Tracxn - Robotic Process Automation Startup Landscape

MAY 2018
ROBOTIC PROCESS AUTOMATION

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Robotic Process Automation - May 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 May 12, 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
$1.1B
Funding
11
Mega
Companies
53138
FundedCovered on
Tracxn
2
Unicorns
2
Soonicorns
5
Minicorns
6
IPO’d Cos
32
Late Stage Cos
14
8
Acquisitions
3
DeadPooled
11
Acquihired
Series A+ Cos
UiPath
(2005, Bucharest, $150M)
Resolve Systems
(2008, Irvine, $14.7M)
Upland Software
(2010, Austin, $31.4M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Robotic Process Automation
5
$120M - Series B
UiPath (2005, Bucharest, $150M)
$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)
$30M - Series A
$11.5M - Series A
Astound (2016, Menlo Park, $11.5M)
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), KPCB (#2), Vertex Ventures (#2)
Series C+
Elvaston Capital Management (#1), Georgian Partners (#1), HCAP
Partners (#1)
Incubators The Hive (#2) AngelCube (#1) Axilor Ventures (#1)
Other Notable
Investors
Silicon Valley Bank (#2), Velocity Fund Finals (#2), Third Kind
Venture Capital (#1)
Debt Investors
Most Active InvestorsRecent Investments
10
9
10
17
9
1
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 8 3 10 5 14 8
$34M
$70M
$198M
$59M
$239M
$192M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$607M
$379M
$21.1M
$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)
Dec 2016 Automic Acq by CA Technologies for $641M
Apr 2016 OpenSpan Acq by Pegasystems for $52M
Aug 2015 NICE Systems Acq by Battery Ventures for $100M
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)
Battery Ventures 1 NICE Systems (Aug 2015, $100M)
Recent IPOs Top Acquisitions
Jacada Oct 1999
Software solution for customer self servi…
IPO MCap: - Current MCap: -
Syntel Aug 1997
IT automation services, recursive, and in…
IPO MCap: $275M Current MCap: $2.4B
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: $1.2B
Upland Software Nov 2014
Cloud-based enterprise work management so…
IPO MCap: $172M Current MCap: $599M
Datamatics Global Services May 2004
IT, F&A and research and analytics servic…
IPO MCap: - Current MCap: $107M

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 - May 20187 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Overview
Companies 138
Funded 53 Series A+ 32
Funding $1.1B Last 2 yrs $449M
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 AngelCube (1)
Top Cities
NYC 5 Cos $150M
Bucharest 1 Cos $150M
Feed in Numbers
Unicorns 2 Soonicorns 2
Minicorns 5 Editor Picks 37
Acquihired 11 Deadpooled 2
Top Companies
Upland Software (2010, Austin, $31.4M)
Exits
IPOs 6 Syntel, Blue Prism
Acquisitions 8 TriZetto, Tidal Software
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 25 $253M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Cognitive Automation
Companies offering a platform to automate decision-
making tasks using cognitive technology
49 21 $554M
Enhanced Automation
Companies offering a platform to process
unstructured data like emails, quotations, images...
55 25 $418M
Basic Automation
Companies that use macros/scripts to automate
repetitive tasks such as data capture or...
31 7 $104M
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
Syntel
(1980, Troy)*
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)
Acquired
TriZetto
(1997, Greenwood Village,
$10.5M)
Automic
(1985, Bellevue)
Tidal Software
(2003, Palo Alto, $16.5M)
NICE Systems
(1986, Ra'anana, $20.7M)
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
NICE Systems (1986, Ra'anana, $20.7M)
Intent-based solutions to capture and analyze client
interactions and transactions for businesses
Stage: Acquired
Kepha Partners
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
Enhanced Automation
Multi-Industry
Blue Prism (2001, London, $33.5M)
Robotic process automation for enterprises
Stage: Public
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: Public

