Venture Capital Deals Of The Week: Goldman Sachs Leads $250M In Robotics Startup

by: VCDeals

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Business automation: Goldman Sachs (NYSE:GS) Growth Equity co-led a $250M Series A round in robotics company Automation Anywhere, which automates “mundane” tasks with robots. New Enterprise Associates also led with participation from General Atlantic and World Innovation Lab. The round pushed valuation up to $1.8B.

Automation Anywhere’s main product uses natural language processing to automate entire business processes. The company plans to use the funds to expand its market and global customer engagements and to develop products. Automation Anywhere says it has seen a 150% revenue growth from existing customers with 98% renewing contracts over the past year. Total customers exceed 1K.

Competition: Blue Prism (OTCPK:BPRMF) and UiPath, a unicorn with $183M in total funding with backers including Accel and CapitalG (GOOG, GOOGL).

International payments: Tencent (OTCPK:TCEHY, OTCPK:TCTZF) co-led the $80M Series B round in payments company Airwallex. Sequoia Capital also led with participation from Hillhouse, Horizon Ventures, Central Capital Ventura, and Square Peg. The round brought total funding up to $102M.

Australia-based Airwallex offers integrated solutions for international money transfers by combining payment collection, foreign exchange, and local payment distribution. Airwallex will use the funds to accelerate expansion of its cross-border payment tech in the UK, North America, and Canada. The company also plans to continue developing a product suite for Australian SMEs.

Competition: TransferWise ($396M in funding, Andreessen Horowitz among backers) and Payoneer ($270M in funding, Susquehanna among backers).

Biometrics authentication: Citrix Systems (NASDAQ:CTXS) participated in a $16.5M Series B round in authentication solutions company Veridium. NEX Group’s Michael Spencer led the round with help from Michael Powell, and all the participants will join Veridium’s board of directors.

Veridium uses biometrics like face and fingerprint sensors in a smartphone for its authentications instead of passwords or tokens. The company plans to use the new funding to accelerate its biometric tech development and to scale its sales and marketing infrastructure through the Americas, Europe, and Asia.

Competition: Francisco Partners’ Cross Match Technologies and Diamond Fortress Technologies ($2.7M in funding).

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