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Weekly Industry Run-Down

May 28, 2021 – June 4, 2021

Intelligent Automation News:

Celonis, a process mining solution provider nabs $1 billion in Series D funding on an $11 billion valuation. The round was co-led by Durable Capital Partners LP and T. ROWE PRICE ASSOCIATES, INC. This is another big story after the collaboration with IBM to train 10,000 consultants on Celonis.

Kofax, an intelligent automation vendor announces the acquisition of PSIGEN Software, Inc., a provider of document capture, content management and workflow automation software. PSIGEN is bringing PSIcapture and PSIsafe into Kofax. This is another public announcement after Kofax TotalAgility’s new 50 lowcode functionalities

Apromore, an open-source process mining provider announces new capabilities to further democratise process mining. The new capabilities include advanced ETL capabilities, new Integration Center amongst others.

Cloudera, a data management platform plans to acquire 2 SaaS firms, Datacoral Inc and Cazena to expand its public cloud offering. The company’s multi-billion buyout($5.3 billion) by private equity firms has also been announced.

ElectroNeek, a provider of RPA for managed service providers and IT teams has raised $20 million in a Series A funding round led by Baring Vostok Capital Partners. This brings the company’s valuation to over $100 million.

Kofax, a provider of intelligent automation platform announces 50 low-code, document intelligence, process orchestration and connected systems capabilities coming into Kofax TotalAgility. Kofax TotalAgility is the workflow orchestration engine within the company’s Intelligent Automation Platform.

iGrafx, a Business Process Management (BPM) and automation solutions provider announces investment from Banneker Partners, an enterprise software-focused investment firm. The company says the investment will go into sales, marketing, product development, professional services and customer support, as well as strategic acquisitions.

Microsoft rebrands the Power Apps Community Plan and it’s now known as Power Apps Developer Plan. The Power Apps Developer Plan gives you a free development environment to build and test with PowerApps, PowerAutomate, and Microsoft Dataverse.

Jitterbit, an Integration Platform as a Service (IPaas) acquires eBridge Connections to address EDI and e-commerce use cases. Gartner estimates the iPaas market to be worth $3.5 billion, after growth of close to 39% in 2020.

Gartner releases the Market Share Analysis: Robotic Process Automation, Worldwide, 2020. UiPath gained a share of almost 30% of the market.

OpenBots, an open-source RPA provider announces the latest studio release, OpenBots Studio v1.5.0. This release features fixes and new additions including fixes to Surface Automation, Database Connection Commands and inline Coding(new feature) amongst others.

Techforce.ai, an intelligent automation suite provider has been recognised by G2, as Winter 2021 Highest Performer. According to G2, the company’s product (integrated RPA, IVA, OCR & iBPMS) was rated high due to the company’s ability to transform business processes with a high number of customer testimonials.

Kofax announces the latest release of Kofax ControlSuite™. ControlSuite is a single integrated solution for automating and securing document capture, print management and mobile capabilities. The latest release features Advanced Analytics Dashboards, Security and Privacy Enhancements amongst others.

Squirro, an augmented intelligent solutions provider announces the launch of its new platform, Squirro App Studio. Squirro App Studio is a nocode / lowcode platform for building and setting up AI-powered apps. A typical use case will be to build a Cognitive Search app with CRM, SharePoint integrations

Pliant.io,  a workflow automation platform for API-driven enterprise and service provider infrastructure partners with Automation Anywhere to accelerate e2e automation

Creatio, a low-code platform for process management and CRM provider, has been recognised by TrustRadius as a Business Process Management (BPM) category leader. The company was rated 9.9/10 based on customisation capabilities, intuitiveness and ease of use.

Tolani Jaiye-Tikolo
IRPA AI Contributor and Automation News Curator

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