UiPath vs. Automation Anywhere was a hotly contested debate amongst the growth investor set for the last 3-5 years but the massive distance UiPath has put between it and AA in the last 12-15 months is remarkable.<p>Dubious on the very long-term value of the company as SaaS providers continue to eat away at some of its core use cases in banking / financial services, and both large RPA vendors have had some disastrous deployments outside of their core industries but there's so much value in replacing massive BPO spend in financial and professional services oriented enterprises. This one's a winner in the near to mid-term at the very least.
I work in this space. That this is considered a subset of "AI" is the biggest magic trick these RPA companies have pulled off. The worst part is that they prey on the Business side of the corporate world by peddling of these as "Low-code" platforms where a business team can just "build bots". It is never. the case. Never.
Any reason this is on sec.report (a standalone company) rather than sec.gov like almost every other S-1 post? <a href="https://hn.algolia.com/?q=sec.gov+s-1" rel="nofollow">https://hn.algolia.com/?q=sec.gov+s-1</a>
I find it crazy that something do seemingly inefficient and fragile is promoted as amazing. Are you really going to have a bunch of windows servers with software clicking buttons, hoping it doesn't suddenly click the wrong thing and mess everything up.
Does anyone know how to effectively read such a long form / document? What are the most important pieces of information for a layperson and where / how to find them?
Here's a teardown of the UiPath S1 of the business metrics, product/market, competition, etc: <a href="https://blog.publiccomps.com/ui-path-s-1-ipo-teardown/" rel="nofollow">https://blog.publiccomps.com/ui-path-s-1-ipo-teardown/</a>
On one hand, this type of service merely solves business intent with unfriendly or un-automatable interfaces. Why should this exist and be so successful? On the other, I guess it's like Segment or Tray.io, gluing together various services to improve business outcomes, and taking their slice of the efficiency improvements they make possible. I guess the most commonly integrated services should wake up and see the potential revenue they're losing in having crumby interfaces, and in the meantime UIPath will provide a good path for efficient IT services. Fair play to them in executing so well in this space.
> Net losses fell from $519.9 million in 2020 to $92.3 million in 2021.<p>It's amazing how tolerant the capital markets are of purchasing revenues.<p><a href="https://www.cnbc.com/2021/03/26/uipath-files-s-1-for-ipo.html" rel="nofollow">https://www.cnbc.com/2021/03/26/uipath-files-s-1-for-ipo.htm...</a>
RPA solutions seem very fragile (akin to the web scraper space), but if the folks maintaining these low code solutions are cheap, then product will be around for a while as a sort new fangled, easy to deploy, CGI.
I haven't worked with uipsth directly but have some experience with similar automation tools. They are the worst and if needed it's a pretty bad sign.
All the big consultancies are pushing RPA, bots, automation etc HARd the last year in bigCo land. I think part of it is due to the wfh pandemic situation.<p>I’d wait 6 months or so, the bottom could fall out of this category fairly quick.