OpenBots announced that they have raised $5M from undisclosed private investors in its capital seed round.
“This new round of funding highlights the market’s demand for an alternative to burdensome license-centric RPA delivery models,” said OpenBots Chief Strategy Officer, Ali Chaudhry. “The capital infusion allows us to build on our robust ecosystem of intelligent automation tools and offers our customers the freedom to truly scale their RPA programs. Organizations can deploy a larger slate of automated processes by allocating their budgets to professional automation services.”
Out of the $5 million raised, $1M has been reserved by OpenBots for taking minority investment positions in other RPA Automation solution provider startups that focus on creating RPA Automation solutions specific to industries using the OpenBots platform.