Blue Prism raises over $120m to enhance its RPA suite
Blue Prism has raised $124m in equity financing at a valuation of around $1.2bn. The funding brings Blue Prism’s total raised to nearly $200m and comes after it achieved the fastest revenue growth of all large UK public software companies for the fourth consecutive year in 2019.
The fresh capital will be used to strengthen Blue Prism’s balance sheet while allowing investment in the company’s automation suite. In the current environment, RPA solutions are more important than ever in driving organisational adaptation. With this in mind, Blue Prism launched a COVID-19 Response Program in mid-March this year, working with the NHS, the University of California, and the Leeds Building Society to automate HR, personnel, finance, vaccine development and other health care support functions.
The programme already encompasses nearly 50 projects across multiple industries and has donated hundreds of digital workers (software licences) and thousands of service hours, helping alleviate the disruption caused by COVID-19.
Built on Microsoft .NET, Blue Prism’s eponymous platform automates virtually any app on any platform in environments ranging from terminal emulators to web browsers and services. It’s designed for multi-environment deployment models with both physical and logical access controls, with a centralised release management interface and process change distribution framework that provides a level of visibility.