation - Aug 201830 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Marketmap: Robotic Process Automation Robotic Process Automation > Market Details > BlueBox

Key Sub Sectors
31
Key Sub Sectors in Robotic Process Automation
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies offering a platform to automate decision-making tasks using cognitive technology
Datamatics Global Services (1975,
Mumbai, Public)
$250M)
55 27 $819M
Enhanced Automation
Companies offering a platform to process unstructured data like emails, quotations, images
and automate associated processes
Blue Prism (2001, London, Public)
58 27 $419M
Basic Automation
Companies that use macros/scripts to automate repetitive tasks such as data capture or data
inference from application interfaces
OpenSpan (2005, Alpharetta, Acquired)
Intradiem (1995, Alpharetta, $32M)
30 7 $83.2M
Robotic Process Automation > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/2)
32
Robotic Process Automation > Market Details > Detailed Sector Taxonomy

Detailed Sector Taxonomy (2/2)
33
Robotic Process Automation > Market Details > Detailed Sector Taxonomy

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Cognitive Automation > Multi-Industry > Multi-Function
Companies offering a platform to automate decision-making tasks using cognitive technology across
multiple business functions
(Companies covered 30 | Funded 14 | Total Funding $785M)
$518M
(+$250M)
8
(-3)
Automation Anywhere
(2006, San Jose, $250M)
34
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets by Funding in Robotic Process Automation in last 2 years (August 2016 - July 2018)
Robotic Process Automation > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Cognitive Automation > Multi-Industry > Multi-Function
Companies offering a platform to automate decision-making tasks using cognitive technology across
(Companies created 30 | Funded 14 | Total Funding $785M )
2
$250M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
35
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (August 2016 - July 2018)
Robotic Process Automation > Market Details > Top Markets of Early Stage Investors

Incubators
Seed RTP Ventures (#1), Greycroft Partners (#1)
Series A/B New Enterprise Associates (#1), Goldman Sachs (#1)
Series C+ Francisco Partners (#1), Hawk Equity (#1)
Datamatics Global Services
May - 2004
IPO'd on BOM
$15M - Series A
AntWorks (2015, Chennai, $15M)
$250M - Series A
Automation Anywhere (2006, San
Jose, $250M)
$50M - Series E
WorkFusion (2010, New York City,
$121M)
$120M - Series B
$5.5M - Series A
Ditto (2017, Manchester, $5.5M)
$12M - Series B
KryonSystems (2008, Franklin Lakes,
$12M)
$30M - Series A
$35M - Series D
$121M)
$14M - Series C
$121M)
Feb 2017
UiPath Selected as RPA Industry Leader by Forrester, PR
Newswire
Feb 2018
Deloitte-UiPath Team Deploys Process Automation Systems
for US Govt Agencies, ExecutiveBiz
Dec 2016
Arago’s Artificial Intelligence Platform HIRO™ Beats Human
Players at Freeciv , Business Wire
Feb 2017
Payroll outsourcing service provider Excelity Global ties up
with Datamatics, Indiatimes
Nov 2017
Enate and UiPath Partner to Deliver Accelerated Automation
and Orchestration , RealWire
Jan 2013
Celaton Raises £2.5M in Funding from Business Growth Fund
|FinSMEs, FinSMEs
Feb 2015
Francisco investment allows K2 to hold off on IPO - PE Hub,
PE Hub
Oct 2014
Arago Secures $55M From PE Firm KKR To Automate
Enterprise IT, TechCrunch
Oct 2017
NTT DATA Services and Automation Anywhere Collaborate
to Offer Complete Digital Workforce Platform to Global
Clients, IT Briefcase
Dec 2017
Automation Anywhere Sets the Highest Standard for Digital
Workforce Platforms with Latest Release , DATAVERSITY
Jul 2017
Datamatics Global to acquire 71.1% equity stake in Techjini
Solutions - Moneycontrol.com, Moneycontrol
Dec 2017 WorkFusion Named to CB Insights 2018 AI 100, Citybizlist
May 2017
EY, Automation Anywhere tie up to help drive efficiency for
companies, Business Standard
News
0
1
2
3
4
5
6
$0k
$100M
$200M
$300M
$400M
$500M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
4
10
14
30
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Cognitive Automation > Multi-Industry > Multi-Function: Market Factsheet
36
Exits
Recent Investments
YoY Funding and Rounds
Companies offering a platform to
automate decision-making tasks
using cognitive technology across
Automation Anywhere
(2006, San Jose, $250M)
K2
(2000, Bellevue, $170M)
UiPath
WorkFusion
(2010, New York City, $121M)
Arago
(1995, Frankfurt Am Main, $55M)
Top Companies
#1 Top Markets of Investment Activity
Robotic Process Automation > Market Details > Market: Multi-Function
Companies Created 30 | Funded 14 | Total Funding $785M
Market: Multi-Function

