UiPath acquires London tech startup Re:infer
Leading enterprise automation software company, UiPath (NYSE: PATH), today announced it has acquired Re:infer, a London-based natural language processing (NLP) company for unstructured documents and communications.
Founded in 2015 by Ph.D. scientists from the AI research lab at University College London, Re:infer uses machine learning (ML) technology to mine context from communication messages and transform them into actionable data with speed and accuracy.
“Automation and AI are a powerful and natural pair that together empower the vision of the fully automated enterprise™,” said Ted Kummert, executive vice president, products & engineering at UiPath. “Our customers are awash in documents, communications, and data that they need to understand the meaning of and process efficiently.
“Combining Re:infer’s NLP technology with our Document Understanding and AI products expands the breadth of our current AI-powered automation capabilities and unlocks new automation opportunities for our customers.
“Automating the interpretation of documents and communications data bridges the gap between humans and information technology systems, and structured and unstructured data to supercharge digital transformation efforts in the enterprise,” said Dr. Ed Challis, CEO and Co-Founder of Re:infer.
“We have spent the last seven years building an innovative technology and believe UiPath will take us to another level. We couldn’t be more excited to access UiPath’s power of scale and introduce Re:infer to a new global audience. We’re joining the leader in enterprise automation and it’s an incredible day for us.”
“By using UiPath and Re:infer together, we have driven significant business impact through automation, enabling automated cataloguing, triaging, and responding to tens of thousands of email-based requests per month,” said Marco Rodriguez, head of automation at Hiscox Ltd.
“Businesses are increasingly turning to platforms that combine intelligent automation technologies and solutions to resolve entrenched business problems.
“Mining for value in the thousands of interactions between a business and its customers each day is an attractive proposition for organisations that want to enrich customer experience, generate new revenue streams, and optimise operational efficiencies,” said Sneha Kapoor, senior research manager, analyst, and technology advisor for IDC Financial Insights.
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