Softomotive, a leader in robotic process automation (RPA), closed its Series A financing round of $25 million with Grafton Capital. This investment will help Softomotive build on its position in the rapidly-expanding RPA market.
Grafton Capital is based in London and makes minority investments in rapidly growing, founder-owned software companies across Europe. Softomotive has selected London as it’s home city and recently moved to new offices.
Designed to reduce the burden of simple repetitive tasks on employees, RPA software robots can be programmed to follow such multiple-step workflow applications as receiving forms, sending receipt messages, reviewing and filing completed forms, and updating spreadsheets with form names, dates filed, and file locations.