UiPath Buys Peak to Bolster Agentic Automation Platform

▤ Summary

“With the acquisition of Peak, we are accelerating our mission to strengthen our vertical AI solutions strategy,” Daniel Dines, UiPath’s founder and chief executive, said in a news release Thursday (March 13). As part of UiPath, the release added, Peak’s solutions can reach new industries, while Peak’s focus on accelerating AI adoption in sectors like retail and manufacturing will allow UiPath to accelerate market growth and “deliver vertical-oriented, next-generation AI-driven agentic applications with intelligence powered by LLMs.” PYMNTS wrote earlier this year about the use of agentic AI in the retail world, with companies like Amazon, Google Cloud and Salesforce deploying AI tools to help retailers offer better customer experiences, bolster product search, improve inventory management and provide enhanced product recommendations, along with other automated tasks. Keith Kirkpatrick, research director of enterprise applications at The Futurum Group, told PYMNTS that he projects AI agents will ultimately affect certain job functions in retail, though most of these tasks would be digital and not physical duties. “As such, many of these functions are still marketing- or commerce-based, and retailers will be looking to companies in adjacent industries to see how well AI agents from Salesforce, Microsoft, and others are delivering value to their customers,” said Kirkpatrick. “Margins are thin, and I think there will need to be a fairly significant ROI examples that are directly relevant to retailers, in order to drive early adoption.

▦ Linked Companies

UiPath

$1B+