Elsewhere, Kryon secured $40 million, Softmotive pulled together a $25 million tranche from a host of investors, and Automation Hero secured $14.5 million.īut Blue Prism claims it has a leg up with respect to success and renewal rate. Connectors to AI tools from Amazon, Google, and IBM joined marketplace tools that gave partners and customers the ability to create, share, and deploy plugins for the Blue Prism platform.īlue Prism competes against heavyweights like UiPath, which in April nabbed $568 million at a $7 billion valuation for its suite of AI-imbued process automation tools, and Automation Anywhere, which raised $290 million at a $6.8 billion valuation. Last year, Blue Prism launched a new AI engine, an updated marketplace for extensions (Blue Prism Digital Exchange), and a lab for AI research and development (Blue Prism Labs). Enterprise customers also get access to Wireframer, an automation builder that prepopulates automations and helps reduce design time by a claimed 70%, as well as Blue Prism Cloud IADA, which leverages AI to adjust on-premises and cloud resource utilization by taking into account network infrastructure and app performance. From the Blue Prism Cloud Hub, they’re able to access a window with live feed overviews and environment-specific analytics for utilization, process completion times, and performance against service-level agreements. And its Decipher module, which recently exited beta, ingests, extracts, and transforms data from documents like vendor contracts, claims forms, emails, spreadsheets, purchase orders, and field reports.Įnterprise customers gain access to Blue Prism Cloud, a fully integrated, software-as-a-service offering with pre-integrated skills. Blue Prism’s Process Discovery module takes snapshots of work queues at defined periods to gather activity and metrics and collates everything in a shareable dashboard.
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It’s also scalable - the company says its top 50 clients use 500 software robots, on average. It supports regulatory, security, and governance contexts such as PCI-DSS, HIPAA, and SOX, and its process coding is automated on the backend to allow users to program processes using a drag-and-drop interface.īlue Prism customers gain access to a reusable library of processes and objects for developing automations. The Blue Prism platform records system logins, changes in management, decisions, and actions taken by its software robots to identify statistics and operational analytics.
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It’s designed for multi-environment deployment models with both physical and logical access controls, with a centralized release management interface and process change distribution framework that provide a level of visibility.
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NET, automates virtually any app on any platform - including mainframes, Windows machines, and the web - in environments ranging from terminal emulators to web browsers and services. It’s recently come to the fore in light of the coronavirus pandemic - last month, Blue Prism launched a COVID-19 response task team, which worked with the U.K.’s National Health Service the University of California, San Francisco and the Leeds Building Society to automate HR, personnel, finance, vaccine development, and other health care support functions.īlue Prism’s eponymous platform, which is built on Microsoft. Robotic process automation - an industry that’s anticipated to be worth $10.7 billion by 2027, according to Grand View Research - is a form of workflow automation technology that taps AI to tackle digital tasks previously performed by humans.
Chair and CEO Jason Kingdon says the fresh capital will be used to strengthen Blue Prism’s balance sheet while allowing investment in the company’s automation suite. In a sign of the robotic process automation market’s continued strength in the face of an economic downturn, Blue Prism today announced that it has raised £100 million ($124 million) in equity financing at a valuation of around £1 billion ($1.24 billion). Missed the GamesBeat Summit excitement? Don't worry! Tune in now to catch all of the live and virtual sessions here.
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