# ElectroNeek **Source:** https://geo.sig.ai/brands/electroneek **Vertical:** Infrastructure **Subcategory:** IT Operations **Tier:** Leader **Website:** electroneek.com **Last Updated:** 2026-04-14 ## Summary US YC W20 RPA-as-a-Service for managed service providers with 250+ customers in 40+ countries; $20M Series A Baring Vostok 2021 at $105M valuation with 400%+ license growth competing with UiPath for MSP channel automation. ## Company Overview ElectroNeek is a United States-based RPA-as-a-Service platform — backed by Y Combinator (W20) with $20 million in Series A funding in 2021 led by Baring Vostok at a $105 million valuation — providing managed service providers (MSPs) and IT service firms with robotic process automation technology designed for resale to their SMB and mid-market clients, enabling the managed service provider channel to deliver automation-as-a-service without building RPA infrastructure from scratch. Serving 250+ customers across 40+ countries including Fortune 500 companies and global consulting firms, ElectroNeek achieved 400%+ license revenue growth in 2020 and earned G2 Market Leader recognition in Market Momentum alongside UiPath and Automation Anywhere for two consecutive quarters. ElectroNeek's MSP-channel RPA model addresses the distribution bottleneck in the automation market: the companies that need process automation most (SMBs and mid-market companies with repetitive manual workflows) lack the IT sophistication to evaluate, implement, and maintain RPA tools themselves — and traditional RPA vendors (UiPath, Automation Anywhere) sell direct to large enterprises with dedicated IT departments. ElectroNeek's MSP-first architecture (a white-label RPA platform designed for service providers to rebrand, deploy, and manage for multiple clients from a single pane of glass) enables the 40,000+ managed service providers in North America to add RPA-as-a-service to their existing IT support and outsourcing offerings — reaching the SMB automation market through the trusted IT partner relationships that MSPs already hold. The consumption-based licensing model (MSPs pay per bot hour rather than per seat) allows service providers to match their cost structure to client billing. In 2025, ElectroNeek competes in the RPA-as-a-service, MSP automation tools, and intelligent process automation market with UiPath (NYSE: PATH, dominant enterprise RPA, $1.3B revenue), Automation Anywhere (AI-native RPA, $840M raised at $6.8B valuation), and Zapier (workflow automation, $1.4B raised) for managed service provider automation platform and SMB RPA-as-a-service channel adoption. Baring Vostok's Series A leadership reflects Eastern European technology investment conviction in automation infrastructure. Y Combinator W20 backing connects ElectroNeek with the enterprise automation technology investor community. The 2025 strategy focuses on growing the MSP partner network in North America and Western Europe, building the AI-enhanced automation for cognitive task handling beyond rule-based scripting, and expanding the marketplace of pre-built automation templates for common MSP customer workflow automation use cases. ## Frequently Asked Questions ### What is ElectroNeek? ElectroNeek is a robotic process automation (RPA) platform founded in 2019 that provides RPA-as-a-Service capabilities specifically designed for managed service providers (MSPs). The company aims to democratize access to automation technology by enabling MSPs to deliver automation solutions to their clients. ### What products and services does ElectroNeek offer? ElectroNeek offers an RPA platform for MSPs, AI-powered automation, RPA-as-a-Service, workflow automation, and bot management solutions. These services enable MSPs to provide automation capabilities to their customers. ### Who are ElectroNeek's target customers? ElectroNeek primarily targets managed service providers (MSPs) who deliver automation services to their clients. The company serves 250 customers across 40+ countries, including Fortune 500 companies and global consulting firms. ### When was ElectroNeek founded? ElectroNeek was founded in 2019 and participated in Y Combinator's Winter 2020 (W20) batch. ### Where is ElectroNeek headquartered? ElectroNeek is based in Santa Clara, California. ### What funding has ElectroNeek raised? ElectroNeek raised $20M in Series A funding in 2021, led by Baring Vostok, which valued the company at $105M. The company is also backed by Y Combinator and Plug and Play. ### What are ElectroNeek's key achievements and metrics? ElectroNeek achieved over 400% license revenue growth in 2020 and serves 250 customers across 40+ countries. The company was named Market Leader in G2's Market Momentum Report alongside UiPath and Automation Anywhere for two consecutive quarters. ### What is ElectroNeek's technology approach? ElectroNeek uses AI-powered automation and robotic process automation (RPA) technology delivered as a service (RPA-as-a-Service). The platform is specifically designed for MSPs to democratize access to automation technology. ### How does ElectroNeek compare to other RPA companies? ElectroNeek was named alongside industry leaders UiPath and Automation Anywhere as a Market Leader in G2's Market Momentum Report for two consecutive quarters. The company differentiates itself by focusing specifically on enabling MSPs to deliver RPA solutions. ### What are ElectroNeek's recent developments? Following its $20M Series A funding in 2021, ElectroNeek is expanding its presence into LATAM, Europe, and India. The company continues to grow its customer base, which currently includes 250 customers across more than 40 countries. ## Tags automation, b2b, infrastructure, platform, cloud-native, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*