Cognitive Automation > Multi-Industry > Multi-Function: Top Companies
Analyst’s Pick
Automated software bot for advisory and technical
guidance
Editor's Pick. Stage: Series A
IP Group, Parkwalk
Intellibot (2015, Hyderabad)
AI-enabled robotic process automation platform
Editor's Pick. Stage: Unfunded
Option3 (2012, Bangalore)
Automation and data analytics solutions provider
Editor's Pick. Stage: Funded
Research Corporation Technologies

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
38
Cognitive Automation > Multi-Industry > Multi-Function: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 K2 2000 Bellevue Series C $170M - 5 - - 10 171k 3.8k 8k 42 22k 14% 4 11% 34 1%
4.8
Datamatics
Global Services
1975 Mumbai Public $3M - 4 - 5 7 210k 816 4k 74 1k - 7 10% 45 6%
4.6 Kofax 1985 Irvine Acquired - 5 4 4 4 33 126k 6k 11k 82 -37k -23% 4 5% 175 3%
4.5 HeadAI 2016 Pori Funded - - 4 - - - 10M 477 2k 33 68M 901% 8 33% 159 51%
4.3 UiPath 2005 Bucharest Series B $150M - - - 4 37 33k 58k - - -5k -11% - - 2.6k 5%
4.1 Arago 1995
Frankfurt
Am Main
Funded $55M - - - 4 6 1.5M 1.7k - - 802k 129% - - 86 5%
3.9 Ditto 2017 Manchester Series A $5.5M - - - 4 1 10M 14 - - 10M 126% - - 7 84%
3.8 WorkFusion 2010
New York
City
Series E $121M - - - - 22 151k 2.7k - - -15k -9% - - 367 16%
3.6 AntWorks 2015 Chennai Series A $15M 5 - - 3 1 679k 425 - - -3.2M -82% - - 44 12%
3.4 Option3 2012 Bangalore Funded - - - - 4 - 2.6M 111 - - 419k 19% - - -22 -17%
3.2 Intellibot 2015 Hyderabad Unfunded - - - - 4 - 1.3M 914 - - -1.4M -52% - - 1.1k
-
1134
%
3.0 Instaknow 2009
South
Plainfield
Unfunded - - - - 3 - - 116 - - - - - - 1 -
2.9 Celaton 2004
Buckingha
m
Series A $4M - - - - 3 5.5M 403 - - -632k -10% - - 24 6%
2.7 Thoughtonomy 2013 London Unfunded - - - - - 10 1.7M 1.4k - - 16k 1% - - 171 15%

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
39
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies
41
Performance indicators of public companies in Robotic Process Automation
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Mar 2016
Blue Prism (2001, London)
$186M $11.8M LON:PRSM
Nov 2014
Upland Software (2010, Austin)
Cloud-based enterprise work management software
$702M $172M $74.8M NASDAQ:UPLD
May 2004
Datamatics Global Services (1975, Mumbai)
$101M $137M 7.33 BOM:532528
Oct 1999
Software solution for customer self service and agent assisted
interactions
JCDA
Jan 1996
Intent-based solutions to capture and analyze client interactions and
transactions for businesses
$1B 55.5 TLV:NICE
Jul 1995
Cicero (1988, Cary)
$1.5M CICN
Robotic Process Automation > Exit Outlook > Public Companies

Notable Acquisitions (1/2)
42
Notable Acquisitions in Robotic Process Automation
Robotic Process Automation > Exit Outlook > Notable Acquisitions
2018 YTD
Acquirer: Atos Deal: $3.6B
Syntel (1980, Troy)
2017
Acquirer: Insight Venture Partners
2016
Acquirer: CA Technologies Deal: $641M
and in the cloud
Acquirer: Pegasystems Deal: $52M
OpenSpan (2005, Alpharetta, $32M)
Enterprise robotic automation and workforce
intelligence software

