Softomotive, now a UK-based robotic process automation (RPA) company, has raised $25 million in a Series A funding round led by Grafton Capital. The scale-up has also announced that it's just relocated to London from Greece.
Softomotive's Windows desktop automation tool, WinAutomation, has been used by more than 7,000 companies worldwide, the company stated in a press release. Its main function is to build and maintain what's known as software robots, which is a way of process automation. Another product developed by the company, ProcessRobot, is an enterprise RPA platform with a high level of security and controls.
“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,” said Marios Stavropoulos, CEO and Co-Founder of Softomotive. “We look forward to working with Grafton Capital as we enter our next growth phase.”