Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

London Business automation start-up Softomotive closes $25m Series A

Business automation start-up Softomotive has closed a $25m (£19m) Series A with London-based Grafton Capital.

Marios Stavropoulos, CEO and co-founder of Softomotive, said that with this “injection of growth capital” the company will move its headquarters from Greece to London.

Thanks to this, he said, “Softomotive will expand its global footprint and accelerate the development of its product roadmap with a special emphasis on desktop automation and RPA for medium-sized enterprises.”

“Right from the start,” added Argyris Kaninis, COO and co-founder of the company, “Softomotive has proven to be a pioneer and innovator in the RPA marketplace.

“With our unique portfolio comprising both installed and server-based RPA software, we are well placed to serve enterprises of all sizes and this new partnership with Grafton Capital will help us achieve our future goals, including being a disruptive influence on the growing RPA market.”

Oliver Thomas, who led the investment for Grafton Capital and will join Softomotive’s Board of Directors commented: “We have spent the last months talking to industry leading enterprises in the US, Europe and Asia, all of whom have made rigorous assessments and selected Softomotive’s products ahead of other RPA leaders.

“It’s a great privilege to be working with founders who have built a world-class product and have a clear vision as this exciting software category moves from early adoption to mass deployment.”

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