general_info_on UiPath

Who is UiPath?

UiPath is a global software company that develops a platform for robotic process automation (RPA). The company founded in 2005 in Bucharest by Daniel Dines and Marius Tîrcă is now based in New York, and it operates at a global level, with branches in 25 countries, including France, UK, and Japan.

The company became one of the fastest-growing software providers, having an 81% increase in revenues in the past year to $607.6 million.

UiPath IPO statistics

The company aims to raise $1 billion in the IPO. According to MarketWatch, UiPath could be valued at up to $25.8 billion upon its debut.

What is UiPath valuation?

UiPath raised $2 billion in funding over eight rounds, the latest being on February 1, 2021, of $750 million. It reached a post-money valuation of $35 billion, being one of the most valuable privately held businesses in the US. Over the years, it purchased three companies, the most recent one being Cloud Elements, on March 23, 2021.

Basic info about UiPath

• Alkeon Capital and Tiger Global Management are UiPath’s most recent investors
• UiPath clients made up 80% of the Fortune Global 5000, including Deloitte, EY, PWC, and Fitch Ratings
• It was named to the CNBC 2020 Disruptor 50 ranking
• In November 2020, it was ranked first in the Deloitte Technology Fast 500

Sources: Bloomberg.com, marketwatch.com, sec.gov, techcrunch.com