Is the RPA market in trouble?

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A $200 million loan from Silicon Valley Bank, SVB Capital and Hercules Capital was secured by Automation Anywhere.

The magnitude and timing of the Automation Anywhere raise suggest it was more of a necessity than a choice.

The new financing will provide operational capital for the next several years as Automation Anywhere continues to advance its cloud-native automation platform. Artificial intelligence and intelligent automation are being used to design tech that is accessible to all.

The business of Automation Anywhere is robust, with a customer base of around 5,000 and over 50% revenue growth, but investors are skeptical that the technology can deliver on its many promises.

UiPath, Automation Anywhere's main competitor, plummeted in value this year. Blue Prism agreed to sell itself to Vista Equity Partners for over one billion dollars.

The growth rate for the segment will be lower than it was in the previous year, when it expanded by 30.9%, according to a new report by the research firm. It would translate to 19.5% growth over the course of the next two years.