Signavio gets investment of 177 million dollars

The Berlin startup Signavio has announced that it has received an investment of 177 million dollars (157 million euros), valued at 400 million dollars. The startup provides solutions for business process management.

Signavio claims to supply the P in RPA (Robotic Process Automation), writes TechCrunch. The startup was founded in 2009 by a team of former students of the Hasso Plattner Institute in Potsdam, Germany.

The founders used research they did at the institute to create the world’s first web modeler for business process management and analytics, as a template for their own Process Manager.

So far, Signavio has raised only $50 million in investments, leaving the company relatively unknown. Nevertheless, there has been considerable growth. Over the past twelve months, sales have grown by more than 70 percent, and the software is said to be used by more than one million users at 1,300 customers. Customers include SAP, DHL and Comcast.

Investment

The startup already has plans for the investment, says Dr. Gero Decker, CEO and co-founder of Signavio. This significant new investment validates our approach to solving business problems faster and more efficiently, releasing the power of processes through our unique Business Transformation Suite.

Decker goes on to say that Apax Digital is the startup’s new leading partner. Signavios cloud-native suite enables employees to collaborate in an enterprise and transform their business by digitizing, optimizing and ultimately automating their processes, says managing partner Daniel OKeefe and managing director Mark Beith of Apax Digital.

Technology

In addition, investments are made in the company’s technology suite. Although RPA companies such as UiPath and Blue Prism offer some of the same processing tools as Signavio, many say the startup provides a more advanced level of data crunching that can be used for RPA.