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Backing for cutting-edge Automation Technology
arago AG's key product is "AutoPilot", a knowledge-based automation platform, which was developed over the last eight years. The platform is based on a unique combination of different technologies and high-performance algorithms. It enables companies to automate their entire IT-Stack, including heterogeneous IT environments and individual applications. AutoPilot applies reusable knowledge modules for processing tasks in a dynamic way and enables automation rates of up to almost 90 percent.
This visionary approach was acknowledged amongst others by Gartner analysts who named arago "Cool Vendor in IT Operations 2014", a designation given to those who support digitalization and the notion of "Big Change". arago's technology is used by large corporations with complex IT systems such as banks, telecommunication companies, IT service providers and outsourcers.
Commenting on the reasons for choosing KKR as an investor, Chris said: "I believe that we have seen a lot of disruption in the B2C space and that the next wave of drastic change will be seen in enterprise. Our automation solution, for example, is disruptive to the way enterprises run IT. This is where KKR's strong network and understanding of B2B business models is highly valuable to us."
Schönefelder, Director of the European Media &
KKR has a long track record of supporting companies in technology,
having invested more than
The arago investment is part of KKR's newly established growth equity effort, which focuses on selective investments in fast-growing, tech-enabled companies that sell highly differentiated products with global market potential and which are led by outstanding founders.
"KKR's growth equity initiative is highly tailored towards the needs of
entrepreneurs. Investing into companies like arago also gives us a
unique perspective when we look at larger investments across different
Other recent growth equity investments by KKR include Ping Identity, an identity security company whose technology aims to protect people's identity as they traverse myriad connected devices and cloud-connected applications at work and at home.
KKR is funding the investment primarily from the balance sheet of
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about
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