The acquisition brings new Communications Mining capabilities to UiPath.
This week, enterprise automation software company UiPath announced it acquired Re:infer, a London-based natural language processing (NLP) company for unstructured documents and communications.
Founded in 2015 by PhD scientists from the AI research lab at University College London, Re:infer uses machine learning (ML) technology to mine context from communication messages and transform them into actionable data with speed and accuracy. “Automation and AI are a powerful and natural pair that together empower the vision of the fully automated enterprise”, said Ted Kummert, Executive Vice President, Products & Engineering at UiPath.
“Our customers are awash in documents, communications, and data that they need to understand the meaning of and process efficiently. Combining Re:infer’s NLP technology with our Document Understanding and AI products expands the breadth of our current AI-powered automation capabilities and unlocks new automation opportunities for our customers.”
Bridging the gap between humans and IT systems
“Automating the interpretation of documents and communications data bridges the gap between humans and information technology systems, and structured and unstructured data to supercharge digital transformation efforts in the enterprise”, said Dr. Ed Challis, CEO and co-founder of Re:infer.
Re:infer allows users to deploy custom machine learning models to analyze documents and communications data generated by a typical business each day – data previously lost or ignored due to processing limitations. Their no-code interface allows business users to train their own AI models for greater specificity and flexibility.
“We have spent the last seven years building an innovative technology and believe UiPath will take us to another level”, CEO Challis added. “We couldn’t be more excited to access UiPath’s power of scale and introduce Re:infer to a new global audience. We’re joining the leader in enterprise automation and it’s an incredible day for us.”
Tip: UiPath starts its fiscal 2023 with better-than-expected earnings
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