UiPath

UiPath Inc.
Private company
Industry Robotic Process Automation, Artificial Intelligence
Founded 2005
Headquarters New York City, NY, United States
Number of locations
 Increase 14 countries
Key people
 Daniel Dines (Co-founder and CEO), Marius Tîrcă (CTO), Bobby Patrick (CMO), Param Kahlon (CPO), Craig Bumpus (CRO)
Products UiPath, UiPath Studio, UiPath Orchestrator, UiPath Robots
Brands UiPath, UiPath Academy, UiPath Community
Revenue Increase $100M ARR
Number of employees
 Increase 1061
Website www.uipath.com

UiPath was founded in 2005 by the Romanian entrepreneurs, Daniel Dines and Marius Tirca, is a global software company that develops a platform for Robotic Process Automation(RPA).[1] The company started from Bucharest, Romania and later opened offices in London, New York, Bengaluru, Singapore, and Tokyo.[2][3] In 2017, the company reported 590 employees and moved its headquarters to New York to be closer to its international customer base, which rose to 700 customers from 100 in 2016[4].

Funding

In August 2015, UiPath closed an initial seed funding round of $1.6 million led by the Earlybird, with Credo Ventures and Seedcamp as backers.[5]

In April 2017, UiPath received $30 million investment in one of the biggest Series A rounds of funding in Europe, led by Accel. Previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp also joined.[6]

On March 6, 2018, UiPath received a $153 million investment from Accel, CapitalG, and Kleiner Perkins Caufield & Byers, valuing the company at $1.1 billion. [7][8][9][10][11][12]

On Sep 18, 2018, UiPath raised $225 million in the funding round led by CapitalG & Sequoia Capital.[13]

Recognitions & Awards

On May 4, 2018, UiPath was named CFO tech company to watch in 2018.[14].

On May 7, 2018, UiPath was named to Crain's Tech25 in New York City.[15]

In June 2018, Forrester placed UiPath in the top position for its 2nd annual Forrester Wave for Robotic Process Automation. UiPath earned the top spot in current market offering, strategy and market presence.[16]

References

  1. ↑ "With India Focus, Global Robotics Company UiPath Raises $225 Mn". Inc42 Media. 18 September 2018.
  2. ↑ "Romanian tech startup UiPath raises USD 30 mln to develop intelligent software robots". Romania-Insider.com. Retrieved 9 March 2018.
  3. ↑ "The story of UiPath – How did it become Romania's first unicorn?". business-review.eu. 9 April 2018.
  4. ↑ "Romanian Firm Emerges as Leader in Automating Business Tasks". The New York Times. Reuters. March 6, 2018.
  5. ↑ "The story of UiPath – How did it become Romania's first unicorn?". business-review.eu. 9 April 2018.
  6. ↑ "The story of UiPath – How did it become Romania's first unicorn?". business-review.eu. 9 April 2018.
  7. ↑ Lunden, Ingrid (6 Mar 2018). "TechCrunch: UiPath Confirms $153 M at $1.1B Valuation". Retrieved 6 Mar 2018.
  8. ↑ "UiPath Confirms $153 M at $1.1B Valuation". 6 Mar 2018. Retrieved 6 Mar 2018.
  9. ↑ "Silicon Angle: Robotic process automation startup UiPath raises $153M on $1.1B+ valuation". 6 Mar 2018. Retrieved 6 Mar 2018.
  10. ↑ "Deepening Our Partnership with UiPath: Leading a $153 Million Series B". 6 Mar 2018. Retrieved 6 Mar 2018.
  11. ↑ Mayer, David (6 Mar 2018). "UiPath Gains Unicorn Status with Series B Funding; To Expand into AI". Retrieved 6 Mar 2018.
  12. ↑ Burnett, Sarah (6 Mar 2018). "Everest Research: A New RPA Unicorn is Born, Sherpas in Blue Shirts". Retrieved 6 Mar 2018.
  13. ↑ "With India Focus, Global Robotics Company UiPath Raises $225 Mn". Inc42 Media. 18 September 2018.
  14. ↑ "CFO's Tech Companies to Watch 2018: UiPath". An Argyle Company. CFO. May 4, 2018.
  15. ↑ "Crain's Top 25". Crain. Crain. May 7, 2018.
  16. ↑ The Forrester Wave(tm): Robotic Process Automation, Q2 2018, blog
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