Is the RPA market in trouble? | TechCrunch
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Automation Anywhere, one of the largest RPA vendors, raised debt instead of equity. Is that cause for alarm in the market?
Is the RPA market in trouble? | TechCrunch Startups Is the RPA market in trouble? Kyle Wiggers 10:00 AM PDT · October 9, 2022 Automation Anywhere, one of the best-funded RPA providers with over $1 billion capital raised to date, went the debt route this week, securing a $200 million loan from Silicon Valley Bank, SVB Capital and Hercules Capital. Debt raises aren’t necessarily a bad thing — they’re a useful tool, particularly for companies with high annual recurring revenue — but the magnitude and timing of the Automation Anywhere raise suggests it was more out of necessity than ch
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