RPA Program Cloud Expansion Technology To Get Millions Of Dollars A Round Financing

A few days ago, RPA products and solutions provider cloud expansion technology formally announced the completion of million dollar A round of financing, leading to Jinsha River venture capital, Ming capital. It is reported that this round of financing has set a new valuation for the domestic RPA track. Billion power network understands that this fund will be used to further improve products and expand the market.

RPA is the abbreviation of English Robotic Process Automation, which enables software robots to learn human work processes and actions through a set of intelligent software, so as to simulate human's spanactional work, and to emancipate human from simple and repetitive work. It can help enterprises improve their work efficiency while reducing the error rate caused by manual work.

The RPA industry started earlier in foreign countries. At present, the valuation of the head company in this field exceeds US $7 billion. The local RPA industry is catching up with the development stage.

After detailed research and analysis of the global RPA market, Zhang Yutong, partner of Jinsha River venture partners, said: "RPA delivery is not only a product, but a kilometre of RPA as a Service. Chinese RPA manufacturers will have very large local advantages. "

About 98% of the enterprise business software is running on the Microsoft Windows operating system platform, including Microsoft EXCEL, WORD and other office suite, as well as third party enterprise software. How to use intelligent and stable automation technology to manipulate these enterprise software to complete the business process is very familiar with those experts who are familiar with Microsoft technology.

Cloud expansion technology CTO Shi Qiufang said: "for the RPA platform: the stability, ease of use, safety, compatibility, intelligence and scalability of the robot are the core indicators to measure whether the product can attract large business customers and ensure the success of the customers." Cloud expansion technology's spontaneous RPA software has been launched quickly, and has been accepted by the market quickly.

In the early period of less than 2 years of entrepreneurship, cloud expansion technology has realized the growth of 400% of revenue. The service enterprises covered the Togo industry of finance, energy, manufacturing, retail, medicine and so on. Among them, there are many customers of the world's top 500 enterprises, which have realized the automation of hundreds of scenes, such as tax, personnel, sales, IT spanportation and so on. According to statistics, the intelligent RPA of cloud expansion technology can effectively enhance the operation efficiency of 80% of enterprises, save 50% of manpower cost, and reduce the error probability of repetitive work to below 0.1%.

Liu Chungang said that a significant difference between cloud expansion technology as a technology driven technology company and other RPA companies in the industry is that the development strategy of cloud expansion technology is positioned as a supplier of RPA technology and products.

Cloud expansion technology will join hands with world-renowned consulting companies and industry service providers to build RPA's "T ecological alliance". On the one hand, "cloud computing technology" has invested heavily in R & D costs, constantly excavating the depth of RPA technology, challenging the new heights of RPA software robots in terms of accuracy, compatibility, safety, intelligence, concurrency, fault tolerance, computing density, and processing capacity of unstructured data. By verifying the operation experience of tens of thousands of robots deployed in different industries, it will consolidate the leading position of China's independent research and development of RPA technology in the global market. On the other hand, "Lian Heng" is a cooperative partner in the industry, making full use of the partners' vertical accumulation in the vertical industry for several decades, reaching the business point of pain directly, and cutting into the service enterprises in a more rapid and precise way to bring continuous value to customers.

The McKinsey study indicates that in 2025, 1/3 will be replaced by RPA in the world. Cloud expansion technology is the innovation of RPA products, to solve the bottleneck of efficiency for enterprises, to explore the low-lying land of enterprise value, so that more people can engage in more valuable work, and achieve real "reduce the cost and increase efficiency" and "full staff innovation".