Notable Acquisitions (2/2)
43
Notable Acquisitions in Robotic Process Automation
Robotic Process Automation > Exit Outlook > Notable Acquisitions
2014
Acquirer: Cognizant Deal: $2.7B
TriZetto (1997, Greenwood Village, $10.5M)
Software solution for healthcare payers and
providers
2009
Acquirer: Microsoft
Opalis (1999, Mississauga, $20M)
Software solution for IT process orchestration,
integration, and automation
Acquirer: Cisco Deal: $105M
Before 2008
Acquirer: Veritas Deal: $62M
Jareva Technologies (2000, Mountain View,
$20.5M)
Products related to the automation of workflows
related to server management in enterprises

Most Active Acquirers
44
Robotic Process Automation > Exit Outlook > Most Active Acquirers

Acqui-hires
45
List of Acqui-hires in Robotic Process Automation
Excludes all details for Chinese companies
Date Target
Jan-18 ALMATO Acq by DATAGROUP
Jul-17 Kofax Acq by Thoma Bravo
Apr-17 Genfour Acq by Accenture
Mar-17 RAGE Frameworks Acq by Genpact
Aug-16 Calm Acq by Nutanix
Mar-16
StackStorm Acq by Brocade
Communication Systems
Apr-14
NetworkAutomation Acq by
HelpSystems
Jun-13 Kapow Software Acq by Kofax
Jun-11 OpusCapita Acq by Itella
Aug-09 FastScale Acq by EMC
Mar-07 iConclude Acq by Opsware
Jul-05 Smyyth Acq by Genpact
Robotic Process Automation > Exit Outlook > Acqui-hires
View all 12 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
46
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Robotic Process Automation > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Robotic Process Automation; Last 5 years (Aug 2013 - Jul 2018)
Index of Most Active VC & PE Investors
SEED STAGE
TDF Ventures
Ideaspring Capital
Finaves
Icebreaker
Kickstart Ventures
s28 Capital
XSeed Capital
EARLY STAGE
Kleiner Perkins (2 Investments)
Kennet Partners (2 Investments)
Vertex Ventures (2 Investments)
General Atlantic
New Enterprise Associates
World Innovation Lab
Accel Partners
Credo Ventures
Seedcamp
CapitalG
Mohr Davidow Ventures
Lux Capital
Icon Ventures
LATE STAGE
NGP Capital
Georgian Partners
Elvaston Capital Management
HCAP Partners
Inter Invest Capital
Zobito

TDF Ventures
49
Portfolio in Robotic Process Automation | Exits | Funds Link | Website | LinkedIn | Twitter
Robotic Process Automation > Investors > TDF Ventures
Investments
[Editor's Pick] Rundeck (2013, Menlo Park, $3M, Seed)
Platform for automation of deployments, maintenance activities and
scheduling of jobs
Robotic Process Automation Notable Portfolio
[Soonicorn] Vlocity (2014, San Francisco, $92.8M, Series B)
Omni-Channel cloud software for delivering industry-specific
experiences to customers.
[Minicorn] IEX (2012, New York City, $100M, Series C)
Stock exchange for investors and companies
[Minicorn] Able Lending (2014, Austin, $11M, Series A)
Collaborative lending platform for small businesses
[Minicorn] Appuri (2012, Seattle, $6.3M, Acqui-Hired)
Proactive retention management
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Mar 2018
Rundeck Unveils Operations as a Service Platform, Raises
$3 Million, Technology-Signals
None
1
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
US

