ElectroNeek Raises $20M in Series A Funding
- ElectroNeek, a San Francisco, CA-based robotic process automation platform for managed service providers and IT teams, raised $20m in Series A funding
- The round, which valued ElectroNek at over $100m, was led by Baring Vostok with participation of AICPA and existing investors
- The company plans to use the funds to expand its engineering, product and support teams in North America, Latin America, Europe, the Middle East and India
- ElectroNeek offers a suite of software solutions to allow companies of all sizes to automate repetitive tasks, which simplifies IT processes and reduces costs
- MSPs use it to build and deploy RPA bots for their customers while retaining full control over the pricing of their RPA projects for end users
- The company now has 250 customers ranging from Fortune 500 companies and global consulting firms to smaller size MSPs in more than 40 countries
