How does it work?
StepShot specializes in automated process documentation. The company offers technology for monitoring user actions, which allows customers to save clients’ time and accelerate the achievement of the desired result. StepShot products had been positioned as tools for automatic creation of user manuals, step-by-step guides, and other training materials that usually were created manually. In particular, StepShot users could automatically generate training documents, web-pages, presentations, videos, and images. Also, they could easily modify the outputs with professional editing & branding toolkit and customizable templates.
StepShot is one of the fastest-growing and highest-valued AI enterprise software companies worldwide, acquired by a Romanian-American IT company UiPath in 2019.
Founded in 2009, Lviv-based StepShot has started as a short freelance project. At first, StepShot was a small project, but it attracted new users constantly because of the great value it could bring to each individual user. As the company and its products evolved, they found a natural fit for RPA (Robotic Process Automation) aimed at business process automation with the help of software robots. To make RPA implementation efficient, customers need better means of discovering, understanding, improving, and automating their processes. Thanks to the forward-thinking approach of the StepShot CEO Sasha Reminnyi, a Romanian-American IT company UiPath, the leading RPA enterprise, got interested in their tool for process documentation.
In September 2015, StepShot was established as a company with headquarters in Tallinn, Estonia. ‘Startup Wise Guys’, the leading B2B tech accelerator in Europe, cemented the project and drastically influenced further growth. Thus, in a few months, UiPath acquired StepShot, and young Ukrainian professionals joined UiPathers to work on the process discovery solution for RPA. At the moment of acquisition, StepShot had about $500K in ARR while UiPath reported about ARR of more than $200M and a $7 billion company valuation. The latter is one of the fastest-growing and highest-valued AI enterprise software companies worldwide which recently has been named by Comparably as the 6th happiest place to work and the 11th best company culture among large businesses. On the whole, the idea behind RPA in UiPath is to free up employees from the mundane tasks nobody likes for the sake of more important tasks, creative ideas, business growth.
StepShot’s product serves more than 10 000 active users worldwide with clients: Deloitte, Hershey’s, Societe Generale, and others. As of 2019, StepShot has become the #1 Product of the Day at ProductHunt.