7 years ago

Blue Prism to Raise $130 Million in Stock Offering

  • Blue Prism, a robotic process automation (RPA) firm, announced that it will raise £100 million (approximately $130 million) by issuing new stock

  • The company plans to use the funds to enhance its platform with help from partners, a move the company hopes will propel it into the future

  • The announcement comes after the company reported significant losses in its most recent fiscal year

  • The move, which requires shareholder approval, will be used to push the company's plans to begin enhancing the platform with help from partners.

      • ProblemTechnology

      "Many businesses are still using outdated and inefficient manual processes that can lead to errors, delays, and increased costs."

      Solution

      "Blue Prism offers a platform that helps businesses automate their processes using robotic process automation (RPA). This can help businesses save time and money, improve accuracy, and free up employees to focus on more strategic tasks."

      Covered on