Apr 21, 2020

Blue Prism Secures £100 Million in New Funding

Share
Twitter Twitter Twitter Twitter

Funding Strengthens Balance Sheet Allowing Continued Investment In Ongoing Product Development and Differentiation

LONDON, AUSTIN TX – April 21, 2020 Blue Prism announced today it has raised £100 million from existing and new investors, placing it in a strong position in the current economic climate. The funding will be used to further strengthen and protect Blue Prism’s balance sheet during a period of uncertainty for the wider economy, while allowing continued investment in the innovation of its dedicated enterprise intelligent automation suite.

In this new economic reality, automation has become a top business priority. Blue Prism is working to meet this demand by helping organizations stay resilient, responsive and competitive through the deployment of a Digital Workforce. The funding raised positions the business as a strong partner to its large enterprise customer base, well placed to accelerate Robotic Process Automation (RPA) adoption with organizations looking to maintain business continuity and alleviate the challenges of COVID-19 through intelligent automation.

"In this environment, our Digital Workers are arguably more important than ever in driving organizational adaptation and resilience, and our role as a strategic technology partner to our customers in many ways becomes more emphasized,” says Jason Kingdon, Executive Chairman and CEO of Blue Prism. “The capital raised positions us a strong partner to our enterprise customers as they increasingly look to securely scale beyond a simple Proof of Concept (PoC) while leveraging leading-edge AI and cognitive capabilities.”

Blue Prism reported achieving the fastest revenue growth of all large UK public software companies for the fourth consecutive year in 2019. Completing its most successful year in FY2019, Blue Prism reported an 83 percent revenue increase to £101m while boosting its customer base by 73 percent to 1,677 global enterprise accounts from the previous year. Blue Prism also added more than 700 new customers last year as it continued to execute on its vision of a Digital Workforce for Every Enterprise.

About Blue Prism

The Latest From Blue Prism

Webinar

Nordea | How OCR and chatbots enhance the Digital Workforce

Join the team from Nordea as they presents their journey. From OCR and chatbots the team has leveraged technologies to solve business challenges....

Register Now
Oracle Thumbnail
Blog

Getting to Market Faster: How to Improve Clinical Trials with RPA

Blue Prism’s Digital Workforce with Oracle’s InForm solution helps pharmaceutical organizations improve clinical trial efficacy and ensure regulatory ...

Read More
Thumbnail showing powerlines and the National Grid logo
Case Studies

National Grid Achieves 950% Return on RPA Investment Within Two Years

National Grid, an energy company in the US, was awarded with the 2020 Americas All Star Award for Value Driver Excellence in RPA.

Read More

The Future of Work Starts Now…

The world’s largest organizations rely on the Blue Prism Digital Workforce to optimize production processes, increase profitability and enhance customer experiences. Learn how our smart, secure, scalable, and successful Digital Workers can transform your business.

©2020 Blue Prism Limited. “Blue Prism”, the “Blue Prism” logo and Prism device are either trademarks or registered trademarks of Blue Prism Limited and its affiliates. All Rights Reserved.”