UiPath

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UiPath Inc.
Private company
IndustryRobotic Process Automation, Artificial Intelligence
Founded2005
Headquarters,
United States
Number of locations
Increase 18 countries
Key people
Daniel Dines (Co-founder and CEO), Marius Tîrcă (CTO), Bobby Patrick (CMO), Param Kahlon (CPO), Craig Bumpus (CRO)
ProductsUiPath, UiPath Studio, UiPath Orchestrator, UiPath Robots
BrandsUiPath, UiPath Academy, UiPath Community, UiPath Go!
RevenueIncrease $160M ARR
Number of employees
Increase 1881
Websiteuipath.com

UiPath, 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 or RPAAI).[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[edit]

In August 2015, UiPath closed an initial seed funding round of $1.6 million led by the Earlybird Venture Capital, 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 at a $3 Billion valuation.[13]

References[edit]

  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.

External links[edit]