3 Intelligent Process Automation Software Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Build An Intelligent Process Automation Software

Imagine an office setting where time-consuming tasks and processes are automated, bringing consistency, productivity, and efficiency to the table. This vision isn't far-fetched in today's digital age, thanks to intelligent process automation (IPA) software.

Simply put, IPA software is a combination of AI (artificial intelligence) and RPA (robotic process automation). It has the ability to handle complex tasks that involve decision making, learning, and adapting over time. It can process, streamline, and automate procedures that previously required human intervention, freeing up valuable man hours for more engaging tasks.

Arguably, it makes quite a compelling business to dive into. Consider this: According to reports, the global intelligent process automation market size is projected to reach $16.3 billion by 2024. This growth trajectory opens up numerous possibilities for innovation and substantial returns.

Entrepreneurs looking for an avenue to contribute to innovation, increase business efficiency, and tap into a growing market may find great promise in intelligent process automation software.

Here are some real life success stories of starting a intelligent process automation software:

1. Rapid Acceleration Partners ($720K/year)

In 2017, Raghuraman Ramamurthy saw the opportunity to enter the AI market and automate the processing of unstructured content. Alongside his co-founders, he launched Rapid Acceleration Partners (RAP) to provide Intelligent Process Automation solutions. With their RAPFlow platform, they have served companies in six industries, processed over 7 million pieces of content, and saved 70% of manual effort.

How much they make: $720K/year
How much did it cost to start: $150K
Current team size: 35

From Fledgling AI Startup to Industry-Recognized IPA Player in Just 3 Years

Intelligent Automation Solutions provider Rapid Acceleration Partners (RAP) has served companies in 6 industries, processed 7 million+ pieces of content with 10 million+ process iterations, and saved 70% of manual effort via their AI-powered content intelligence platform and RPA tool.

About

Raghuraman started Rapid Acceleration Partners over 6 years ago

Revenue

Raghuraman grew the business to $60K/month

Costs

It cost Raghuraman $150000 to start the business

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3. Rapid Acceleration Partners

Rapid Acceleration Partners provides practical AI and Intelligent RPA solutions. Extract structured data from unstructured content. Book a demo here.

How much they make: $720K/year
Where they're located: Chennai, Tamil Nadu, India
How much did it cost to start: $150K
Current team size: 35