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
KPCB, Accel Partners, Credo Ventures 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
Robotic Process Automation > Feed Summary > Recent News
May 2018
NICE Reports 10% Revenue Growth for the First Quarter 2018
Along with 32% Growth in Cloud Revenue, Business Wire
May 2018 Blue Prism Achieves CA Veracode Verified Status, PR Newswire
May 2018
Upland Software Reports First Quarter 2018 Financial Results, PR
Newswire
May 2018
K2 Simplifies Workflow Development and Brings Cloud Features to
Updated On-Premises Version, GlobeNewswire
May 2018
Infosys and Astound Partner to Deliver Better Service Experience
Through an AI enhanced Enterprise Service Management Café,
PRWeb
May 2018
QBE Partners With HyperScience To Drive Immediate Operational
ROI With Practical Artificial Intelligence, PR Newswire
May 2018
NICE Cognitive Robotic Automation Platform Expands on Amazon
Lex’s Self-Service Capabilities by Transforming Chatbot Requests
Into Real-Time Customer Fulfillment, Business Wire
May 2018
Upland Software Enables Superior Customer Service and IT Support
Through Upgraded Version of its KCS® v6 Verified Knowledge
Management (KM) Solution, PR Newswire
Apr 2018
ignio™ Wins Award for First Use of Machine Learning Within the
Workload Automation (WLA) Analytics Industry, PR Newswire
Apr 2018
NICE To Acquire Mattersight, Bolstering its Leadership in Cloud
Customer Service Analytics, Business Wire
Key Recent News Key Recent News
Apr 2018
Upland Software and Thavron Solutions Announce Alliance to
Deliver More Flexible IT Financial Management (ITFM) and
Technology Business Management (TBM), PR Newswire
Apr 2018
Thoughtonomy Puts Artificial Intelligence in the Hands of the
Business User With the Release of its Latest SaaS Platform, PR
Newswire
Apr 2018
Upland Software Speeds Requests for Proposal (RFP) Through
Upgraded Integrations with Microsoft Office 365 and Salesforce®
Solutions, PR Newswire
Apr 2018 Interfax sold to US tech firm in €30m deal, 0
Apr 2018 Syntel Reports First Quarter 2018 Financial Results, GlobeNewswire
Apr 2018
Automation Anywhere Increases Investment in India, Opens New
Facility in Bengaluru, PR Newswire
Apr 2018
Bright Pattern, Leading Provider of Omnichannel Cloud Contact
Center Software, Integrates with NICE Workforce Optimization, PR
Newswire
Apr 2018
Jacada Visual IVR Chosen by Leading Global Insurance and Financial
Services Provider for its Canadian Operation, 0
Apr 2018 Thoughtonomy Partners with Codebase8, RealWire
Apr 2018
Astound Integrates with ServiceNow to Make Every App Intelligent
with AI-Driven Automation, PR Newswire

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
$198M
$59M
$239M
$192M
0
2
4
6
8
10
12
14
16
$0k
$50M
$100M
$150M
$200M
$250M
$300M
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
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

1 2 1 2 1 3
6
1
5
3
9
4
1 2 1 3 2 4 1
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
2
8
Total # of Rounds
$2M $250K $2M $5M
$34M
$15M $29M
$28M
$190M $137M
$5M $55M $167M $31M $50M $50M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$0K $0K $0K
$55M
$153M
$31M
$190M
$170M
0
1
2
3
4
5
6
7
0
20000000
40000000
60000000
80000000
100000000
120000000
140000000
160000000
180000000
200000000
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
3
1
6
17
$2.3M $4.6M
$0.0M
$2.0M
$4.0M
$6.0M
$8.0M
$10.0M
$12.0M
$14.0M
0
2
4
6
8
10
12
14
16
18
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
- - - 1 1 1 6 2 $2.3M $1.6M - $5.5M $10M $13.1M - $4.6M
$2M
$192M
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
Bellevue 181M 5
New York City 150M 9
Bucharest 150M 2
Bay Area 143M 17
London 123M 6
Alpharetta 64M 13
Frankfurt Am
Main
55M 1
Austin 31.4M 2
Bromsgrove 25M 1
Mississauga 16.7M 2
Total Funding
32
16
8
3
2
1
# Rounds
$607M
$379M
$21.1M
$16.7M
$2.3M
$250k
US
Europe
India
Canada
Israel
Australia
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$2.3
$0.0 $0.3 $0.0
$2.2
$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; 2011-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$250K* $3M
$2.1M $30M
$1M $120M
$5M $153M
$32.8M
$15M
$9.5M
$2.2M
Series C+
Series B
Series A
Seed
Stage

