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- UiPath (NYSE:PATH) received authorization from the U.S. federal government Tuesday to offer its Automation Cloud Public Sector product to government agencies and offices.
- UiPath, an enterprise automation and AI software company based in New York City, was up 1% during premarket trading.
- "With UiPath’s leading business automation platform, public sector agencies can put intelligence to work to streamline processes, eliminate errors, and deliver better experiences to government employees and citizens," said Mike Daniels, Senior Vice President of Public Sector at UiPath.
- It was authorized through the Federal Risk and Authorization Management Program, also known as FedRAMP, which "was established in 2011 to provide a cost-effective, risk-based approach for the adoption and use of cloud services by the federal government."
- UiPath's Automation Cloud Public Sector is available through the FedRAMP Marketplace.
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