Robotic Process Automation (RPA) vendor Blue Prism has raised £100 million from existing and new investors, shoring up its position in the current economic climate.
The funding will be used to further strengthen and protect Blue Prism’s balance sheet during a period of uncertainty for the wider economy, while allowing continued investment in the innovation of its dedicated enterprise intelligent automation suite, the business said.
Blue Prism says, the funding raised positions the business as a strong partner to its large enterprise customer base, well placed to accelerate RPA adoption with organisations looking to maintain business continuity and alleviate the challenges of COVID-19 through intelligent automation.
“In this environment, our digital workers are arguably more important than ever in driving organisational adaptation and resilience, and our role as a strategic technology partner to our customers in many ways becomes more emphasised,” said Jason Kingdon, Executive Chairman and CEO of Blue Prism.
“The capital raised positions us a strong partner to our enterprise customers as they increasingly look to securely scale beyond a simple Proof of Concept (PoC) while leveraging leading-edge AI and cognitive capabilities.”