Berlin’s Bryter raises $66M to take its no-code tools for enterprises to the US

Man and woman on device

No-code startups continue to see a lot of traction. Bryter – an AI-based no-code startup that has built a platforms used by some 100 global enterprises to date across some 2,000 business applications and workflows – is announcing a new round of funding to double down on that opportunity.

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AI startup Razor Labs bypasses VC route, instead going public

Razor labs

AI startups based in Israel have had little difficulty raising venture funding. Some are now following the lead of their U.S. counterparts by going public. Among the first is industrial AI specialist Razor Labs, which also raised $36 million while launching an initial public offering

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5 common ways companies use RPA to enhance Document Processing

Paper plane

With all the hype around robotic process automation (RPA), it can be helpful to remember that the vast majority of the data running through RPA automations originates or terminates with a document. In fact, I’d estimate that about 80% of RPA automations fall into this category.

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Auditoria raises $15.5M to expand AI platform automating repetitive accounting tasks

Auditoria AI

Auditoria, a startup offering AI-driven automation products for corporate finance teams, today announced that it raised $15.5 million in series A funding. Cofounder and CEO Rohit Gupta says that the proceeds will shore up Auditoria’s investments in data science and the expansion of its sales, marketing, and customer success teams.

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ServiceNow acquires RPA startup Intellibot to bring automation to legacy systems

ServiceNow

Cloud computing firm ServiceNow today announced it has signed an agreement to acquire Intellibot, a robotic process automation company based in Hyderabad, India, for an undisclosed amount. ServiceNow, which expects to complete the purchase in Q2 2011, says it plans to fold Intellibot’s capabilities natively into its platform, enabling ServiceNow customers to bring AI and machine learning to legacy systems.

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Google partners with Automation Anywhere to develop RPA products

Google RPA

Google today announced a strategic, multi-year collaboration with robotic process automation (RPA) startup Automation Anywhere to accelerate the adoption of RPA with enterprises “on a global scale.” The partnership will make the Automation Anywhere platform available on Google Cloud and see the two companies mutually develop AI- and RPA-powered solutions, closely aligning go-to-market teams.

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WorkFusion raises $220M to automate repetitive enterprise backend processes

Device automation

Intelligent process automation provider WorkFusion today announced it has raised $220 million, bringing the company’s total raised to date to over $340 million. According to a spokesperson, WorkFusion plans to put the funds toward customer acquisition as it expands the size of its workforce.

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The Algorithms that make Instacart roll

Instacarts algorithms in action

Instacart crunches petabytes daily to predict what will be on grocery shelves and even how long it will take to find parking. It’s Sunday morning, and, after your socially distanced morning hike, you look at your schedule for the next few days. You need to restock your refrigerator, but the weekend crowds at the supermarket don’t excite you…

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Unmanned systems, artificial intelligence dominate the IDEX showroom

Defense Plane model

There was no shortage of unmanned systems on display at IDEX. Consider FLIR PackBot, a man-portable robot that performs bomb disposal, surveillance and reconnaissance, and was seen greeting the stand’s visitors with hand sanitizers. Also at the American company’s booth, the mini-unmanned ground vehicle FirstLook gave attendees an acrobatic show in which it jumped over a stair and fell on its back, then self-righted itself to continue down its path.

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Machine learning speeding up patent classifications at USPTO

US Patent and Trademark Office

Machine learning is helping the U.S. Patent and Trademark Office shorten the time it takes to assign patent applications to examiners, instead of having to redo its entire classification process, according to CIO Jamie Holcombe. USPTO sent its top engineers to Google on the East and West coasts to learn more about ML and TensorFlow application programming interfaces.

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AirSlate raises $50 million more to automate enterprise workflows

Document workflow

AirSlate, a workflow automation startup, today announced it raised $50 million in debt financing from Silicon Valley Bank. The capital comes after a $40 million round in January led by Morgan Stanley and General Catalyst, and it brings the company’s total raised to $130 million. When McKinsey surveyed 1,500 executives across industries and regions in 2018…

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Why process mining is seeing triple-digit growth

Process mining

A rise in technologies like AI and robotic process automation (RPA) has increased demand for process mining tools. And more recently, an enterprise spurt in technology investment to respond to the pandemic has accelerated that demand. Gartner estimated the market for dedicated process mining tools grew between from $110 million in 2018 to $320 million in 2019.

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How RPA and Intelligent Automation contribute to employee success

Group of people standing

Robotic process automation (RPA) is an extremely valuable tool for businesses across the industry spectrum, and this claim is well substantiated. A Deloitte study, for instance, shows that an impressive 86% of companies that have integrated RPA into their processes increased organisational efficiency and productivity. And this is certainly not all.

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RPA startup UiPath raises $750 million

UiPath $750m raise

Robotic process automation (RPA) startup UiPath today announced that it raised $750 million in series F funding, bringing its total raised to nearly $2 billion. It brings the New York-based company’s post-money valuation to $35 billion, up from $3 billion in 2018, and will likely lay the groundwork for strategic acquisitions following UiPath’s purchase of startups StepShot and ProcessGold.

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AirSlate raises $40 million to automate repetitive business processes

Workflow automation startup AirSlate today announced it has raised $40 million from backers that include Morgan Stanley Expansion Capital, General Catalyst, and HighSage Ventures. The company says the funds, which come as it closes an additional investment round, will enable product functionality expansion and international growth, as well as hiring within the marketing and sales organizations.

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Blue Prism launches venture fund to expand global use of cloud RPA

Last April, robotic process automation firm Blue Prism bolstered its own balance sheet with a $124 million financing round, enabling the maker of enterprise-class software robots to expand its suite of AI agents and dashboards. Now the company is launching a venture fund to bring RPA technologies to new clients, starting with the Asia-Pacific region before expanding to “the entire globe.”

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How RPA could help distribute and track COVID-19 vaccines

The first shipments of Pfizer’s and Moderna’s COVID-19 vaccines arrived at health systems across the U.S. this month, a significant milestone in the fight against a pandemic that has infected and killed millions of people. But vaccine distribution and administration is a major logistical challenge, not least because both vaccines require cold storage. Nevertheless, Operation Warp Speed, the U.S. public-private COVID-19 treatment partnership, optimistically aims to vaccinate tens of millions of people by year’s end.

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Top 10 AI trends to watch in 2021

The global AI market size was calculated as $39.9 Billion in 2019 and expected to achieve compound annual growth rate (CAGR) up to 42.2% from 2020 to 2027. Technology has made innovations in big fields like healthcare, retail, automobile, and finance with continuous research. We have come up with Top 10 Artificial Intelligence Trends to watch in year 2021. These have the potential to hit great innovation in future. Let’s have a look at these strategies:

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