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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
Social
XFacebook
Email ID
*****@arago.co
Phone Number
+49 **********
Key Metrics
Founded Year
1995
Location
Frankfurt Am Main, Germany
Stage
Acquired
Total Funding
$60.5M in 3 rounds
Last Known Valuation
$***** as on Apr 25, 2022
Investors
Ranked
Employee Count
23 as on Apr 30, 2026
Similar Companies
Exit Details
Acquired by Ogara (Apr 25, 2022)

arago's acquisition details

arago got acquired by Ogara on Apr 25, 2022 at an acquisition amount of $*****.
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
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arago's founders and board of directors

Founder? Claim Profile

arago'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:
Employee count trend for arago
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Redwood
Redwood
1993, Houten (Netherlands), Acquired
Platform offering business and IT process automation solutions
$383M
68/100
2nd
Logo for Serval
Serval
2024, San Francisco (United States), Series B
Developer of artificial intelligence agents for automated information technology workflows
$127M
63/100
3rd
Logo for Liongard
Liongard
2015, Houston (United States), Series B
Management of IT environments for MSPs and enterprise IT operations
$34.2M
63/100
4th
Logo for Resolve
Resolve
2014, Campbell (United States), Series B
Developer of an agentic automation and orchestration platform for IT
$15.6M
61/100
5th
Logo for N8n
N8n
2019, Berlin (Germany), Series C
Developer of platform for AI workflow automation and application integration
$254M
60/100
6th
Logo for Puppet
Puppet
2009, Portland (United States), Acquired
Provider of infrastructure automation platform for managing and securing IT infrastructure
$150M
56/100
7th
Logo for Kubiya
Kubiya
2022, Anguilla, Seed
Developer of software for automating engineering tasks and operational workflows
$12M
55/100
8th
Logo for Onetab
Onetab
2023, Singapore (Singapore), Seed
Cloud-based platform offering suite solutions for project manangement
$3.3M
53/100
9th
Logo for Northern.tech
Northern.tech
2017, Oslo (Norway), Seed
Provider of solutions for IT infrastructure configuration
$2.5M
53/100
10th
Logo for Leapwork
Leapwork
2015, Copenhagen (Denmark), Series B
Platform for automated testing and robotic process automation
$79.6M
52/100
19th
Logo for arago
arago
1995, Frankfurt Am Main (Germany), Acquired
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 acquires 51% of aragoSeeking AlphaFeb 01, 2021WISeKey, arago
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