MMC leads RPA Supervisor’s $5 million Seed round as the first external investment in the business
RPS Supervisor has also appointed a new board member and investor, Pascal Baker, formerly founder of Symphony Ventures and pioneer in the Intelligent Automation Market. The investment will boost the startup’s innovation capabilities, feeding into Research & Development and expansion across EMEA and the US.
Richard Hall, CEO and founder of CloudOrigin, led the Technology and Operational Due Diligence for MMC. “Once again, the team at MMC have identified a specialist European tech firm with huge global growth potential, helping to solve the complexity which can arise for clients attempting to manage and scale their Robotic Process Automation implementations”.
The Robot Process Automation (RPA) market where software technology automates digital tasks through robots has experienced rapid growth during the past 18 months. However, 30-50% of RPA projects fail. This often stems from the management of robots once deployed to production. Currently, organisations are forced to manually monitor, allocate schedules, and fix operational issues to make sure that business-critical work is done. This holds back scaling of RPA and increases total cost of ownership.
With robots taking on more manual tasks across different departments such as sales, HR, finance, and banking, it’s critical that the robot workforce is effectively managed. RPA Supervisor is a web-based platform which automatically orchestrates existing RPA solutions within an organisation and provides management capabilities which are highly responsive – ensuring stable operations 24/7 without any human intervention. This reduces the amount of time spent on mundane tasks by up to 100%, and the response-times for incoming work by up to 80%.
Its advanced prioritisation engine drastically optimises RPA resources by monitoring all aspects of RPA operations, delivering insights and real time reporting to manage performance and stability of operations and speed up digital transformation projects. Through business-oriented orchestration, organisations can check the health, status and capabilities of robots, status and work rate for all processes, workload for each process and SLA adherence of each process and worker.
“As enterprise investment in RPA continues to accelerate, we see a strong need for the orchestration layer that will enable expansion beyond RPA across multiple parts of the enterprise automation cycle, driving further deployments of robotic processes, said Mina Samaan, Principal at MMC Ventures. We’ve been impressed with Erik and the team’s ambition and understanding of the problem, having been buyers and implementers of this technology themselves. We are confident that this team can deliver on the scope of their ambition, and we’re excited to be the first institutional investors behind them.
RPA Supervisor partners with leading RPA Vendors such as UiPath, Blue Prism, Automation Anywhere & Microsoft, along with Consulting and Reselling partners including EY, Accenture, CGI, Reveal Group, Avo Consulting, and Digital Workforce.
For more information on the deal from RPA Supervisor [ Click here ] and press coverage from Private Equity Wire [ Click here ]