Softomotive: Robotic Process Automation
Grafton Capital invested a Series A financing round of $25m in Softomotive, one of the leading worldwide providers of Robotic Process Automation software. Softomotive is trusted by more than 7,000 companies worldwide, and provides attended and unattended Robotic Process Automation. This significant investment will help Softomotive build on its strong and growing position in the rapidly-expanding RPA market, and the business will also relocate its headquarters to London.
Softomotive was one of the early pioneers of RPA with WinAutomation, and has since strengthened its market position with ProcessRobot, a leading enterprise RPA platform, including best-of-breed 3rd party AI tools. Together, these products, covering both attended (robots interacting with humans) and unattended (robots working independently) automation, serve enterprises of all sizes, enabling customers to start small, learn quickly and scale seamlessly.
“With this injection of growth capital and with London as its new base, Softomotive will expand its global footprint and accelerate the development of its product roadmap with a special emphasis on desktop automation and RPA for medium-sized enterprises,” said Marios Stavropoulos, CEO and Co-Founder of Softomotive. “We look forward to working with Grafton Capital as we enter our next growth phase.”
“Right from the start, Softomotive has proven to be a pioneer and innovator in the RPA marketplace,” added Argyris Kaninis, COO and Co-Founder of Softomotive. “With our unique portfolio comprising both desktop and server-based RPA software, we are well placed to serve enterprises of all sizes and this new partnership with Grafton Capital will help us achieve our future goals, including being a disruptive influence on the growing RPA market.”
Oliver Thomas, who led the investment for Grafton Capital and will join Softomotive’s Board of Directors commented: “We have spent the last months talking to industry leading enterprises in the US, Europe and Asia, all of whom have made rigorous assessments and selected Softomotive’s products ahead of other RPA leaders. It’s a great privilege to be working with founders who have built a world-class product and have a clear vision as this exciting software category moves from early adoption to mass deployment.”