RPA Supervisor Lands Cash To Help Companies Manage Their Various RPA Platforms
Proving that there’s room in the robotic process automation (RPA) market for another vendor, RPA Supervisor today announced that it raised $20 million in a Series A round led by Dawn Capital with participation from S16vc and existing investor MMC Ventures. The infusion, which brings the startup’s total raised to $25 million, will be put toward product development and growing RPA Supervisor’s overall headcount, CEO Erik Lien told TechCrunch via email.
RPA refers to tools that partially or fully automate manual, rules-based and repetitive software tasks. Led by behemoths like Automation Anywhere and UiPath, the RPA industry has been on an impressive upward trajectory as of late, with Forrester predicting that RPA-related services could bring in $16 billion by 2025.
But according to Gundhus, RPA vendors’ success masks the challenges that many organizations implementing RPA technologies are experiencing. One recent survey found that 69% of organizations that have adopted RPA experience broken automation pipelines at least once a week, with almost half (41%) saying that it takes five hours on average to fix them. A separate poll from Pega suggests that as many as 45% of RPA deployments take between one and two years to deploy — significantly longer than anticipated.
Credit to techcrunch