Note: 15 companies with undisclosed funding amount are not included
20
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
2
10
20
3
3
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 May 2018
Distribution of companies by Funding Range
$500K
$28M
$412M
$195M
$441M
$ Investment

Stage No. of Companies
Funding
Funnel
100%
38%
23%
19%
10%
21
Note: Numbers in the brackets show the count of companies
Time to raise
next round
14
26
32
53
138
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
38% 9%
(12)
7%
(10)
11%
(15)
2%
(3)
49%
(67)
60% 21%
(11)
17%
(9)
19%
(10)
2%
(1)
19%
(10)
81% 25%
(8)
19%
(6)
25%
(8)
3%
(1)
-9%
(-3)
54% 31%
(8)
23%
(6)
27%
(7)
4%
(1)
15%
(4)
- 29%
(4)
21%
(3)
36%
(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
8
5
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; May 2016-May 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
$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
LATE STAGE
PE May 2016
HCAP Partners
EARLY STAGE
$120M - Series B Mar 2018
KPCB, Accel Partners, Credo Ventures, Earlybird
Venture Capital, Seedcamp, CapitalG
$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
$25M - Series B Dec 2017
Records digitization and management service
GV, Telstra Global, Icon Ventures, KPCB, Lux Capital,
Silicon Valley Bank

Robotic Process Automation > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Robotic Process Automation; May 2016-May 2018
Notable Investments in last 24 months (2/2)
EARLY STAGE
$25M - Series B Aug 2017
Records digitization and management service
Icon Ventures, KPCB, Lux Capital, Silicon Valley Bank
$25M - Series B Jul 2017
Robotic process automation based account
receivable management.
Kennet Partners, Eight Roads Ventures
$11.5M - Series A Jan 2018
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 (May 2013-May 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
KPCB(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
Inovia Capital
WorkFusion
6
Accel Partners
UiPath
7
Seedcamp
UiPath
8
Icon Ventures
Ripcord
9
Earlybird Venture Capital
UiPath
10
LATE STAGE
NGP Capital
WorkFusion
1
Georgian Partners
WorkFusion
2
Arago
3
HCAP Partners
Resolve Systems
4
Zobito
Automic
5
Elvaston Capital Management
Stonebranch
6
St. Cloud Capital
Resolve Systems
7

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

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
Market Deep Dive

GRC Software Customer Service Software
Apr 2018
GovTech
Apr 2018Apr 2018

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 - May 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)
K2 (2000, Bellevue, $170M)
49 21 $554M
Enhanced Automation
Companies offering a platform to process unstructured data like emails, quotations, images
and autom....
Blue Prism (2001, London, Public)
55 25 $418M
Basic Automation
Companies that use macros/scripts to automate repetitive tasks such as data capture or data
inferenc....
OpenSpan (2005, Alpharetta, Acquired)
Intradiem (1995, Alpharetta, $32M)
31 7 $104M
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 25 | Funded 10 | Total Funding $520M)
$253M
(-$15.2M)
6
(-5)
UiPath
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 (May 2016 - April 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
multiple business functions
(Companies created 25 | Funded 10 | Total Funding $520M )
2 UiPath (2005, Bucharest, $150M)
2
Enhanced Automation > Multi-Industry > Document Processing > Digitization
Companies that use Optical Character Recognition (OCR), Intelligent Character Recognition (ICR) and other
technologies to extract data from the paper documents
(Companies created 3 | Funded 1 | Total Funding $74.5M )
1 Ripcord (2015, Hayward, $74.5M)
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 (May 2016 - April 2018)
Robotic Process Automation > Market Details > Top Markets of Early Stage Investors

