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Robotic Process Automation has recently become the name of the game in enterprise software. Companies use advances in machine learning algorithms and other types of artificial intelligence, as well as large data badytics to speed everything from mundane tasks to more complex decisions.
To highlight opportunities and market growth, a start-up belonging to the broader segment of process automation is announcing a significant fundraiser. Signavio, a Berlin-based company that provides tools for business process management – "providing the" P "in RPA", as described by the company – got a $ 177 million investment, which we understand to be a valuation of $ 400 million.
This cycle is vast in itself, but even more so given the fact that before, the company – founded in 2009 – had raised only $ 50 million before, according to data from PitchBook. This latest capital injection is led by Apax Digital (the capital development team of Apax Partners), with DTCP. He notes that existing investors Summit Partners also retain a stake in the company with this transaction.
The company was created by a team of Alunorians from the Hbado Plattner Institute in Potsdam, Germany, who used the research they did to create the world first web modeler for business process management and badysis as a template for Signavio's own Process Manager. (The name "Signavio" appears to be a "navigation in signals" baggage, which basically explains the basic principles of what BPM wants to do to help a company make decisions.)
Partly because of the money collected so little, Signavio has been somewhat overshadowed, but it has grown tremendously. Revenues have increased more than 70% in the last 12 months and its software is used by more than one million users from 1,300 customers, including SAP, DHL, Liberty Mutual, Deloitte, and Comcast. Puma. Silicon Valley is the second head office these days. This trajectory will be followed further with this latest financing: Signavio indicates that the funding will be used partly for the international expansion of the company.
"Ten years ago, we embarked on a move to combat the tedious practices that limit business productivity," said Dr. Gero Decker, CEO and co-founder of Signavio, in a statement. "This significant new investment confirms our approach to solving business problems faster and more efficiently, unleashing the power of processes through our unique business transformation suite. We are excited to welcome Apax Digital as the new lead partner and look forward to leveraging our current success by leveraging the operational capabilities and global platforms of our partners for our international expansion. "
The other area of investment will be the technological suite of the company. As long as BPM This concept has been around for years. In fact, many other companies offer tools that are sometimes compared to those of Signavio, ranging from Biggies like IBM to Microsoft, to Kissflow and others. Interestingly, it is the interest aroused more recently, as companies began to further automate their IT infrastructure, in part to reduce the human labor needed for more mundane back office tasks and in the future. part to reduce costs and speed up processes.
Robotic process automation companies such as UiPath and Blue Prism bring some of the same processing tools as Signavio, although the advanced argument is that the latter – which says that it is useful to " extract, model, monitor, manage and manage 'customer data – provides a more sophisticated level of data processing that can be used for RPA or other purposes. (It also works with many of the major RPA players, mainly Blue Prism but also UiPath and Automation Anywhere.)
"As companies become globalized and their workforce spreads, business processes multiply and become more complex," said Daniel O'Keefe, Managing Partner, and Mark Beith, Managing Director, Apax. Digital, in a joint statement. "Signavio's native cloud suite enables a company's employees to collaborate and transform their business by digitizing, optimizing and ultimately automating their processes. We are extremely pleased to partner with the Signavio team and support their vision. The two men will also join Signavio's board of directors for this round.
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