UiPath
| UiPath logo | |
| Company type | Private company |
|---|---|
| Industry | Robotic Process Automation, Artificial Intelligence |
| Founded | 2005 |
| Headquarters | , United States |
Number of locations |  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 | $100M ARR |
Number of employees | 1061 |
| Website | www.uipath.com |
UiPath was founded in 2005 by the Romanian entrepreneurs, Daniel Dines and Marius Tircais 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 in the funding round led by CapitalG & Sequoia Capital.[13]
Recognitions & Awards
In April 2018, industry analyst firm Wikibon attempted to test Robotic Process Automation platforms noting: "we contacted three RPA vendors — Automation Anywhere, Blue Prism, and UiPath — to test and validate each of these propositions. Only one vendor, UIPath, responded."[14]
On May 4, 2018, UiPath was named CFO tech company to watch in 2018.[15].
On May 7, 2018, UiPath was named to Crain's Tech25 in New York City.[16]
On May 8, 2018, UiPath was listed #21 of 27 Fintech Unicorns in worldwide ranking.[17]
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. "[18]
On June 30, 2018, UiPath crossed $100 Million in Annual Recurring Revenue, growing another 240% in six months.[19]
References
- ^ "With India Focus, Global Robotics Company UiPath Raises $225 Mn". Inc42 Media. 18 September 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Romanian tech startup UiPath raises USD 30 mln to develop intelligent software robots". Romania-Insider.com. Retrieved 9 March 2018.
- ^ "The story of UiPath – How did it become Romania's first unicorn?". business-review.eu. 9 April 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Romanian Firm Emerges as Leader in Automating Business Tasks". The New York Times. Reuters. March 6, 2018.
- ^ "The story of UiPath – How did it become Romania's first unicorn?". business-review.eu. 9 April 2018.
- ^ "The story of UiPath – How did it become Romania's first unicorn?". business-review.eu. 9 April 2018.
- ^ Lunden, Ingrid (6 Mar 2018). "TechCrunch: UiPath Confirms $153 M at $1.1B Valuation". Retrieved 6 Mar 2018.
- ^ "UiPath Confirms $153 M at $1.1B Valuation". 6 Mar 2018. Retrieved 6 Mar 2018.
- ^ "Silicon Angle: Robotic process automation startup UiPath raises $153M on $1.1B+ valuation". 6 Mar 2018. Retrieved 6 Mar 2018.
- ^ "Deepening Our Partnership with UiPath: Leading a $153 Million Series B". 6 Mar 2018. Retrieved 6 Mar 2018.
- ^ Mayer, David (6 Mar 2018). "UiPath Gains Unicorn Status with Series B Funding; To Expand into AI". Retrieved 6 Mar 2018.
- ^ Burnett, Sarah (6 Mar 2018). "Everest Research: A New RPA Unicorn is Born, Sherpas in Blue Shirts". Retrieved 6 Mar 2018.
- ^ "With India Focus, Global Robotics Company UiPath Raises $225 Mn". Inc42 Media. 18 September 2018.
- ^ Assessing RPA Time-to-Value with UiPath, blog
- ^ "CFO's Tech Companies to Watch 2018: UiPath". An Argyle Company. CFO. May 4, 2018.
- ^ "Crain's Top 25". Crain. Crain. May 7, 2018.
- ^ "RANKED: The 27 fintech unicorns from around the world". Business Insider. Business Insider. May 8, 2018.
- ^ The Forrester Wave(tm): Robotic Process Automation, Q2 2018, blog
- ^ UiPath hits $100 Milliion in Recurring Revenue, Media
External links
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