arago Receives Minority Investment from KKR
Summary
arago AG, a Frankfurt am Main, Germany-based specialist in IT automation, received a minority investment from KKR.The terms of the transaction were not disclosed.KKR will support the company’s global expansion.Managed by founders Chris Boos (CEO) and Dr. Bernhard Walther, arago provides AutoPilot, a knowledge-based automation platform that enables companies to automate their entire IT-Stack, including heterogeneous IT environments and individual applications.Its technology is used by large corporations with complex IT systems such as banks, telecommunication companies, IT service providers and outsourcers.
Funding
Amount
$55.0M
Total raised
Date
October 16, 2014
Announcement date
Investors
Kohlberg Kravis Roberts & Co. LP
Lead investors
Company
http://www.arago.co
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Almato AG
$5M to $10M