Incubators
Seed RTP Ventures (#1), Greycroft Partners (#1)
Series A/B FTV Capital (#1), Azure Capital (#1)
Series C+ Francisco Partners (#1), Hawk Equity (#1)
Datamatics Global Services
May - 2004
IPO'd on BOM
$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)
Seed
Cogito (2013, Makati)
$153M - Series C
K2 (2000, Bellevue, $170M)
May 2018
K2 Simplifies Workflow Development and Brings Cloud
Features to Updated On-Premises Version, GlobeNewswire
Apr 2018
Thoughtonomy Puts Artificial Intelligence in the Hands of
the Business User With the Release of its Latest SaaS
Platform, PR Newswire
Apr 2018
Futran Solutions, Inc. Partners With Automation Anywhere
to Strengthen its AI, RPA Offerings to its Clients, PRWeb
Apr 2018
IT Firm Datamatics Acquires 75% Stake In RJ Globus
Solutions, Franchise India
Apr 2018
UiPath Opens First U.S. Development Center in Bellevue,
Wash., Business Wire
Mar 2018
Fujitsu Concludes RPA Software Sales Partnership
Agreement with UiPath, PressReleasePoint
Mar 2018
UiPath to use new funds to double headcount in India,
Indiatimes
Mar 2018
Romanian UiPath included among top 31 tech unicorns in
Europe, Romania Insider
Mar 2018
Symphony Ventures Accredited as UiPath Official Training
Partner, ReadITQuik
Mar 2018 UiPath raises $153 million led by Accel , Angel News
Mar 2018
Romanian firm emerges as leader in automating business
tasks, Reuters
Mar 2018
Robotics process firm UiPath to hire 100 engineers, Business
Line
Mar 2018
UiPath raising around $120M at $1B+ valuation for its
‘software robots’ for internal business tasks, TechCrunch
News
0
1
2
3
4
$0k
$50M
$100M
$150M
$200M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
4
8
10
25
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
mu....
K2
(2000, Bellevue, $170M)
UiPath
WorkFusion
(2010, New York City, $121M)
Arago
(1995, Frankfurt Am Main, $55M)
KryonSystems
(2008, Franklin Lakes, $12M)
Top Companies
#1 Top Markets of Investment Activity
Robotic Process Automation > Market Details > Market: Multi-Function
Companies Created 25 | Funded 10 | Total Funding $520M
Market: Multi-Function

Cognitive Automation > Multi-Industry > Multi-Function: Top Companies
Analyst’s Pick
Investors
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

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 - - 8 195k 3.8k 6k 72 71k 57% 3 8% 61 2%
4.8
Datamatics
Global Services
1975 Mumbai Public $3M - 4 - 5 6 179k 794 6k 85 -7k -4% 4 5% 45 6%
4.6 HeadAI 2016 Pori Funded - - 4 - - - 7M 400 2k 32 -2.6M -27% 15 46% 180 81%
4.3 UiPath 2005 Bucharest Series B $150M - - - 4 29 35k 58k - - -15k -30% - - 4.1k 7%
4.1 Arago 1995
Frankfurt
Am Main
Funded $55M - - - 4 6 1.1M 1.7k - - 409k 61% - - 94 6%
3.9 WorkFusion 2010
New York
City
Series E $121M - - - - 19 143k 2.5k - - -64k -31% - - 275 13%
3.7 Celaton 2004
Buckingha
m
Series A $4M - - - - 3 10M 392 - - 6M 78% - - 26 7%
3.5 Ditto 2017 Manchester Series A $5.5M - - - 4 1 3.9M 11 - -
-
32.2M
-89% - - - -
3.3 Intellibot 2015 Hyderabad Unfunded - - - - 4 - 1.8M 724 - - -2.6M -60% - - 1.9k
-
166%
3.0 Genfour 2012 Cwmbran Acquired - - - - - 1 10M 1.2k - -
1458
M
39236
%
- - - -
2.8 Net Smile 2013 Tokyo Unfunded - - - - 4 - 4.6M 7 - - 107k 3% - - 1 17%
2.6 Instaknow 2009
South
Plainfield
Unfunded - - - - 3 - - 112 - - - - - - -4 -4%
2.4 KryonSystems 2008
Franklin
Lakes
Series B $12M - - - - 9 923k - - - 12k 1% - - - -

