OpenBots Secures $5 Million of Capital in Seed Funding


NEW YORK, March 30, 2021 /PRNewswire/ — OpenBots, the enterprise RPA platform with its revolutionary zero-cost bot licensing mannequin, at the moment introduced that they’ve raised $5M from undisclosed non-public buyers in its capital seed spherical. The funding will help the corporate’s initiative of democratizing automation applied sciences by means of a zero-cost bot licensing mannequin. As OpenBots continues to show heads within the automation trade with simply accessible end-to-end options, this fairness financing has allowed the corporate to additional differentiate themselves available in the market by accelerating funding into analysis and growth of latest trade automation wants.

OpenBots Zero Bot License mannequin advantages all kinds of Enterprises by:

  • Permitting Enterprises to scale RPA Automation applications infinitely with out licensing constraints
  • Monetizing and/or Extending the scope of RPA Automations by encapsulating them as APIs
  • Using Zero license on-prem Bot Orchestration or usage-based Cloud Bot Orchestration
  • Offering Bot Elasticity primarily based on variable Bot utilization necessities

“This new spherical of funding highlights the market’s demand for an alternative choice to burdensome license-centric RPA supply fashions,” mentioned OpenBots Chief Technique Officer, Ali Chaudhry. “The capital infusion permits us to construct on our sturdy ecosystem of clever automation instruments and affords our prospects the liberty to actually scale their RPA applications. Organizations can deploy a bigger slate of automated processes by allocating their budgets to skilled automation companies.”

Together with automation instruments, OpenBots additionally affords premium companies resembling automation help packages and automation QuickPacks that present organizations with a quick and tangible solution to kickstart an automation program utilizing OpenBots or migrate their industrial license bots to the OpenBots zero-cost platform. “These new rounds of investments give us the extra gas we have to go warp-speed in constructing a sturdy and dependable product group for our prospects,” says CTO and Co-Founding father of OpenBots, Ashish Nangla. “It hastens our plans to repeatedly present our prospects with further options and capabilities in our enterprise-grade Automation Platform with out being chained right down to an costly and inflexible licensing mannequin.”

With the investments, OpenBots has delivered on their promise to offer further options. Accompanying OpenBots Studio, Server, and Agent, the corporate not too long ago launched OpenBots Discovery for course of evaluation, administration, and pipeline constructing, and can be launching OpenBots Paperwork, an clever automation doc processing software.

Out of the $5 million raised, $1M has been reserved by OpenBots for taking minority funding positions in different RPA Automation resolution supplier startups that concentrate on creating RPA Automation options particular to industries utilizing the OpenBots platform. To be taught extra about OpenBots and their zero-cost bot licensing platform, contact [email protected] or go to openbots.ai.

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Patrick Santiago
Electronic mail tackle: [email protected]
Phone quantity: 800-713-7278

SOURCE OpenBots



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