202216 Jun

UiPath’s venture arm backs workflow automation startup AirSlate – TechCrunch

Summary

A recent Forrester Research report predicts that the segment will start to flatten as soon as 2023 as companies shift to broader automation solutions. And a number of smaller players, including Signavio, Intellibot and Servicetrace, were snatched up by incumbent tech firms.But Shakhnovich claims that AirSlate is bucking the trend. Enterprise IT decision makers should care about AirSlate because it alleviates the IT talent gap and also solves the problem of the explosion in the number of apps being used, with corresponding challenges in data transport between these apps.AirSlate was founded in 2008 by Vadim Yasinovsky as PDFfiller, with a focus on building editing tools for PDF files. The respondents blame a lack of expertise among their workforce and resistance to change, as well as unrealistic expectations from the C-suite.In another challenge, the broader software-based automation industry while still flush with cash is headed toward consolidation. And Salesforces MuleSoft and Microsoft followed suit with the purchases of automation tech providers Servicetrace and Clear Software, respectively.But despite this, and the fact that 80% of its workforce is based out of Kyiv a war zone Shakhnovich says that AirSlate has remained resilient and plans to nearly double its workforce of 1,000 employees and full-time contractors across Ukraine, Poland, the U.S. and other countries where it has bases of operations.Working practices across industries continue to evolve and shifting market conditions bring new challenges, Spencer McLeod, partner and head of research at G Squared, said in a statement.

Source: Techcrunch

Funding

$51.5M
Amount
Jun 16 2022
Date
-
Investor
airSlate
Company

Classifications

Companies