Incubators
Seed
Series A/B GV (#1), Telstra Global (#1)
Series C+
None
$25M - Series B
$25M - Series B
$9.5M - Series A
Mar 2018
CEO of $250 million Hayward startup steps down after
harassment allegations from 19-year-old employee, The
Business Journals
Dec 2017
Google Ventures invests in Ripcord’s paper digitizing
robotics service, TechCrunch
Aug 2017
Ripcord Raises $40M in Funding Led by Icon Ventures,
Business Wire
Mar 2017 Ripcord lands $9.5 mln Series A in KPCB-led round, PE Hub
News
0
1
2
3
4
$0k
$10M
$20M
$30M
$40M
$50M
$60M
$70M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
-
1
1
3
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enhanced Automation > Multi-Industry > Document Processing > Digitization: Market Factsheet
39
Exits
Recent Investments
YoY Funding and Rounds
Companies that use Optical
Character Recognition (OCR),
Intelligent Character Recognition
(ICR) and ....
Ripcord
(2015, Hayward, $74.5M)
GlyphX
(2008, Bangalore)
Lateetud
(2015, Washington D.C.)
Top Companies
#2 Top Markets of Early Stage Investors
Robotic Process Automation > Market Details > Market: Digitization
Companies Created 3 | Funded 1 | Total Funding $74.5M
Market: Digitization

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
40
Enhanced Automation > Multi-Industry > Document Processing > Digitization: Leaderboard
Robotic Process Automation > Market Details > Market: Digitization
#2 Top Markets of Early Stage Investors
Better than Market Average
Market: Digitization
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 GlyphX 2008 Bangalore Unfunded - - - - 3 - 10M 13 - - 5M 32% - - - -
2.5 Ripcord 2015 Hayward Series B $74.5M - - - - 4 2M 1 - - -189k -9% - - - -
0.0 Lateetud 2015
Washingto
n D.C.
Unfunded - - - - - - 5.2M - - - -6.9M -56% - - - -

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
41
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies
43
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)
$1.2B $186M $11.8M LON:PRSM
Nov 2014
Upland Software (2010, Austin)
Cloud-based enterprise work management software
$599M $172M $74.8M NASDAQ:UPLD
May 2004
Datamatics Global Services (1975, Mumbai)
$107M $137M 7.44 BOM:532528
Oct 1999
Software solution for customer self service and agent assisted
interactions
JCDA
Aug 1997
Syntel (1980, Troy)
IT automation services, recursive, and intelligent automation using
SyntBots
$2.4B $275M $967M 13.46 NASDAQ:SYNT
Jul 1995
Cicero (1988, Cary)
$1.5M CICN
Robotic Process Automation > Exit Outlook > Public Companies

Notable Acquisitions (1/2)
44
Notable Acquisitions in Robotic Process Automation
Robotic Process Automation > Exit Outlook > Notable Acquisitions
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
2015
Acquirer: Battery Ventures Deal: $100M

Notable Acquisitions (2/2)
45
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
46
Robotic Process Automation > Exit Outlook > Most Active Acquirers

