Deals
UiPath Rival Automation Anywhere Plans IPO as Soon as This Year
- SoftBank’s Vision Fund is large backer of software company
- Automation Anywhere was valued at $6.8 billion in 2019
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Automation Anywhere Inc., a software company backed by SoftBank Group Corp.’s Vision Fund, is preparing for an initial public offering that could happen later this year, according to people familiar with the matter.
The company, based in San Jose, California, focuses on robot process automation, which helps companies save time and money by automating repetitive, manual tasks such as entering data into spreadsheets.