Artificial Intelligence (AI) and Machine Learning (ML) have transformed almost every sector. The testing industry is no longer an exception to this. This is the time to incorporate Artificial Intelligence (AI) & Machine Learning (ML) to enable an autonomous and zero-touch QA.
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June 2021 latest funding covering artificial intelligence, machine learning, robotics, and innovation.
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Tonkean, a software startup developing a no-code workflow automation platform, today announced that it nabbed $50 million in a series B round led by Accel with participation from Lightspeed Ventures and Foundation Capital. CEO Sagi Eliyahu says that the proceeds will be put toward scaling up the company’s hiring efforts across engineering and go-to-market teams.
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Germany-based software company Celonis has raised $1 billion from investors to give the company a post-fundraising valuation of more than $11 billion, extending a record-stretching series of mega funding rounds by German technology startups.
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ElectroNeek, a robotic process automation (RPA) platform for managed service providers and IT teams, today announced that it raised $20 million in a series A funding round led by Baring Vostok. San Francisco, California-based ElectroNeek, which is now valued at $100 million, says it’ll put the proceeds toward product development and the expansion of its engineering workforce.
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Blue Prism, a pioneer provider of automation tools, announced a major overhaul last week as part of Blue Prism Version 7, which supports a new digital worker architecture and deeper cloud integration. This move highlights the company’s transition beyond robotic process automation (RPA) into the anticipated larger market for intelligent process automation tools.
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Microsoft plans to infuse Power Fx into their tools, using natural language features powered by GPT-3 to power their products
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May 2021 latest funding covering artificial intelligence, machine learning, robotics, and innovation.
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Robotic process automation (RPA) has certainly been getting a lot of attention in the last year, with startups, acquisitions and IPOs all coming together in a flurry of market activity. It all seemed to culminate with UiPath’s IPO last month. The company that appeared to come out of nowhere in 2017 eventually had a final private valuation of $35 billion. It then had the audacity to match that at its IPO. A few weeks later, it still has a market cap of over $38 billion in spite of the stock price fluctuating at points.
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Research firm Gartner estimates the market for hyperautomation-enabling technologies will reach $596 billion in 2022, up nearly 24% from the $481.6 billion in 2020. Gartner is expecting significant growth for technology that enables organizations to rapidly identify, vet, and automate as many processes as possible and says it will become a “condition of survival” for enterprises. Hyperautomation-enabling technologies include robotic process automation (RPA), low-code application platforms (LCAP), AI, and virtual assistants.
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Robotic Process Automation, also known as RPA, is the process of entrusting a machine or bot to automate tedious, repetitive tasks to reduce human intervention. Here are the top 10 RPA companies that provide innovative solutions to leverage your business.
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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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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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When TechCrunch covered UIPath’s Series A in 2017, it was a small startup out of Romania working in a little known area of enterprise software called robotic process automation (RPA). Then the company took off with increasingly large multi-billion dollar valuations. It progressed through its investment rounds, culminating with a $750 million round on an eye-popping $35 billion valuation last month.
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ServiceNow’s acquisition of Intellibot, a provider of a robotic process automation (RPA) platform, this week is part of a larger effort to automate the development of applications that are driving digital business transformation within enterprise IT environments.
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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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With adoption of automation, RPA use cases are growing rapidly. Configuring computer software or a robotic machine that can imitate human action is a challenging task without robotic process automation. RPA is a bot that runs virtually and eases the human burden by taking complex, mundane and repetitive tasks.
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RPA enables staff members to automate lower level tasks. Among the many technologies with potential to completely alter the workplace, clearly robotic process automation, RPA, is a leader. RPA enables companies to save precious staff time by automating many business work processes.
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Businesses across the globe are going through rapid digital transformation and automation. Cutting-edge technologies like AI, robotics, and IoT are enabling this transformation by enhancing business efficiency and agility. Robotic Process Automation (RPA) and Cognitive Automation are two components of redefining and automating industry-wide business operations. According to a Statista report, the expenditure on Cognitive Robotic Process Automation is expected to reach about 3.62 billion USD globally at a CAGR of 60.9% from 2017 to 2026.
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Although it may not be one of the first sectors to come to mind when discussing process automation, the healthcare industry is one where RPA, has the ability to make a significant difference. Healthcare is an expanding and growth-oriented industry, especially in emerging or traditionally underprivileged markets, and as the number of patients grows, the need for more effective and reliable back-office procedures for healthcare providers has increased dramatically in recent years. Advanced automation systems for activities such as patient scheduling, payments, and claims processing, among others, are critical to boosting the effectiveness of these processes.
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