15 Companies In Process Automation Area To Be Aware Of
Process automation refers to the use of technology to automate business processes, typically to improve efficiency, reduce errors, and lower costs. Some examples of process automation include using software to handle tasks such as invoicing, payroll, and customer relationship management.
Startups in the process automation space are using a range of technologies, including artificial intelligence, machine learning, and robotics, to build intelligent automation systems that can learn from data and adapt to changing business needs. They are also using technologies such as cloud computing and the internet of things (IoT) to enable automation systems to be accessed and controlled remotely.
Here are 15 process automation companies that stand out in the market.
AirSlate
airSlate is a company that provides a no-code platform for automating business processes. Its workflow solution allows businesses to design and automate complex workflows, while its RPA platform automates repetitive manual tasks such as routing workflows based on conditions, generating pre-filled documents, and more. The platform also offers features for automating contract management, negotiations, document generation, e-signature, web forms, and more. Some of airSlate’s clients include Tech Data, Xerox, First Data, Colliers International, and Tutor Perini.
Company overview:
Founded: 2006
Location: Massachusetts, US
Funding: $181.5M
HyperScience
Hyperscience is an artificial intelligence startup that helps Global 2000 companies and government organizations automate office work. Its technology can convert hand-written forms and applications into digital text, enabling the automation of a large number of data entry tasks. The company’s products include HS Forms, which allows enterprises to process large quantities of forms efficiently, and HS Evaluates, which automates the review of files and applications with human-like judgment. Its AI software can automatically review a claim file, eliminate duplicate entries, determine eligibility, and make precise adjudication decisions.
Company overview:
Founded: 2014
Location: New York, US
Funding: $288.9M
LaiYe
LaiYe provides AI and robotic process automation (RPA) combined solutions. Its RPA technology, built on the UiBot platform, is able to simulate human actions on a computer and perform tasks automatically based on predetermined rules, such as processing emails and documents. The company also offers RPA and AI combined solutions for industries including manufacturing, e-commerce, finance and banking.
Company overview:
Founded: 2015
Location: Beijing, China
Funding: $201M
Electroneek
ElectroNeek is a robotic process automation (RPA) platform for IT Service Providers. ElectroNeek provides a no-code solution that enables ITSPs and MSPs(Managed Service Providers) to quickly deliver automation solutions to SMB clients with OCR(Optical Character Recognition — is the process that converts an image of text into a machine-readable text format.) and iPaaS(integration Platform as a Service is a set of automated tools that integrate software applications that are deployed in different environments.). ElectroNeek enables service providers to easily build, sell and support automation solutions for their clients through its Automation, Business, and Service Hubs.
Company overview:
Founded: 2019
Location: Austin, US
Funding: $23.7M
GleeMatic
Robotic process automation in the field of human resources (HR), GleeMatic can streamline tasks such as scheduling interviews, searching for candidates, verifying data, handling on-boarding and off-boarding processes, managing holidays, and conducting performance reviews. Automating repetitive tasks allows HR specialists to focus on talent development and other strategic tasks, which account for about 70% of all HR activities. GleeMatic, a Singapore-based company, offers a combination of RPA and artificial intelligence (AI) to predict the performance of candidates by detecting fraudulent resumes and photos and consolidating this data into a single document.
Company overview:
Founded: 2016
Location: Singapore
Funding: undisclosed
Legal Robot
Legal Robot is a US-based company that offers robotic process automation solutions for legal tasks. Its software, which combines natural language processing (NLP) and artificial intelligence (AI), helps stakeholders identify errors in contracts and quantify and reduce risks. It can automate various processes, including data management, client risk assessment, managing fee overruns, filling out forms and other legal documents. The main goal of this service is to clearly and concisely interpret the underlying meaning of legal contracts and understand key legal factors such as rights, terms of agreements, fees, and responsibilities.
Company overview:
Founded: 2015
Location: US
Funding: undisclosed
AutomationEdge
AutomationEdge, another Texas-based company on the list, provides 24/7 control and monitoring of databases and platforms used by companies. They have compiled a library of over 250 ready actions to automate common IT processes. In its short stint, AutomationEdge has already delivered its innovative solution to large multinationals globally like American Express,, Capita, Coty , ICICI Lombard , HDFC Life, Smart Dubai Government , Mashreq Bank and Genpact to name a few.
Company overview:
Founded: 2015
Location: Texas, US
Funding: undisclosed
Leapwork
The Danish start-up Leapwork, for example, classifies itself as a visual, no-code automation platform. The focus here is also: The automation of business processes.
