OpenBots validates zero-robot licensing model

EDISON, NJ, May 13, 2022 (GLOBE NEWSWIRE) — OpenBots, the enterprise RPA+ platform with its innovative zero-bot licensing model, today announced it has raised an additional $15 million in growth capital. This investment was made by the same group of private investors that invested in its seed round and followed the acceleration of market momentum.

OpenBots continues to turn heads in the robotic process automation industry by forgoing the “exorbitant license-per-bot model” of its peers and simply charging for the orchestration and support that enables its customers to scale their automation programs endlessly.

This latest funding has allowed OpenBots to further differentiate itself in the market by accelerating investment in the research and development of new solutions for the ever-changing automation needs of the industry.

Ashish Nangla, CEO of OpenBots, has repeatedly said that he’s been asked if OpenBot’s Zero Bot license is too good to be true or financially feasible.

“I would say that OpenBots is the most economically viable of all the RPA companies on the market today. Almost all of these companies took money too quickly from venture capital and/or private equity firms and lost their pride of ownership and independence.Any short-term gyration in revenue or earnings gets them into trouble, and we are already seeing that with many RPA companies being bought out by private equity investors and other large corporations for significant discounts, there is immense pressure to show continued licensing revenue growth, which is at odds with what is good for their customers who are struggling to scale due to these licensing costs,” Nangla said.

OpenBots remained disciplined by working closely with its key investors and focused solely on delivering a world-class product and customer experience and challenging the “pay per view” licensing pricing model. bot”, which he claims is fundamentally flawed.

“OpenBots and its investors are aligned with the long-term vision of disrupting the RPA industry. Without the constant pressure to generate growth for quarterly earnings or a quick exit, we have the flexibility to do what is best for our customers, and in the end, it will create the most value for our shareholders and investors,” Nangla said.

“We are seeing a sea change in customer engagements. Customers have gone beyond simply evaluating a multi-vendor strategy and are now implementing large-scale platform migrations to OpenBots from their legacy vendors,” said Ali Chaudhry, Chief Strategy Officer of ‘OpenBots. .

“This new capital injection validates the market dynamics we know and allows us to continue to invest in cutting-edge technologies like the OpenBots Ninja migration tool to deliver customer-centric solutions,” Chaudhry continued.

OpenBots is the world’s most transparent and scalable enterprise automation solution, with a comprehensive Studio allowing developers to create automations and flexible orchestration on-premises or in the cloud with OpenBots Server and OpenBots Cloud Server.

OpenBots has developed best-in-class capabilities to support automation and transformation programs of any size. Additionally, the Enterprise RPA+(plus) platform offers OpenBots Ninja as a migration tool to transfer automations from other RPA systems to OpenBots.

Other essential tools are OpenBots Business Center, used to coordinate workflows between bots and humans, and OpenBots Documents, an IDP engine for processing structured and unstructured data and documents.

OpenBots Academy is a free resource for developer training and certification. OpenBots support is available for organizations that need personalized product support, and the platform offers a global network of implementation partners.

To learn more about OpenBots and free robot licensing, visit https://openbots.ai.

Related images

Image 1: OpenBots proves the no-bot licensing model

From left to right, Ali Chaudhry, CSO and Ashish Nangla, CEO of OpenBots.

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  • OpenBots Proves Zero-Bot Licensing Model

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