50
Robotic Process Automation > Investors > Benhamou Global Ventures
People
Investments
[Minicorn] Totango (2010, Tel Aviv, $48.4M, Series C)
Customer Engagement Platform for SaaS providers
[Minicorn] NGD Systems (2013, Irvine, $26M, Series B)
SSD storage solutions
[Minicorn] Bayshore Networks (2002, New York City, $15M,
Series A)
Cybersecurity solution for Indusrial IoT & OT network
[Minicorn] 4iQ (2016, San Francisco, $14M, Series A)
Big data analytics & machine learning based threat intelligence
platform
[Minicorn] Identity Mind Global (2011, Palo Alto, $11.8M,
Series C)
Risk Management and AML for eCommerce & Virtual Currencies
[Minicorn] BlueCedar Networks (2016, San Francisco, $10M,
Series A)
App wrapping based mobile application management, security and
analytics
[Minicorn] Secret Double Octopus (2015, Beersheba, $7.5M,
Series A)
keyless networking framework for network security
[Editor's Pick] Scalefast (2014, Los Angeles, $16M, Series A)
Cloud-based Full-Featured Outsourced Ecommerce Solutions
[Editor's Pick] Connected Signals (2010, Eugene, $1.1M, Seed)
Smartphone app that communicates with traffic signals for alerts and
information
Top Exits
Recent News on Fund & Portfolio
Eric Benhamou
Founder and General
Partner
Jul 2018
Ayehu Announces Key Executive Appointments to
Support Business Growth and Product Innovations,
GlobeNewswire
Jun 2018
Everbridge Announces Integration with Ayehu Software,
Citybizlist
May 2018 Ayehu Wins 2018 TiE Award, GlobeNewswire
May 2018
Ayehu Updates ServiceNow Integration With Kingston
Version, AIThority
Apr 2018
Ayehu Announces Integration with Cherwell Software,
GlobeNewswire
Dec 2017
Ayehu Listed as a 2017 Deloitte Technology Fast 50
Company for Second Consecutive Year, WebWire
Nov 2017 Ayehu Expands into Japan with IWI Partnership, WebWire
Oct 2017
Ayehu VP of Alliances and Partnerships Brian Boeggeman
to Present at International Cloud Expo 2017, WebWire
Sep 2017
Ayehu Launches its Next Generation IT Automation and
Orchestration Platform Powered by Artificial Intelligence ,
GlobeNewswire
Feb 2017 Ayehu Introduces New Platform, APMdigest
Jul 2015 BGV Closes Second Fund | News Flash, NoCamels
None
1
2013 2014 2015 2016 2017 2018
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
Israel

Ideaspring Capital
51
Robotic Process Automation > Investors > Ideaspring Capital
People
Investments
[Editor's Pick] Peritus (2017, Palo Alto, $2M, Seed)
AI enabled virtual assistant for IT operations
[Editor's Pick] Lavelle Networks (2015, Bangalore, $1.6M, Seed)
WAN management platform
[Editor's Pick] Zapty (2015, Bangalore, $500k, Seed)
Project management and collaboration suite for businesses
Top Exits
Naganand
Doraswamy
Founder & Managing
Director
Mar 2018
Stealth Mode Data Center Automating AI Startup Peritus
Gets $2M Funding, BW Businessworld
None
1
2013 2014 2015 2016 2017 2018
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
US

Kickstart Ventures
52
Robotic Process Automation > Investors > Kickstart Ventures

s28 Capital
53
Robotic Process Automation > Investors > s28 Capital

XSeed Capital
54
Robotic Process Automation > Investors > XSeed Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
55
Seed Stage
Early Stage
Late Stage

Kleiner Perkins
56
Robotic Process Automation > Investors > Kleiner Perkins

Kennet Partners
57
Robotic Process Automation > Investors > Kennet Partners

Vertex Ventures
58
Robotic Process Automation > Investors > Vertex Ventures

General Atlantic
59
Robotic Process Automation > Investors > General Atlantic

New Enterprise Associates
60
Robotic Process Automation > Investors > New Enterprise Associates

World Innovation Lab
61
Robotic Process Automation > Investors > World Innovation Lab

Accel Partners
62
Robotic Process Automation > Investors > Accel Partners

Credo Ventures
63
Robotic Process Automation > Investors > Credo Ventures

64
Robotic Process Automation > Investors > Earlybird Venture Capital

Seedcamp
65
Robotic Process Automation > Investors > Seedcamp

CapitalG
66
Robotic Process Automation > Investors > CapitalG

Mohr Davidow Ventures
67
Robotic Process Automation > Investors > Mohr Davidow Ventures

Lux Capital
68
Robotic Process Automation > Investors > Lux Capital

Icon Ventures
69
Robotic Process Automation > Investors > Icon Ventures

70
Robotic Process Automation > Investors > Insight Venture Partners

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
71
Seed Stage
Early Stage
Late Stage

NGP Capital
72
Robotic Process Automation > Investors > NGP Capital

Georgian Partners
73
Robotic Process Automation > Investors > Georgian Partners

HCAP Partners
74
Robotic Process Automation > Investors > HCAP Partners

Zobito
75
Robotic Process Automation > Investors > Zobito

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
76
Incubators
Other Notable Investors
Debt Investors

