German RPA consultancy Roboyo lands €21 million investment

RPA (Robotic Course of Automation) consulting Roboyo has raised 21 million euros from the expansion capital specialist MML Capital.

Since launching in 2015, Roboyo has shortly constructed a market share within the world RPA panorama. The three co-founders – former enterprise consultants Nicolas Hess, Christian Voigt, and Sven Manutiu – began the corporate after discovering that RPA gross sales world wide have been doubling yearly.

Roboyo positions itself as a specialised implementation accomplice, beginning with the consulting part, through which strategic automation potentialities are recognized, by means of to the event and implementation part of RPA options. Half a decade after launch, the founders appear to be sitting fairly in a booming RPA market.

World RPA software program builders like UiPath, Blue Prism, and ABBYY all fall on Roboyo’s partnership record. The corporate helps RPA customers throughout Europe and the world in growing and deploying these options. Clients embody the monetary companies, automotive, manufacturing, healthcare and retail sectors, amongst others.

Nicolas Hess identified that the majority organizations today have a use case for RPA. “Many firms are absolutely automated of their factories, however many processes within the again workplace are nonetheless operating as they have been 30 years in the past,” he instructed Handelsblatt. Roboyo helps the modernization and at present works with a workforce of 120 professionals in six areas, together with the headquarters in Nuremberg and different places of work in Europe and the USA.

“We’re a world firm and need to change into primary in our section sooner or later,” mentioned Hess. A large quantity of € 21 million raised in Serie A by MML Capital Companions of London is certain to assist Roboyo obtain this aim. Funding was facilitated by company finance agency Alantra, which works intently with MML and different funding companions.

Based on Alantra Director Simon Roberts, RPA is a market to be careful for due to its wide selection of purposes. “RPA is likely one of the quickest rising software program subsectors and is anticipated to obtain vital consideration within the coming years as firms search to extend their RPA adoption and develop their digital transformation methods,” he mentioned.

Whereas Covid-19 has finished rather a lot to squeeze the funds in circulation, the demand for RPA companies definitely hasn’t damage as firms have realized how far they should go on their digitization journey. “We had the most effective months in our historical past,” mentioned Hess, describing the Covid 19 disaster and all that adopted.

Based on Christian Voigt, buyers are conscious of this development that has put Roboyo in a very good place to find funding. “We had a alternative of funding companions and selected MML due to their distinctive partnership method and our shared imaginative and prescient of future alternatives for the clever automation market,” he mentioned.

Sven Manutiu, in the meantime, acknowledged that the cash will likely be used to fund the enlargement of the size and geographic attain. “With this funding, we are able to help extra clients in additional areas as companions of their transformation into the digital age. With MML, we’ve got discovered the proper accomplice to additional speed up our enterprise and appeal to the most effective expertise out there, ”he mentioned.

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