ElectroNeek Raises $20M in Series A Funding

Funding Rounds

▤ Summary

ElectroNeek, a San Francisco, CA-based robotic process automation (RPA) platform for managed service providers (MSPs) and IT teams, raised $20m in Series A funding. The round, which valued ElectroNeek at over $100m, was led by Baring Vostok with participation of AICPA and existing investors – YellowRockets.vc, Dragon Capital, I2BF, Angelsdeck, Gokul Rajaram and others. Led by Sergey Yudovskiy, CEO, ElectroNeek offers a suite of software solutions to allow companies of all sizes to automate repetitive tasks, which simplifies IT processes and reduces costs. They can also take care of bot development and administration and offer RPA-as-a-Service subscriptions which can provide a source of recurring revenue for them. Enterprises use ElectroNeek to replace legacy RPA vendors, save on costly bot licenses and automate a myriad of routine business processes so that they can focus on more high-priority IT tasks.

$ Funding

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Amount $20.0M Total raised
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Date May 28, 2021 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
EduTech - institutions
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Robotic Process Automation Intelligent Document Processing AI-powered Automation

▦ Linked Companies

ElectroNeek
$10M to $25M