Robotic Process Automation > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Robotic Process Automation; Q2 2013 - Q2 2018
Index of Ecosystem Investors
INCUBATOR
The Hive (2 Investments)
Axilor Ventures
OTHER NOTABLE INVESTORS
Velocity Fund Finals (2 Investments)
91springboard
Abstract Ventures
ANYON
CIT Bank
Citizens Bank
Francisco Partners
Goldman Sachs
GuardianLife
Hawk Equity
inovia
IP Group
DEBT INVESTORS
Silicon Valley Bank (2 Investments)
St. Cloud Capital

The Hive
78
Robotic Process Automation > Investors > The Hive
People
Investments
[Minicorn] Astound (2016, Menlo Park, $11.5M, Series A)
Offers a customer ticket classification and automation response
solution, using natural language processing
[Editor's Pick] Peritus (2017, Palo Alto, $2M, Seed)
[Soonicorn] Blockstream (2014, San Francisco, $101M, Series B)
Blockchain development focused on sidechains innovation
[Soonicorn] FogHorn (2014, San Francisco, $47.5M, Series B)
Machine learning-based software solution for OEMs to enable edge
computing feature in their devices
[Minicorn] Flutura (2012, Bangalore, $10M, Series A)
IoT based big data analytics for engineering industries
[Minicorn] Altizon (2013, Pune, $5M, Series A)
Build connected devices and process data at scale
[Minicorn] Percolata (2012, Palo Alto, $5M, Seed)
Workforce Management Solutions for Retail
[Editor's Pick] Lightning Labs (2016, San Francisco, $2.5M, Seed)
Lightning network protocol developer
Top Exits
TM Ravi
Co-Founder &
Managing Director
Sumant Mandal
Co-Founder
May 2018
Infosys and Astound Partner to Deliver Better Service
Experience Through an AI enhanced Enterprise Service
Management Café, PRWeb
Apr 2018
Astound Integrates with ServiceNow to Make Every App
Intelligent with AI-Driven Automation, PR Newswire
Mar 2018
Stealth Mode Data Center Automating AI Startup Peritus
Gets $2M Funding, BW Businessworld
Jan 2018
Transforming IT Through AI-Driven Automation, Astound
Launches and Announces $11.5 Million in Funding, PR
Newswire
None
2
2013 2014 2015 2016 2017 2018
-
-
-
1
1
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
US

Axilor Ventures
79
Robotic Process Automation > Investors > Axilor Ventures
People
Investments
[Editor's Pick] SquadRun (2014, Delhi, $2.1M, Series A)
Business workflow automation through crowd sourcing and AI
[Minicorn] SigTuple (2015, Bangalore, $25.5M, Series B)
AI based healthcare diagnostic solution
[Minicorn] Pocket Aces (2013, Mumbai, $3.5M, Series A)
Digital entertainment video production and social content publishing
[Minicorn] Advantage Club (2014, Gurgaon, $694k, Seed)
Mobile first platform for corporate-employee benefits
[Minicorn] Maroon (2016, Delhi, Seed)
Predictive analytics-based marketing intelligence platform
[Editor's Pick] Planys (2015, Chennai, $2.4M, Series A)
Remotely operated vehicle for underwater
[Editor's Pick] Pipe Candy (2015, Chennai, $1.1M, Seed)
Outbound Prospecting tool for Sales representatives
[Editor's Pick] Niramai (2016, Bangalore, $983k, Seed)
AI based early stage breast cancer screening device
[Editor's Pick] Fabulyst (2016, Hyderabad, $281k, Seed)
AI-enabled personal stylist tool for online retailers
[Editor's Pick] Marax (2016, Bangalore, $38.9k, Seed)
AI-enabled solution to reduce churn rate
[Editor's Pick] Predictly (2015, Bangalore, $38.9k, Seed)
Cognitive computing of customer data
[Editor's Pick] MUrgency (2014, Mumbai, Seed)
Emergency response medical app
[Editor's Pick] Unomer (2015, Bangalore, Seed)
In App surveys for market research
Top Exits
Kris
Gopalakrishnan
Founder & Chairman
Ganapathy
Venugopal
Co-Founder & CEO
Srinath Batni
Founder
Tarun Khanna
Founder
S D Shibulal
Founder
Apr 2017 Software firm SquadRun raises $2.1 million, Livemint
None
1
2013 2014 2015 2016 2017 2018
-
-
-
1
-
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
India

