What is the best RPA software?

What is the best RPA software?

That depends on your company’s automation needs. So it is impossible to answer this one objectively  but I will answer a similar question: Which is the best funded RPA software provider?

This is a good proxy for success as investors are looking carefully at the RPA space and are betting on companies’ success with their money. So the best funded vendor should be the one that stands to profit most in the long run.

So we looked at the RPA software providers with top funding:

UiPath: $180M

BluePrism: $155M with $55M from previous investors and $100M from their post-IPO placing.

WorkFusion: $120M

AutomationAnywhere is another major player but we have not reached their financing information.

Disclaimers: This is a very high level exercise with some shortcomings:
We should ideally be looking at valuation because by giving away more of your company, you can raise more than your competitors even when markets favor your competitors. However, since most RPA vendors are private companies, valuation data is not public so we looked at funding amounts assuming all these major companies gave away similar percentages of ownership
This exercise favors older companies as they had more time to raise and burn funding. Except WorkFusion, these companies are of similar age so should not be a major issue.

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