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Robotic process automation (RPA) is a form of business process automation that is based on software robots (bots) or artificial intelligence (AI) agents. [1] RPA should not be confused with artificial intelligence as it is based on automation technology following a predefined workflow. [ 2 ]
UiPath was founded in 2005 in Bucharest, Romania as DeskOver, by Romanian entrepreneurs Daniel Dines and Marius Tîrcă. [3]In 2013, the company released the first UiPath Desktop Automation product line, which gave companies RPA tools to automate manual and repetitive back office tasks.
In 2016, Blue Prism received one of the top honors at the AIconics Awards, named as The Best Enterprise Application of AI. [41] [42] In 2017, the company was named one of MIT Tech Review's 50 Smartest Companies and was the winner of the UK Tech Awards. [43] In 2019, Blue Prism announced its idea for connected-RPA.
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BlackLine IPO. BlackLine was founded in 2001 by Therese Tucker, a former CTO at SunGard Treasury Systems. [7] [8] [9] The initial goal was to help customers replace their use of Excel with a suite of accounting software.