Acqui-hires
47
List of Acqui-hires in Robotic Process Automation
Excludes all details for Chinese companies
Date Target
Jan-18 ALMATO Acq by DATAGROUP
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 11 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
48
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 (May 2013 - Apr 2018)
Index of Most Active VC & PE Investors
SEED STAGE
TDF Ventures
Ideaspring Capital
Finaves
Icebreaker
Kickstart Ventures
s28 Capital
XSeed Capital
EARLY STAGE
KPCB (2 Investments)
Kennet Partners (2 Investments)
Vertex Ventures (2 Investments)
Accel Partners
Credo Ventures
Seedcamp
CapitalG
Inovia Capital
Mohr Davidow Ventures
Lux Capital
Icon Ventures
GV
LATE STAGE
NGP Capital
Georgian Partners
Elvaston Capital Management
HCAP Partners
St. Cloud Capital
Zobito

TDF Ventures
51
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] 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

52
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] 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] 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
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
None
1
2013 2014 2015 2016 2017 2018
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
Israel

Ideaspring Capital
53
Robotic Process Automation > Investors > Ideaspring Capital
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
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
54
Robotic Process Automation > Investors > Kickstart Ventures

s28 Capital
55
Robotic Process Automation > Investors > s28 Capital

XSeed Capital
56
Robotic Process Automation > Investors > XSeed Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
57
Seed Stage
Early Stage
Late Stage

KPCB
58
Robotic Process Automation > Investors > KPCB

Kennet Partners
59
Robotic Process Automation > Investors > Kennet Partners

Vertex Ventures
60
Robotic Process Automation > Investors > Vertex Ventures

Accel Partners
61
Robotic Process Automation > Investors > Accel Partners

Credo Ventures
62
Robotic Process Automation > Investors > Credo Ventures

63
Robotic Process Automation > Investors > Earlybird Venture Capital

Seedcamp
64
Robotic Process Automation > Investors > Seedcamp

CapitalG
65
Robotic Process Automation > Investors > CapitalG

Inovia Capital
66
Robotic Process Automation > Investors > Inovia Capital

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

Lux Capital
68
Robotic Process Automation > Investors > Lux Capital

Lux Capital
69
Robotic Process Automation > Investors > Lux Capital

70
Robotic Process Automation > Investors > Insight Venture Partners

71
Robotic Process Automation > Investors > Eight Roads Ventures

GV
72
Robotic Process Automation > Investors > GV

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
73
Seed Stage
Early Stage
Late Stage

NGP Capital
74
Robotic Process Automation > Investors > NGP Capital

Georgian Partners
75
Robotic Process Automation > Investors > Georgian Partners

76
Robotic Process Automation > Investors > Kohlberg Kravis Roberts

HCAP Partners
77
Robotic Process Automation > Investors > HCAP Partners

St. Cloud Capital
78
Robotic Process Automation > Investors > St. Cloud Capital

Zobito
79
Robotic Process Automation > Investors > Zobito

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

Robotic Process Automation > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Robotic Process Automation; Q1 2013 - Q1 2018
Index of Ecosystem Investors
INCUBATOR
The Hive (2 Investments)
AngelCube
Axilor Ventures
OTHER NOTABLE INVESTORS
Silicon Valley Bank (2 Investments)
Velocity Fund Finals (2 Investments)
91springboard
Abstract Ventures
ANYON
CIT Bank
Citizens Bank
Francisco Partners
Hawk Equity
inovia
IP Group
JMI Management

The Hive
82
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)
AI enabled virtual assistant for IT operations
[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] Percolata (2012, Palo Alto, $5M, Seed)
Workforce Management Solutions for Retail
[Minicorn] Altizon (2013, Pune, $4.1M, Series A)
Build connected devices and process data at scale
[Editor's Pick] Lightning Labs (2016, San Francisco, $2.5M, Seed)
Bitcoin Mainnet
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

AngelCube
83
Robotic Process Automation > Investors > AngelCube
Investments
[Editor's Pick] BreezeDocs (2013, Melbourne, $250k, Seed)
Automated document processing software application
[Minicorn] LIFX (2012, Melbourne, $13M, Series A)
Smart LED bulbs
NoneNone
1
2013 2014 2015 2016 2017 2018
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
Australia