The startup has already closed a Series B financing (August 2021). The company has raised approximately $72 million to date. The company’s valuation is a whopping $312 million.
The product allows for 97% productivity gains, a 90% reduction in application errors, and takes less than 10 minutes to build a flow.
Company overview:
Founded: 2015
Location: Copenhagen, Denmark
Funding: $71.9M
Automation Hero
Automation Hero is an intelligent document processing platform. Connect with any IT infrastructure, click together no-code workflows with the accurate AI, seamlessly integrate workforce into the process, and get real-time insights. Automation Hero allows to quickly build and deploy automations and measure their relative impact with an all-in-one platform. Reduce Reliance on Technical Resources — Democratization of automation and AI with DIY, point-and-click automation flows and AI models. Seamlessly integrates with legacy software to add a layer of sophisticated intelligence to existing systems.
Company overview:
Founded: 2017
Location: San Francisco, US
Funding: $19M
Upland BlueVenn
Upland is a company that offers cloud-based software solutions for businesses to manage their work. Its products are designed to meet the needs of various departments, including customer experience management, project and IT management, sales and marketing, and document workflow. The company’s software includes program and portfolio management tools, project collaboration, workflow automation, enterprise management, digital engagement management, professional services automation, time and expense management, and financial management.
Company overview:
Founded: 2010
Location: Texas, US
Funding: $836.4M
WorkFusion
WorkFusion is an intelligent automation cloud platform for the enterprise. It finds processes to be automated and automates them with intelligent bots and analytics. This all-in-one RPA platform can automate multiple functions within an enterprise. Pre-trained bots can easily be used in the deployment of hyper automation solutions to the production environment. Document Intelligence can be used to process complex documents to extract deep insights of the business and help in making well-informed decisions. Analytics, discovery and automation orchestration help to achieve efficiency and business agility.
Company overview:
Founded: 2009
Location: New York, US
Funding: $341.3M
UiPath
UiPath is leading the “automation first” era — championing a robot for every person and enabling robots to learn new skills through AI and machine learning. Through free and open training, UiPath is led by a commitment to bring digital era skills to millions of people around the world, thereby improving business productivity and efficiency, employee engagement and customer experience.
The company’s hyperautomation platform combines the #1 Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to scale digital business operations at unprecedented speed. The company has already automated millions of repetitive, mind-numbing tasks for businesses and government organizations all over the world, including approximately 50% of the Fortune 500.
Company overview:
Founded: 2005
Location: US
Funding: $2B
Automation Anywhere
Automation Anywhere is one of the popular RPA tools that provides powerful features to automate complex business tasks. It is used to automate such processes that are repetitive, rule-based, and manually performed by humans. It offers end to end automation strategy for organizations.
Automation Anywhere is a web-based management system. It has a Control Room that helps in managing automated tasks. It is mainly used at the enterprise level and changes the way enterprises operate. The primary aim of Automation Anywhere is to offer scalable, secure, and resilient services to its users.
Company overview:
Founded: 2003
Location: US
Funding: $1B
Jiffy.ai
Jiffy.ai is a company that provides artificial intelligence-based automation solutions for enterprises to address complex business challenges. Its platform is powered by big data and has self-learning capabilities, making it suitable for global organizations in various industries such as manufacturing, retail, airlines, hospitality, logistics, HR, and IT. Its products include JiffyRPA, JiffyTest, and Docube.
Company overview:
Founded: 2012
Location: Bengaluru, India
Funding: $71M
UnifiedPost
UnifiedPost offers a cloud-based platform for businesses to manage their finances and administration. Using robotic process automation technology, the platform automates payments, invoices, and financial processes, providing transparency and digitization. It also offers e-signature integration for payments and collaboration tools. The company serves a diverse range of clients in various industries, including banking, media, telecommunications, utilities, and more. Its expertise includes optimizing business processes, processing and delivering documents through multiple channels, managing credits and accounts receivable, and providing digital archiving and payment processing solutions. It also offers electronic identity and document signing services.
Company overview:
Founded: 2000
Location: La Hulpe, Belgium
Funding: $41M
These 15 companies are all leaders in the field of process automation, and they offer a range of solutions that can help businesses streamline their operations and improve efficiency.
If you are an entrepreneur working in the Enterprise Automation area, don’t hesitate to reach our team and tell us about your business. You can reach us at info@leta.vc or fill in the form here.
