UiPath: all about the Robotic Process Automation platform

UiPath is one of the leading RPA (Robotic Process Automation) platforms. Find out everything you need to know about this platform, its features and benefits.

In all sectors, companies waste a lot of time on boring, tedious, but necessary tasks. To avoid this waste of time, many organizations are turning to RPA or Robotic Process Automation.

This technology, based on artificial intelligence, makes it possible to automate repetitive tasks. Among the different RPA platforms, UiPath Studio is considered one of the best…

UiPath: what is it?

UiPath was founded in 2005 by Romanian entrepreneurs Daniel Dines and Marius Tirca. After starting in Bucharest, the firm then opened new offices in London, New York, Singapore, Tokyo and Bangalore.

In 2017, the company had 590 employees and decided to moving its headquarters to New York to be closer to its American clientele. Between 2016 and 2017, it grew from 100 to 700 clients .

In 2019, UiPath raises five funds in total. The firm raised $1.6 million in August 2015, $30 million in April 2017, $153 million in March 2018 and $225 million in September 2018.

The most recent fundraising was completed on April 30, 2019. This Series D fundraising, led by Coatue Management, UiPath managed to raise $568 million. Other investors include Alphabet CapitalG, Sequoia, Accel, Madrona Venture Group, IVP, Dragoneer, Wellington, and Sands Capital. The company is now valued at $7 billion.

What are the different products?

uipath products

UiPath’s RPA platform is available as follows three different products: UiPath Studio, UiPath Robot, and UiPath Orchestrator.. First of all.., UiPath Studio enables design automation processes visually using different diagrams representing the different categories of tasks.

What’s next? UiPath Robot and allows the processes designed using the studio to be carried out. The robots will perform the tasks autonomously, or when the process is activated by a human.

I mean, come on, the UiPath Orchestrator is presented as a web application. It allows to deploy, program and manage robots and processes. It is therefore a centralized management platform for RPA.

What are the advantages of UiPath?

The UiPath platform has several advantages. First of all, it can be hosted on Cloud environments or virtual machines. In addition, it is compatible with a wide variety of web and PC applications.

Its centralized repository also proves to be very practical for managing entire fleets of robots. The security is also on the agenda…with the need for identification to run the robots.

We should also mention a screen capture solution (screen scraping) working with many formats and languages such as .Net, Java, Flash, PDF, or SAP. Finally, its debugging mechanisms and artificial intelligence will be of great help in everyday life.

UiPath versus other automation platforms

Compared to other automation platforms such as Selenium or Waite, UiPath is the leader in its category. While competing tools are optimized for web automation, they are not suitable for desktop application automation.

So, the platform outperforms its rivals for desktop automation or remote application tasksas well as data support and scraping techniques. Its interface and process writing methodology are also more comfortable than those of other solutions.

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