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Blue Prism announces £100M in new funding

Wednesday 30th January, 2019

Blue Prism has announced a placing of shares with new and existing investors (including directors and management) to raise £100M in fresh funding. This is subject to approval at the forthcoming shareholder general meeting on 11th February 2019.

The funds raised will help fuel the company’s connected-RPA vision along with planned investments in R&D, sales, marketing, customer experience, community and global expansion.

This follows the closing of the company’s third fiscal year (ended Oct. 31, 2018) since going public on the AIM market of the London Stock Exchange in 2016.

The financial results for FY18 demonstrate the group's continuing sales momentum and success with new and existing customers. Significant progress made in the US, ongoing international expansion, and continued product development will help service the rise in global demand for Blue Prism's enterprise level, connected-RPA offering.

“The outcome of this placing, which builds on another year of significant progress for the company, highlights the meteoric growth opportunity with RPA and intelligent automation,” said Alastair Bathgate, CEO and co-founder at Blue Prism. “In addition to our continued investment in the organisation, infrastructure and global expansion, we’ll use the £100M raised to drive our connected-RPA vision—empowering and connecting the entrepreneurs and innovators within an enterprise to adopt transformative technologies that enable them to be agile, disruptive and keep pace with changing market demands."