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ShadowBot, a robot procedure automation (RPA) endeavor, introduced Tuesday that it has finished a spherical C of financing totaling $100 million, led by way of Goldman Sachs and an unknown CVC establishment, adopted by way of current shareholders GGV Capital and GL Ventures.
In July 2021, ShadowBot secured $50 million in financing led by way of Coatue Control, which had additionally invested in Uipath, the most important RPA corporate across the world. Coupled with a number of rounds of financing price tens of hundreds of thousands of greenbacks from GL Ventures and GGV Capital, ShadowBot has now finished financing of just about $200 million inside of two years.
ShadowBot used to be established in October 2019, and has since develop into a emerging celebrity available in the market. Company CEO Jin Lijian based the corporate with the preliminary purpose of “making an RPA product to be had for unusual customers.” Jin has been accountable for the R&D of goods for Alibaba
ShadowBot’s merchandise with low code bureaucracy have been to start with extensively used within the e-commerce box. In April 2020, because of the pandemic, the workforce introduced a industrial model, which gained the accept as true with of many enterprises akin to house cleansing answer supply Blue Moon, snack logo BESTORE, and e-commerce products and services supplier Ruoyuchen.
From July 2020 to December 2020, ShadowBot received hundreds of shoppers with out depending on any gross sales workforce. At the present, its merchandise are extensively carried out in e-commerce, finance, telecommunications and different fields.
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Guided by way of the philosophy of creating more straightforward equipment for customers, ShadowBot helps to keep upgrading its merchandise each and every two weeks. The corporate’s R&D workforce accounts for greater than 60% of all staff, and is anticipated to be expanded someday. ShadowBot has additionally constructed a developer group to supply customers with a platform for sharing tutorials and discussions.