RPA Supervisor, the creator of the first Intelligent Automation Management (“IA”) Platform and pioneer of the category, has raised $20 million in Series A funding. The investment round was led by Dawn Capital (that backed Fonoa and Medusa) with participation from s16vc and existing investors, MMC Ventures.
Focus on US expansion
This latest investment follows the initial seed round that was raised nine months back. The fresh funds will fuel RPA Supervisor’s expansion in the US market. It will also be channeled to accelerate the company’s mission to propel the role of intelligent automation in achieving successful digital transformation.
This includes the development of new platform capabilities that will elevate Microsoft Power Automate Desktop to an enterprise-grade automation solution with more sophisticated orchestration and queuing functionality built into the platform. It will also provide a single interface to monitor, manage and control digital workers, employees and IA technologies across the enterprise.
“Enterprises come to us to reduce costs and improve overall efficiency, but they quickly realise that’s merely scratching the surface of the value and competitive advantage created when you align desired business outcomes with fully integrated automation operations. With this latest investment we can focus on evolving the platform to deliver results beyond RPA that are felt broadly across the business,” said Erik Lien, RPA Supervisor CEO and Co-Founder.
“For too long, companies have had to make do with rigid RPA solutions that achieve great things for simple tasks but break down across complex, interdependent processes,” said Henry Mason, Partner at Dawn Capital. “RPA Supervisor transforms this with its unique orchestration platform enabling teams to collaborate seamlessly across systems and departments. We’re thrilled to be working with Erik and his amazing team to deliver on the promise of automation at scale.”
Mina Samaan, Partner at MMC Ventures commented, “We’re excited to be backing Erik and this impressive team again alongside Dawn and s16vc. We continue to believe in their vision to deliver on the promise of automation in the enterprise software stack, starting with RPA and moving into AI-driven processes across the business. The ROI for clients to increase efficiency and cost savings is clear, but the real magic is in the scaling potential RPA Supervisor unlocks for the enterprise.”
Aleks Shamis, s16vc Co-founder added “With so many RPA solutions on the market already and many more to come due to a virtually infinite diversity of companies and processes, there needs to be a solution to orchestrate them all. We are the fund that bets on founders. Erik’s experience in the space and vision of the future of RPA is what got us excited. We believe that Erik and his team can grow RPA Supervisor to be the control center that enables companies to govern and optimize their entire automation toolkit.”
Bets big on intelligent automation
RPA Supervisor was founded in 2018 in Norway by Erik Lien, Anders Frostad and Tobias Gundhus to reduce the operational inefficiencies that limit RPA. The platform is proven to increase utilisation by at least 50% and reduce manual effort by over 85% to streamline the operation of all major RPA/IA software robots, creating greater business value and accelerating scale, with fewer dedicated resources.
RPA Supervisor adds advanced monitoring and orchestration capabilities to an enterprise’s automation tools, bringing operational resilience to these mission-critical technologies and enabling companies to adopt automation with higher confidence and speed.
With intelligent automation at its heart, RPA Supervisor is currently utilised by global enterprises who seek to streamline operations by eliminating mundane and repetitive tasks to improve productivity and accuracy. Its clientele includes UiPath, Blue Prism, Automation Anywhere and Microsoft Power Automate.