Laiye Strengths, Domain Expertise, and Key Differentiators
Laiye's comprehensive suite of AI-driven solutions, including Robotic Process Automation (RPA), an Intelligent Document Processing (IDP) platform, and Chatbot solutions, empowers organizations across various sectors such as insurance, communications, electric power, finance, retail, and healthcare. These tools enable these industries to achieve heightened levels of productivity and efficiency, driving them towards unprecedented success.
Laiye Recent Developments
In June 2023, Laiye unveiled Magic Hat, a solution that seamlessly incorporates the capabilities of Large Language Models across the entirety of its Work Execution Platform. This innovative integration significantly elevates the performance of Laiye's existing products such as RPA, IDP, and Chatbot, empowering enterprises and organizations to build a genuinely intelligent and formidable digital workforce.
In 2019 Laiye launched RPA Creator, Chatbot and an RPA+AI intelligent platform. It also merged with Awesome Technology.
In 2018, Laiye launched Laiye Chatbot Platform, a conversational AI Platform that helps organisations build, train and deploy chatbots."
Laiye Mergers and Acquisitions (M&A) Activities
In August 2022, Laiye successfully completed the acquisition of Intelligence Qubic, a Chinese company specializing in automated machine learning (AutoML). AutoML is a comprehensive process that automates various tasks involved in applying machine learning to address real-world problems. This includes handling raw datasets and progressing through every stage of developing a machine learning model, ultimately preparing it for deployment.
In April 2022, Laiye acquired Mindsay, a European enterprise chatbot and voicebot platform, to Lead the Market Shift to Intelligent Automation. The addition of conversational artificial intelligence advanced Laiye’s goal of becoming the provider of next generation Intelligent Automation software worldwide.
Laiye Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Laiye applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Laiye and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Laiye RPA, Laiye Chatbot, Laiye IDP customers.
Laiye Overview
China Electronics Building, Zhongguancun, Haidian District
Beijing, x, x, China
86 400 001 8136
https://www.laiye.com/
Ownership: - x
Number of Employees: 650
Functional Markets: Content Management,
Key Verticals: Banking and Financial Services, Consumer Packaged Goods, Distribution, Higher Education, Federal Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Professional Services, Retail, Transportation, Utilities,
Laiye Key Enterprise and Cloud Applications
Laiye RPA, Laiye Chatbot, Laiye IDP
Laiye Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Laiye Revenue Breakdown By Type, $M:
Laiye Enterprise Applications Revenues By Functional Markets, $M:
Laiye Enterprise Applications Revenues By Verticals, $M:
Laiye Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Laiye Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Laiye Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Laiye Customers
No. of Laiye Customers: 1000+
No. of Laiye Enterprise Applications Customers: x
No. of Laiye Cloud Customers: x
No. of Laiye Cloud Subscribers: x
Laiye solutions currently provide support to global enterprises spanning diverse industries. Among Laiye's clientele are prominent organizations including CNBG, Ke Holdings, Wyeth Nutrition, AstraZeneca, Lenovo, Taiping Life Insurance, China Mobile, CIFI Holdings Group, Jointown Pharmaceutical Group, and numerous others.
Laiye Market Opportunities, M&A and Geo Expansions
In June 2023, Laiye unveiled Magic Hat, a cutting-edge solution that seamlessly incorporates the capabilities of Large Language Models across its entire Work Execution Platform. This innovative integration markedly elevates Laiye's existing products, encompassing RPA, IDP, and Chatbot, empowering enterprises and organizations to establish a genuinely intelligent and robust digital workforce
In April 2022, Laiye completed a $160 million Series C funding round with the latest tranche at $70 million which was jointly led by high-growth enterprise technology-focused private equity firms, including lead investor HOPU Magnolia, and co-leads Youshan Capital and VMS Group. Existing shareholders Lightspeed China Partners and Lightspeed Venture Partners also participated in this round.
Intelligent Automation specialist Laiye unveils EMEA expansion plans. Laiye appointed industry veteran Neil Parker as its General Manager (EMEA) to rapidly scale up Laiye’s revenues with his team growing to forty over the next six months and making inroads into key vertical markets. Laiye will also help Chinese companies with ambitions to expand and grow into Europe, giving them the capability to translate their existing operations into local languages, especially in a region which includes 24 official languages.
Laiye Risks and Challenges
Successfully expanding sales beyond the Asia region and aligning corporate strategy and goals across diverse global offices may pose a challenge, primarily influenced by political differences.
Laiye Ecosystem, Partners, Resellers and SI
Laiye more than doubled its team outside China to 100+ employees, about 15% of the total workforce, grew its partner network to 600+ strong and fostered one of the world’s largest intelligent automation developer communities of more than 600,000 registered users globally.
Laiye Cloud Infrastructure Insights
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- Laiye Public Cloud and Infrastructure (IaaS)
- Laiye Platform (PaaS)
- Laiye Application Delivery
- Laiye Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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