PALO ALTO, U.S. -- SoftBank Group's Saudi Arabia-backed Vision Fund has invested in another billion-dollar unicorn, Silicon Valley-based Automation Anywhere.
The San Jose, California, tech company announced on Thursday that it has raised $300 million from Vision Fund. Automation Anywhere develops robotic process automation, which uses AI-based software to substitute for simple work done by humans, such as filling in vouchers. The company sees an opportunity to expand its business in Japan, which is suffering from a declining population and workforce and seeking to increase work efficiency.
