American AI multinational strikes process gold with TUE spin-off

Nieke Roos
Leestijd: 2 minuten

Processgold, a Dutch process mining specialist partly owned by Eindhoven University of Technology (TUE), has been acquired by USA-based Uipath. This billion-dollar company is a world-leading player in robotic process automation (RPA), an emerging field that uses artificial intelligence to automate business processes. The sale is an important step in the further growth of the TUE spin-off.

Process mining uses smart algorithms to analyze large amounts of business information. These analyses not only provide more insight into organizational processes but also allow for production processes to be made more efficient. Large companies, such as Porsche, Philips, KPN, KPMG and Aegon, use Processgold’s process mining software.

Processgold was founded in 2010 in Frankfurt, Germany, by Rudolf Kuhn, initially to sell the process mining software developed by his acquaintance, Dutchman John Hoogland. After some time, however, Hoogland sold his business and his software was gradually discontinued. This forced Kuhn to go look for an alternative. Nothing really compared to the original, so in the end, he decided to build his own solution.

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