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
80
Incubators
Debt Investors

81
Robotic Process Automation > Investors > Third Kind Venture Capital
Investments
[Editor's Pick] HyperScience (2013, New York City, $28.9M,
Series A)
AI-based data processing and automation
[Minicorn] Freenome (2014, Palo Alto, $78.3M, Series A)
Deep learning platform for detecting circulating cancer-related
markers
Top Exits Recent News on Fund & Portfolio
May 2018
QBE Partners With HyperScience To Drive Immediate
Operational ROI With Practical Artificial Intelligence, PR
Newswire
Dec 2016 HyperScience Grabs $18M in Series A, VC News Daily
Jul 2015
Hyper Labs $10.88 million Fundraising. Peter Brodsky
Published Jul 22 Form D – Octafinance, Octafinance
None
1
2013 2014 2015 2016 2017 2018
-
-
-
1
-
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
US

CIT Bank
82
Robotic Process Automation > Investors > CIT Bank

Citizens Bank
83
Robotic Process Automation > Investors > Citizens Bank

Francisco Partners
84
Robotic Process Automation > Investors > Francisco Partners

Goldman Sachs
85
Robotic Process Automation > Investors > Goldman Sachs

86
Robotic Process Automation > Investors > Goldman Sachs Bank USA

GuardianLife
87
Robotic Process Automation > Investors > GuardianLife

Hawk Equity
88
Robotic Process Automation > Investors > Hawk Equity

inovia
89
Robotic Process Automation > Investors > inovia

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
90
Incubators
Debt Investors

Silicon Valley Bank
91
Robotic Process Automation > Investors > Silicon Valley Bank

92
Robotic Process Automation > Investors > Kohlberg Kravis Roberts

St. Cloud Capital
93
Robotic Process Automation > Investors > St. Cloud Capital

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
94
Recent News

Recent News (1/2)
96
Robotic Process Automation > News > Recent News
Aug 2018
Retail Cloud Market Report 2018-2025: Syntel, Rapidscale,
Retailcloud, Retail Solutions, Softvision, iCrowdNewswire
Aug 2018
Global Artificial Intelligence Software Market Growth Analysis By
Top Key Players Like H2O, Braina, nanoRep, IPsoft and Others 2018
– 2025, iCrowdNewswire
Aug 2018
Kim Technologies Signs 10 Year Contract with Riverview Law, PR
Newswire
Aug 2018 NICE-Systems beats by $0.04, beats on revenue, Seeking Alpha
Aug 2018 Upland Software misses by $0.01, beats on revenue, Seeking Alpha
Aug 2018
TCS software product ignio eyes $100 million revenue in two years,
Indiatimes
Aug 2018
TCS in talks with other software majors to market its automation
software, Business Line
Aug 2018 Meet Amelia: IPsoft Shows Off Its Human AI Platform, CRN
Aug 2018
NICE Extends Tender Offer for All Outstanding Shares of
Mattersight Corporation, Business Wire
Aug 2018
Finesse, UiPath partner to offer Robotic Process Automation
services, Tahawul Tech
Aug 2018
NICE Named the Market Share Leader in Workforce Management by
DMG Consulting, Citybizlist
Aug 2018
UiPath and Ubiquity join forces to take RPA to the next level, Algos
Online
Aug 2018 Intradiem Announces Partnership with AXA, directorsclub.news
Jul 2018 Atos-Syntel deal may spark mid-tier IT buyouts, Indiatimes
Jul 2018
Local IT services company signs partnership with UiPath, Romania
Insider
Jul 2018
KPMG in India Partners with UiPath to Empower Clients to Plan for
a Digital Future through Intelligent Automation, Business Wire India
Jul 2018
Proptech company Leverton teams up with Savills Studley,
propertyEU
Jul 2018
NICE Wins Technology Project of the Year at the Retail Systems
Awards 2018, Citybizlist
Jul 2018 Deloitte Announces Alliance With Blue Prism, Citybizlist
Jul 2018
Kryon Brings Former Automation Anywhere COO, Richard French,
on Board as Chief Revenue Officer, PR Newswire
Jul 2018
AntWorks™ Announces Series A Funding With Strategic Investment
by SBI Holdings, Inc., PR Newswire
Jul 2018 Syntel Reports Second Quarter 2018 Financial Results, Seeking Alpha
Jul 2018
WeissLaw LLP: Syntel, Inc. Acquisition May Not Be In The Best
Interest of SYNT Shareholders, PR Newswire
Jul 2018
NICE Nexidia Adds Rosette Text Analytics to Enhance Search
Speeds, directorsclub.news
Jul 2018
Infosys partners with Ayeyarwaddy Farmers Development Bank,
Myanmar, Business Standard
Jul 2018
TimelinePI Partners with Blue Prism to Accelerate Digital
Transformations for Customers with Enterprise-class Robotic
Process Automation (RPA), PRWeb

