UiPath is a Robotic Process Automation vendor that provides a software platform that helps organizations automate business processes.
The company specializes in robotic process automation technology, or software that helps companies save time and money by automating repetitive, manual tasks such as entering data into spreadsheets.
UiPath is delivering a true end-to-end hyper automation platform that combines the core RPA capabilities of building, managing, and running robots with tools for process discovery, and analytics to report clear business impact. New capabilities available include:
Process Mining visualizes business processes, deviations, and where to automate for the most impact. The software shows how robots and humans interact, and gives customers a data-driven approach to discover and continuously improve their processes.
UiPath Document Understanding AI helps users extract and interpret data from different documents and ensure end-to-end document processing. The tool works with a wide range of documents from structured to unstructured documents, recognizes different objects like handwriting or checkboxes, and can deal with various file formats.
Studiox is an automation design canvas for business users. The software offers a broader range of subject-matter experts to rapidly automate their work without the need for developer resources or coding.
UiPath Assistant allows users to schedule reminders for running attended automations. Background processes give attended robots the ability to concurrently run multiple automations that may monitor events or process jobs.
UiPath Automation Hub offers collaboration technology for employees and automation technology. Every employee can introduce ideas for automations, creating a gamification – or crowdsourcing – capability ideal for Robotic Operations Centers of Excellence to collect opportunities, and manage a pipeline of robots to free employees from mundane tasks across every corner of an enterprise.
Task Mining enables automation teams to capture, analyze, and prioritize processes run in any department. This platform gives the core automation team the ability to capture, analyze, and prioritize processes run in any department for automation.
AI Fabric bridges the gap between RPA and data science teams, helping enterprises automate more complex and cognitive processes. Model Retraining technology allows exceptions and corrections to make the models better over time. AI Fabric uses robots to optimize jobs over time.
The new round, which was led by Alkeon Capital, brings the company’s total funding to more than $1.2 billion. Other investors in the round include Accel, Dragoneer, Coatue Management, IVP, Sequoia Capital, Madrona Venture Group, Tencent, Tiger Global Management, Wellington Partners and T. Rowe Price and Associates.
The round led by Coatue Management. Joining Coatue in UiPath's Series D round were Dragoneer, Wellington, Sands Capital, and funds and accounts advised by T. Rowe Price Associates.
UiPath founded in 2005 has raised $409 million to date
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