Blue Prism launches venture fund to expand global use of cloud RPA
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Last April, robotic process automation company Blue Prism bolstered its own balance sheet with a $ 124 million financing round, allowing the enterprise-class software robot maker to expand its suite of AI agents and dashboards. Now the company is launching a venture fund to provide RPA technologies to new customers, starting in the Asia Pacific region, before expanding to “the entire globe”.
Blue Prism Ventures is designed to provide companies with little or no RPA experience with the strategic and technical capabilities to deploy AI software agents, starting with developing intelligent automation business plans and the Blue Prism tools to execute those plans required are. The company’s first company is Blue Vision Korea, a partnership between Blue Vision and technology company GTPlus that gives South Korean customers access to three key elements: a drag-and-drop design studio to create custom software process automations, a digital workforce of software robots that Learn and mimic business processes using AI, and a control room to assign and monitor automations from software agents.
The launch of Blue Prism Ventures is significant to technical decision makers as it shows how intensely software robotic process automation companies are ready to partner with prospects to win business this year, accelerating the global adoption of AI technology . While RPA can significantly increase business efficiency without people having to perform red app tasks – or having to use armies of AI agents to process data in ways that individual human operators cannot even imagine – it is becoming more and more obvious that many older companies either hold hands or need incentives to begin the transformative journey. Venture-level support is likely to ease the initial friction of onboarding and ultimately see an upward trend for both clients and Blue Prism.
Blue Prism’s technology promises to automate almost any app on any platform, from PCs to web browsers to cloud systems. This week Blue Prism expanded its presence in the cloud with the support of Bring Your Own License for the Azure Marketplace and AppSource from Microsoft. The new offering includes cognitive services such as Azure Computer Vision, Form Recognizer and Text Analytics, which Blue Prism users can use to license the services Microsoft needs directly while benefiting from Blue Prism AI accelerators that have already been developed. Blue Prism users can access over 175 product-specific Microsoft accelerators for enterprise automation, including those specific to Healthcare Cloud, Power Automate, and Power Platform.
Blue Prism is based in London with a main office in Austin, Texas. The company has been in operation since 2001 and has been traded on the stock exchange since 2016. The company now has around 2,000 customers worldwide – most of them “at the beginning of their RPA journey” – and supplies Accenture with digital employees, DuPont, Google, IBM, Jaguar / Land Rover, KPMG and Microsoft, among other large companies.
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