Recent News (2/2)
97
Robotic Process Automation > News > Recent News
Jul 2018
Kim Technologies Named Top 10 Cloud Solutions Provider, PR
Newswire
Jul 2018
Hitachi to acquire Rean in bid to establish a stronger cloud
presence, SiliconAngle
Jul 2018
Jacada Selected by Puget Sound Energy to Provide Intelligent
Customer Self-Service Solutions, GlobeNewswire
Jul 2018
NICE Adds Automated Cloud-Based Transcription Service to NICE
COMPASS Compliance Assurance Suite, PressReleasePoint
Jul 2018
Resolve Systems Names John Ferron as Chief Executive Officer,
PRWeb
Jul 2018
EdgeVerve Systems Positioned As a Leader in the Gartner Magic
Quadrant for Global Retail Core Banking, Financial IT
Jul 2018
Automation Anywhere Joins Nasscom Initiative To Skill Students In
Robotics, BTVI Live
Jul 2018
Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of
LifePoint Health, Inc. (NASDAQ: LPNT) on Behalf of Stockholders
and Encourages Investors to Contact the Firm, DirectorsTalk
Interviews
Jul 2018 France’s Atos to Buy Syntel for $3.4 Billion, The Wall Street Journal
Jul 2018
As robotic process automation takes off, UiPath hits $100M in
recurring revenue, SiliconAngle
Jul 2018
Thoughtonomy Signs New Intelligent Automation Deals With
TransUnion, EDF Energy, Hovis, Rentokil Initial and Pinnacle Group,
PR Newswire
Jul 2018
NICE Actimize Voted “Best Anti-Money Laundering Compliance
Solution Provider” for Fifth Consecutive Year in 2018 Waters
Magazine Rankings, Business Wire
Jul 2018
Automation Anywhere's triple digit growth sees new EVP for APJ,
iTWire
Jul 2018
NICE Satmetrix Unveils Updated Net Promoter® Masterclass to
Help Customer Experience Professionals Realize Immediate Impact,
directorsclub.news
Jul 2018
NICE Scores Highest in Territory Management and Planning Use
Case in Gartner Critical Capabilities for Sales Performance
Management Report, PressReleasePoint
Jul 2018
WorkFusion Named a Strong Performer in Robotic Process
Automation, Recognized for Analytics and AI, Citybizlist
Jul 2018
Ayehu Announces Key Executive Appointments to Support Business
Growth and Product Innovations, GlobeNewswire
Jul 2018
Softomotive Announces New Software Upgrade for WinAutomation,
Business Wire India
Jul 2018
How Automation Anywhere joined the billion-dollar-plus club,
Indiatimes
Jul 2018
Syntel to Hold Super-Hackathon in Pune and Chennai in July,
DQWeek
Jul 2018 NEA Coleads $250M Investment in Automation Anywhere, Citybizlist
Jul 2018
NICE Wins Two Consumidor Moderno Awards, Re-Affirming It’s
Market Leadership in Latin America, Business Wire

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
98
Explore more on Tracxn Platform
Index of Top companies by Market
Funded Deadpooled Companies

Explore more on Tracxn Platform
100
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
Robotic Process Automation > Appendix > Explore Sector on Tracxn Platform

Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Robotic Process Automation
Index of Top companies by Market (1/4)
101
Robotic Process Automation > Appendix > Index of Top companies by Market
Basic Automation
Multi-Industry
OpenSpan (2005, Alpharetta, $32M)
Enterprise robotic automation and workforce
intelligence software
Stage: Acquired
In-Q-Tel, Globespan Capital Partners, Matrix
Cicero (1988, Cary, $1M)
IPO Date Jul 1995 Mcap $1.5M
IPO Mcap -
- CICN P/E -
Grid Infocom (2009, Gurgaon)
Desktop & Robotic process automation
Minicorn. Stage: Unfunded
Software solution for customer self service and
agent assisted interactions
IPO Date Oct 1999 Mcap -
IPO Mcap -
- JCDA P/E -
Multi-Industry
Intent-based solutions to capture and analyze client
interactions and transactions for businesses
IPO Date Jan 1996 Mcap -
IPO Mcap -
TLV NICE P/E 55.5
Enhanced Automation
Multi-Industry
Invoice data extraction software.
Minicorn. Stage: Series B
Insight Venture Partners, Kennet Partners
Blue Prism (2001, London, $33.5M)
IPO Date Mar 2016 Mcap -
IPO Mcap $186M
LON PRSM P/E -
Cloud-based enterprise work management
software
IPO Date Nov 2014 Mcap $702M
IPO Mcap $172M
NASDAQ UPLD P/E -

102
Enhanced Automation
Multi-Industry
HyperScience (2013, New York City, $28.9M)
AI-based data processing and automation
QBE Group, FirstMark, Felicis Ventures and 6 Other
Investors
Robotic process automation based account
receivable management.
Minicorn. Stage: Series B
Kennet Partners, Eight Roads Ventures
Jareva Technologies (2000, Mountain View,
$20.5M)
Products related to the automation of workflows
related to server management in enterprises
Stage: Acquired
Hummer Winblad Venture Partners, JK&B Capital,
Labrador Ventures and 2 Other Investors
Multi-Industry
Stage: Acquired
JPMorgan, Novus Ventures, VantagePoint Capital
Soonicorn. Stage: Acquired
St. Cloud Capital, HCAP Partners, Solis Capital
Partners
Appnomic (2006, Bangalore, $11.7M)
Technology & service provider for data centre and
IT process automation
Minicorn. Stage: Series C
Norwest Venture Partners
Multi-Industry
Rundeck (2013, Menlo Park, $3M)
Platform for automation of deployments,
maintenance activities and scheduling of jobs
Editor's Pick. Stage: Seed
TDF Ventures, BootUp Ventures
SquadRun (2014, Delhi, $2.1M)
Business workflow automation through crowd
sourcing and AI
Blume Ventures, 91springboard, Emergent
Ventures and 3 Other Investors
BreezeDocs (2013, Melbourne, $250k)
Automated document processing software
application
AngelCube

103
Enhanced Automation
Multi-Industry
DMACQ Software (2011, Mumbai)
Enterprise content and document management
software
StackStorm (2013, Palo Alto)
Event-driven automation
Editor's Pick. Stage: Acquired
XSeed Capital, Finaves, Western Technology
Investment and 2 Other Investors
and in the cloud
Stage: Acquired
Zobito, OpenOcean, Idinvest Partners
Syntel (1980, Troy)
Stage: Acquired
Multi-Industry
Astound (2016, Menlo Park, $11.5M)
Offers a customer ticket classification and
automation response solution, using natural
language processing
Minicorn. Stage: Series A
Vertex Ventures, Pelion Venture Partners, The Hive
and 3 Other Investors
Multi-Industry
Automated software bot for advisory and technical
guidance
IP Group, Parkwalk
Datamatics Global Services (1975, Mumbai,
$3M)
IPO Date May 2004 Mcap $101M
IPO Mcap -
BOM 532528 P/E 7.33
Peritus (2017, Palo Alto, $2M)
Ideaspring Capital, The Hive
Intellibot (2015, Hyderabad)
AI-enabled robotic process automation platform

104
Multi-Industry
Option3 (2012, Bangalore)
Automation and data analytics solutions provider
Editor's Pick. Stage: Funded
Research Corporation Technologies

Funded Deadpooled Companies
105
Excludes all details for Chinese companies
Robotic Process Automation > Appendix > Funded Deadpooled Companies
View all 3 Deadpooled companies on Tracxn Platform
Funding Company Location
$32.5M Enigmatec London
Index of Deadpooled companies in Robotic Process Automation

Team
106
For research queries write to us at myanalyst@tracxn.com
Vedanth HN
Manager - Sector Specialist
Chaitanya Karthik Vellanki
AVP - Sector Specialist

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