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Signavio raises $177M at a $400M valuation for its business process automation solutions

July 11, 2019 / Ingrid Lunden

Robotic Process Automation has been the name of the game in enterprise software lately with organizations using advances in machine learning algorithms and other kinds of AI alongside big-data analytics to speed up everything from performing mundane tasks to more complex business decisions.To underscore the opportunity and growth in the market, today a startup in the wider segment of process automation is announcing a significant fundraise. Signavio, a company founded out of Berlin that provides tools for business process management providing the P in RPA, as the company describes it  has picked up an investment of $177 million at what we understand is a valuation of $400 million.This round is large on its own, but even more so considering that before this the company  founded in 2009 had only raised around $50 million, according to data from PitchBook. This latest capital injection is being led by Apax Digital (the growth equity team of Apax Partners), with DTCP. It notes th...