arago - About the company
arago is an acquired company based in Frankfurt Am Main (Germany), founded in 1995. It operates as an AI-based business process automation software. arago has raised $60.5M in funding from investors like KKR, WISeKey and Carson Private Capital, with last known valuation of $*****. The company has 208 active competitors, including 28 funded and 23 that have exited. Its top competitors include companies like Redwood, Serval and Liongard.
Company Details
Arago is a developer of AI-based IT and business process automation solution. The company has developed general problem-solving AI HIRO that manages and automates every process within a company from IT operations, business processes, and transactions. HIRO dynamically reacts to a changing environment and is able to autonomously solve even ambiguous and complex problems. HIRO learns best practices directly from experts through knowledge creation & management platforms. HIRO operates on a semantic data map which is based on the data companies generate. The semantics on the data map allows the machine to understand the environment it operates in. HIRO integrates into every IT environment, manages processes with CPU speed, achieves an average automation rate of 87% across the entire IT stack, stores & reuses learned knowledge and solves complex problems using dynamic reasoning. UBS, Mphasis, ZenSar, and CompuCom are part of its clientele.
- Website
- arago.co
- Email ID
- *****@arago.co
- Phone Number
- +49 **********
Legal entities associated with arago
arago is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
arago Gmbh CIN: HRB50142 , Germany, Active | Aug 14, 2000 | $10M - $50M (As on Dec 31, 2014) | 23 (As on Dec 31, 2018) |
arago's acquisition details
Click here to take a look at arago's acquisition in detail
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arago's funding and investors
arago has raised a total funding of $60.5M over 3 rounds. Its first funding round was on Oct 16, 2014. Its latest funding round was a Unattributed round on Aug 13, 2020 for $*****. 1 investor participated in its latest round. arago has 4 institutional investors.
Here is the list of recent funding rounds of arago:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 13, 2020 | 6223306 | Unattributed | 9084629 | 2428944 | 7922089 | 6692850 |
2016 | 8202 | PE | 7870 | 7449 | 7282 | 9773 |
Oct 16, 2014 | 6164463 | PE | 1928084 | 9105360 | 9598963 |
View details of arago's funding rounds and investors
arago's founders and board of directors
Founder? Claim Profilearago's Board of Directors
arago's board has 2 active members. Hans-Christian Boos is part of team and Bernhard Walther is independent board member.Here is the list of arago's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 5m | |
Independent board member | - | Current | 11y 5m | |
swyqmsn | Independent board member | - | Past | 6y 4m |
fwfqphm | Independent board member | - | Past | 1y 8m |
ezuv{bj | Independent board member | - | Past | 1y 1m |
bwsppzq | Independent board member | - | Past | 6y 4m |
weih{dh | Independent board member | - | Past | 2y 9m |
arago's employee count trend
arago has 23 employees as of Apr 26. Here is arago's employee count trend over the years:
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arago's Competitors and alternates
Top competitors of arago include Redwood, Serval and Liongard. Here is the list of Top 10 competitors of arago, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Redwood 1993, Houten (Netherlands), Acquired | Platform offering business and IT process automation solutions | $383M | 68/100 | |
2nd | Serval 2024, San Francisco (United States), Series B | Developer of artificial intelligence agents for automated information technology workflows | $127M | 63/100 | |
3rd | Liongard 2015, Houston (United States), Series B | Management of IT environments for MSPs and enterprise IT operations | $34.2M | 63/100 | |
4th | Resolve 2014, Campbell (United States), Series B | Developer of an agentic automation and orchestration platform for IT | $15.6M | 61/100 | |
5th | Developer of platform for AI workflow automation and application integration | $254M | 60/100 | ||
6th | Puppet 2009, Portland (United States), Acquired | Provider of infrastructure automation platform for managing and securing IT infrastructure | $150M | 56/100 | |
7th | Developer of software for automating engineering tasks and operational workflows | $12M | 55/100 | ||
8th | Cloud-based platform offering suite solutions for project manangement | $3.3M | 53/100 | ||
9th | Northern.tech 2017, Oslo (Norway), Seed | Provider of solutions for IT infrastructure configuration | $2.5M | 53/100 | |
10th | Platform for automated testing and robotic process automation | $79.6M | 52/100 | ||
19th | AI-based business process automation software | $60.5M | 45/100 |
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arago's Investments and acquisitions
arago has made no investments or acquisitions yet.
News related to arago
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WISeKey Announces the Sale of its 51% Stake in ARAGO for EUR 25.5 MillionGlobeNewswire•Apr 25, 2022•WISeKey, arago, WISE AI
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WISeKey Completes Integration of arago’s AI Capabilities with its Semiconductor ManufacturingGlobeNewswire•Jun 07, 2021•WISeKey, arago
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Arago, a WISekey company, signs a $5 million placement of TrusteCoin NFT token with iconomyGlobeNewswire•Jun 01, 2021•arago, WISeKey, iconomy
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