The formerly Athens-based startup, Softomotive, has raised a new investment round worth $25 million for its software focused on automation functions for companies.
Softomotive provides a robotic process automation service which learns to perform different tasks and features as needed by the company so as to provide a more efficient business, VentureBeat reported.
“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,” Marios Stavropoulos, co-founder and CEO, Softomotive said, as reported by VentureBeat.
Vodafone, IBM, Intel, KPMG and Siemens are among customers of the now London-based company, with it having switched home-bases as part of this investment.
The Series A investment round came from Grafton Capital, a venture capital company founded by Oliver Thomas in 2014.
“We have spent the last months talking to industry leading enterprises in the U.S., Europe, and Asia, all of whom have made rigorous assessments and selected Softomotive’s products ahead of other RPA leaders,” Thomas said.
The new investment round will be used by the startup to expand its services on an international scale. The company was founded in 2005.
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