Robotic Process Automation (RPA) Leader Continues Its Rapid Growth Trajectory Thanks to Customers and Partners
Three months after announcing revenue growth from $8 to $200 million, robotic process automation (RPA) market leader UiPath is celebrating four prestigious award wins in just four weeks, a strong demonstration of its advancement within AI, RPA and automation. In the UK the company won at the CogX Awards, the Computing AI and Machine Learning Awards, the AIconics Awards; and in the US at the AI Breakthrough Awards.
These wins are:
- CogX (10th June) – Best Innovation in Robotics and Automation
- The AIconics Awards (12th June) – Best Application in Healthcare
- The AI Breakthrough Awards (26th June) – Best Robotic Process Automation Solution
- Computing AI and Machine Learning Awards (3rd July) – Automation Technology Provider of the Year
At CogX UiPath won Best Innovation in Robotics and Automation, while at the AIConics Awards, UiPath was the winner in the Best Application in Healthcare category, for its work in – and the benefits it brings to the healthcare sector.
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In the US, at the AI Breakthrough Awards which showcases technologies and companies that drive innovation and exemplify the best in artificial intelligence-related technology solutions – UiPath won Best Robotic Process Automation Solution.
Finally in London, on 3rd July at Computing’s AI and Machine Learning Awards UiPath won Automation Technology Provider of the Year against stiff competition in the sector.
Bruno Ferreira, UK Area Vice President at UiPath, said: “We were surprised and are absolutely delighted to have won so many of these prestigious, established awards – it truly demonstrates how compelling our customers’ automation stories are. These awards are recognition of the dedication and commitment of the UiPath team, which is striving to deliver to the best of its ability every day, helping customers in companies across many sectors.
“We would like to extend a warm thank you to all of our wonderful customers and partners who continue to support us on our journey, as well as those who nominated us and judged these different awards”.
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Each of the awards commended UiPath for its RPA platform, which enables Enterprise companies to boost productivity, employee engagement and customer satisfaction, whilst minimising time, cost and infrastructure investment.
UiPath’s commitment to the wider RPA community was also a contributing factor to its awards success. In 2016, it became the first RPA provider to offer a free version of its automation platform for businesses, educators and individuals looking to find out more, with the launch of UiPath Community Edition.
In April, UiPath secured $568 million in its latest funding round, and in the last two years has grown its annual recurring revenue (ARR) from $8 million to over $200 million, and its valuation from $110 million to $7 billion.