UiPath’s $225M Round: What Does This Mean For RPA?

Companies like UiPath have innovated RPA systems, such as with machine learning, computer vision, process mining, intelligent OCR (Optical Character Recognition) and NLP (Natural Language Processing). The result is that the bots are getting smarter.

“The funding for UiPath is consistent with our view of technology at the proverbial inflection point,” said Adib Ghubril, who is the research director at Info-Tech Research Group. “IBM has actively sought to strengthen its position in this market since the beginning of the year. Indeed, many believed that Automation Anywhere or UiPath would be the target. The fact that IBM opted for a much smaller player–WDG Automation–suggests that the big three–Automation Anywhere, BluePrism, and UiPath–are liking their odds of going-it-alone, at least for now.”

The UiPath round also highlights that the RPA market is massive and still in the early stages. “The adoption of RPA keeps growing as enterprises realize the benefits automation brings to operational efficiency, cost reduction, and employee and customer experience–making RPA one of the highest priorities for tech investments,” said Barry Cooper, who is the Enterprise Group President at NICE. “With the existing economic reality causing some enterprises to cut down on their workforce and look for cost efficiencies, RPA helps to maintain business continuity by complementing and assisting the existing workforce to do more with less. Robotic software can either take over some of the manual tasks to free up employee’s time for other important areas or assist the human workforce, side by side, with attended bots.”

“There is opportunity for small operators to provide unique and price competitive products to disrupt the digital world,” said Vadim Tabakman, who is the Director of Technical Evangelism at Nintex. “With the world focusing on how machine learning and artificial intelligence can help—there are interesting opportunities that small operators can investigate that larger ones will have a harder time to implement and modify their existing tools.”

Read more here: UiPath’s $225M Round: What Does This Mean For RPA (Robotic Process Automation)?

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