Axilor Ventures
84
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, $6.5M, Series A)
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
[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] MUrgency (2014, Mumbai, Seed)
Emergency response medical app
[Editor's Pick] UrbanPiper (2011, Bangalore, Seed)
Loyalty and rewards platform for brands, merchants and businesses
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
85
Incubators
Other Notable Investors

Silicon Valley Bank
86
Robotic Process Automation > Investors > Silicon Valley Bank

87
Robotic Process Automation > Investors > Third Kind Venture Capital

CIT Bank
88
Robotic Process Automation > Investors > CIT Bank

Citizens Bank
89
Robotic Process Automation > Investors > Citizens Bank

Francisco Partners
90
Robotic Process Automation > Investors > Francisco Partners

91
Robotic Process Automation > Investors > Goldman Sachs Bank USA

Hawk Equity
92
Robotic Process Automation > Investors > Hawk Equity

inovia
93
Robotic Process Automation > Investors > inovia

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
May 2018
NICE Reports 10% Revenue Growth for the First Quarter 2018
Along with 32% Growth in Cloud Revenue, Business Wire
May 2018 Blue Prism Achieves CA Veracode Verified Status, PR Newswire
May 2018
Upland Software Reports First Quarter 2018 Financial Results, PR
Newswire
May 2018
K2 Simplifies Workflow Development and Brings Cloud Features to
Updated On-Premises Version, GlobeNewswire
May 2018
Infosys and Astound Partner to Deliver Better Service Experience
Through an AI enhanced Enterprise Service Management Café,
PRWeb
May 2018
QBE Partners With HyperScience To Drive Immediate Operational
ROI With Practical Artificial Intelligence, PR Newswire
May 2018
NICE Cognitive Robotic Automation Platform Expands on Amazon
Lex’s Self-Service Capabilities by Transforming Chatbot Requests
Into Real-Time Customer Fulfillment, Business Wire
May 2018
Upland Software Enables Superior Customer Service and IT Support
Through Upgraded Version of its KCS® v6 Verified Knowledge
Management (KM) Solution, PR Newswire
Apr 2018
ignio™ Wins Award for First Use of Machine Learning Within the
Workload Automation (WLA) Analytics Industry, PR Newswire
Apr 2018
NICE To Acquire Mattersight, Bolstering its Leadership in Cloud
Customer Service Analytics, Business Wire
Apr 2018
Upland Software and Thavron Solutions Announce Alliance to
Deliver More Flexible IT Financial Management (ITFM) and
Technology Business Management (TBM), PR Newswire
Apr 2018
Thoughtonomy Puts Artificial Intelligence in the Hands of the
Business User With the Release of its Latest SaaS Platform, PR
Newswire
Apr 2018
Upland Software Speeds Requests for Proposal (RFP) Through
Upgraded Integrations with Microsoft Office 365 and Salesforce®
Solutions, PR Newswire
Apr 2018 Interfax sold to US tech firm in €30m deal, independent.ie
Apr 2018 Syntel Reports First Quarter 2018 Financial Results, GlobeNewswire
Apr 2018
Automation Anywhere Increases Investment in India, Opens New
Facility in Bengaluru, PR Newswire
Apr 2018
Bright Pattern, Leading Provider of Omnichannel Cloud Contact
Center Software, Integrates with NICE Workforce Optimization, PR
Newswire
Apr 2018
Jacada Visual IVR Chosen by Leading Global Insurance and Financial
Services Provider for its Canadian Operation, directorsclub.news
Apr 2018
Astound Integrates with ServiceNow to Make Every App Intelligent
with AI-Driven Automation, PR Newswire

