UiPath, Inc. - PATH STOCK NEWS

UiPath (NYSE: PATH) recently announced the winners of the UiPath Automation Awards 2021, recognizing innovative startups in Central and Eastern Europe and Turkey. The competition received over 120 entries from 19 countries. The Start-up Automation winner, Serket, focusing on AI solutions for agriculture, won €50,000 and mentoring. The Scale-up Automation award went to Powerful Medical, which utilizes AI for healthcare management. Winners also receive significant support from AWS as part of the AWS Activate program.

UiPath (NYSE: PATH) has partnered with Snowflake to enhance their RPA analytics solution, UiPath Insights. This integration aims to provide customers with improved data processing capabilities and long-term historical analysis for automation strategies. The collaboration facilitates secure data sharing and faster analytics, crucial for industries such as healthcare and financial services. UiPath is now recognized as a Powered By Snowflake Partner, further expanding its cloud capabilities and supporting businesses in their digital transformation efforts.

CrowdStrike (NASDAQ: CRWD) showcased new offerings at its Fal.Con 2021 cybersecurity conference, emphasizing innovation in cloud security and endpoint protection. Key announcements include the free Humio Community Edition, the advanced Falcon XDR for endpoint detection, and the CrowdXDR Alliance aimed at improving security data sharing. Notable collaborations with UiPath integrate RPA with endpoint security for enhanced visibility. The company continues to expand its deployment rate, now exceeding 500 deployments weekly.

UiPath predicts a significant growth in the robotic process automation (RPA) market, estimating revenue opportunities to exceed $51.2 billion by 2025. A report by IDC indicates RPA-related benefits will escalate from $7 billion in 2021 to $55 billion by 2025, alongside the creation of 73 million new jobs. The study highlights that automation is expected to generate two new jobs for every job lost to RPA, supporting a robust workforce expansion.

UiPath (NYSE: PATH), a leader in enterprise automation, recently announced its 2021 Partner Awards during the FORWARD IV user conference in Las Vegas. The awards celebrate partners excelling in delivering value through UiPath's automation platform, marking the rapid growth of the partner ecosystem with over 4,700 partners. Key winners include EY as Global Partner of the Year and Cognizant as Global Growth Partner of the Year, acknowledging their significant contributions to automating enterprise solutions.

UiPath (NYSE: PATH) and CrowdStrike (NASDAQ: CRWD) have partnered to integrate RPA with endpoint security, enhancing visibility and protection against cyber threats. This collaboration provides joint customers with fortified security against various attacks, complete visibility into robot actions, and increased efficiency in threat response. Key features include full endpoint detection and response, real-time visibility for proactive threat management, and streamlined investigation processes. Overall, this partnership aims to bolster security in automation environments, improving business resilience.

UiPath (NYSE: PATH) unveiled new features at the FORWARD IV conference in Las Vegas, focusing on enhancing enterprise automation. The 2021.10 platform release addresses common enterprise challenges by integrating artificial intelligence and offering robust robotic process automation (RPA) capabilities. Key updates include the UiPath Integration Service for streamlined API and UI automation, Robot Auto-healing for runtime assurance, and expanded cloud-native services. The release aims to facilitate easier automation development, further solidifying UiPath's position as a leader in the enterprise automation landscape.