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Uipath

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UiPath Market Research Report



Company Overview



Name, Mission of the Company


  • Company Name: UiPath

  • Mission: UiPath is on a mission to uplevel knowledge work so more people can work more creatively, collaboratively, and strategically. The AI-powered UiPath Business Automation Platform combines the leading robotic process automation (RPA) solution with a full suite of capabilities to understand, automate, and operate end-to-end processes, offering unprecedented time-to-value. For organizations that need to evolve to survive and thrive through increasingly changing times, UiPath is The Foundation of Innovation™.


Founding


  • Founded: 2005

  • Founders: No information available


Key People


  • CEO: Daniel Dines

  • Other Key Executives: Hank Prybylski (Global Vice Chair – Transformation, EY), Ajay Gupta (Chief Digital Transformation Officer, California DMV)


Headquarters


  • Headquarters: 1 Vanderbilt Ave, 60th Floor, New York, NY 10017


Number of Employees


  • Number of Employees: No information available


Revenue


  • Revenue: No information available


Notable for


  • Recognition: Recognized as a Leader in the 2024 Gartner Magic Quadrant for Robotic Process Automation and rated highly by users for ease of implementation and overall satisfaction.


Products



Overview of Products


UiPath offers a broad range of products geared towards automation and artificial intelligence, covering everything from process and task mining to intelligent document processing and communications mining.

Product Descriptions and Key Features



1. UiPath Studio
  • Description: A comprehensive automation design tool used to create workflows and automations.

  • Key Features:

  • Drag-and-drop interface

  • Pre-built templates and integrations

  • Supports both UI and API automation

  • Autopilot for automation suggestions and code generation


2. UiPath Orchestrator
  • Description: A central management system for managing, deploying, and monitoring robots.

  • Key Features:

  • Real-time analytics

  • Dashboard for monitoring robot activities

  • Integration with Automation Cloud and on-premises deployment

  • Centralized role and access management


3. UiPath Robots
  • Description: Intelligent robots that perform both attended and unattended automations.

  • Key Features:

  • Unattended robots for backend processes

  • Attended robots for desktop assistance

  • Test robots for application testing

  • Managed through Orchestrator


4. UiPath Automation Cloud
  • Description: Cloud-based platform offering RPA as a service.

  • Key Features:

  • Rapid provisioning

  • Integrated with other UiPath products

  • Scalable cloud solutions

  • No need for infrastructure setup


5. Document Understanding
  • Description: AI-powered document processing tool.

  • Key Features:

  • Supports various document types including PDFs, images, and handwritten documents

  • Machine learning models for improved accuracy

  • Integrated with UiPath Studio and Action Center for data validation


6. UiPath AI Center
  • Description: A hub for managing AI and machine learning models.

  • Key Features:

  • Pre-built AI models

  • Model training and retraining capabilities

  • Full lifecycle management

  • Integration capabilities with other UiPath products


7. UiPath Insights
  • Description: Tool for analytics and performance tracking.

  • Key Features:

  • Real-time and trend analytics

  • Custom dashboards

  • Performance tracking and reporting

  • Integration with other UiPath products for comprehensive insights


Recent Developments



New Product Launches and Features


1. Generative AI and Autopilot
  • Launch Date: July 2, 2024

  • Description: New AI-powered features to facilitate automation development and testing

  • Features: Enhanced automation generation using Generative AI, improved document processing capabilities, and semantic interface for simplified automation development.


2. UiPath Automation Cloud™ in the UK
  • Announcement Date: June 17, 2024

  • Description: UiPath Automation Cloud™ is now available in the UK on Microsoft Azure, expanding its cloud services to new regions.


3. UiPath Autopilot™ for Developers
  • Announcement Date: August 12, 2024

  • Description: Enhanced developer productivity through AI-assisted coding and workflow generation.


Partnerships


  • EY Partnership

  • Overview: Expanded the use of UiPath robots from 5 to 500 in 18 months, showcasing the potential of automation at scale within professional services.


Awards and Recognition


1. Everest Group Digital Interaction Intelligence Products PEAK Matrix® Assessment 2024
  • Date: August 26, 2024

  • Recognition: Named a Leader


2. 2024 Gartner Magic Quadrant for Robotic Process Automation
  • Date: August 12, 2024

  • Recognition: Named a Leader for the sixth consecutive year


Conclusion


UiPath continues to advance the capabilities and reach of its automation and AI solutions, demonstrating significant improvements in operational efficiency and customer satisfaction through its innovative product offerings and strategic partnerships.