Recent News (2/2)
97
Robotic Process Automation > News > Recent News
Apr 2018
NICE inContact CXone Named 'Winner' in Three 2018 CRM Service
Award Categories Further Strengthening Its Leadership as the
Number One Enterprise Cloud Customer Service Platform, Business
Wire
Apr 2018
Kryon Seizes the Future of RPA With Dramatic Rebrand That
Captures The Power of Human and Robotic Collaboration, PR
Newswire
Apr 2018
Futran Solutions, Inc. Partners With Automation Anywhere to
Strengthen its AI, RPA Offerings to its Clients, PRWeb
Apr 2018
Datamatics TruBot Makes its Debut in the Everest Group's PEAK
Matrix for Robotic Process Automation, PR Newswire
Apr 2018
Ayehu Announces Integration with Cherwell Software,
GlobeNewswire
Apr 2018
Syntel Partners with Esko for Life Sciences Labeling and Packaging
Solutions, GlobeNewswire
Apr 2018
IT Firm Datamatics Acquires 75% Stake In RJ Globus Solutions,
Franchise India
Apr 2018
WorkFusion Raises $ 50 Million for Series E Financing to Bring
Artificial Intelligence-Based Software Robots to Businesses, PR
Newswire
Apr 2018
Jacada Selected by Leading American Telecom to Provide Real-Time
Robotic Process Automation, Agent Guidance, and Desktop
Unification, PressReleasePoint
Apr 2018
fusionZONE Automotive Announces Acquisition of MotorWebs, Inc.,
PR Newswire
Apr 2018
Global Consumer Electronics Powerhouse Moves Over 500 Agents
to NICE inContact CXone, PressReleasePoint
Apr 2018 Thoughtonomy Appoints Director of Global Channels, RealWire
Apr 2018
UiPath Opens First U.S. Development Center in Bellevue, Wash.,
Business Wire
Mar 2018
AutomationEdge Announces Industry's First RPA as a Service
(RPAaaS) Offering to Jumpstart Intelligent Automation, PR Newswire
Mar 2018
Upland Software Launches Industry's First Knowledge-Enabled
Professional Services Automation (PSA) Solution, PR Newswire
Mar 2018
Jacada Introduces the Autonomous Customer Experience Suite with
the Recent Release of Jacada Interact V.10, PressReleasePoint
Mar 2018
Fujitsu and Blue Prism Announce Global Collaboration for
Delivering Enterprise Robotic Process Automation (RPA),
PressReleasePoint
Mar 2018
Blue Prism Continues Rapid Global Expansion Opening New Office
in France, Citybizlist
Mar 2018
Fujitsu Concludes RPA Software Sales Partnership Agreement with
UiPath, PressReleasePoint
Mar 2018
NICE Announces the Industry’s Largest Ever Customer Experience
User Event Interactions 2018, May 14-16, in Orlando, Business Wire
Mar 2018
Blue Prism Unleashes Full Potential of Digital Workforces Powered
by Artificial Intelligence, GlobeNewswire
Mar 2018
NICE Receives Robotics Achievement Award from Leading Industry
Researcher, 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

GRC Software Customer Service Software
Apr 2018
GovTech
Apr 2018

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 (1/3)
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
Stage: Acquired
Kepha Partners
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
Multi-Industry
Software solution for customer self service and
agent assisted interactions
IPO Date Oct 1999 Mcap -
IPO Mcap -
- JCDA P/E -
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 $1.2B
IPO Mcap $186M
LON PRSM P/E -
Cloud-based enterprise work management
software
IPO Date Nov 2014 Mcap $599M
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
Editor's Pick. Stage: Seed
AngelCube

103
Enhanced Automation
Multi-Industry
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)
IT automation services, recursive, and intelligent
automation using SyntBots
IPO Date Aug 1997 Mcap $2.4B
IPO Mcap $275M
NASDAQ SYNT P/E 13.46
Multi-Industry
Investors
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 $107M
IPO Mcap -
BOM 532528 P/E 7.44
Intellibot (2015, Hyderabad)
AI-enabled robotic process automation platform
Editor's Pick. Stage: Unfunded

Funded Deadpooled Companies
104
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

Vedanth HN
Senior Analyst
Team
105
For research queries write to us at myanalyst@tracxn.com
Sandip Kumar Jain
Senior Research Manager

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