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ShadowBot Raised $50M In Series B

by sol-admin
Shadowbot Raises $100M In Series C Funding Round

ShadowBot is Chinese RPA software capable of simulating various human operations, including mouse clicks, keyboard input, information retention, data verification, batch operations, and repetitive work. By automating software applications and objective decision-making, ShadowBot helps hundreds of e-Commerce companies optimize human efficiency. Today, the company announced it has raised as much as $50 million in its Series B round led by global technology-focused investment manager Coatue Management.

The oversubscribed round was joined by a slew of existing investors including Hillhouse Capital’s venture capital firm GL Ventures, GGV Capital, Redpoint China Ventures, and GSR Ventures, per a company statement. The four investors alongside Chuxin Capital and In Capital have had infused $10 million in ShadowBot’s Series A round funding last year.

ShadowBot will allocate the proceeds to R&D and product development. According to its website, ShadowBot has served over 10,000 companies including prominent names like sports equipment producer Decathlon, dietary supplements major By-Health, jewelry brand Chow Tai Fook, among others.