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UiPath

UiPath

UiPath is a software company designing and developing robotic process automation software.

Overview

UiPath is a Robotic Process Automation vendor that provides a software platform that helps organizations automate business processes.

The company specializes in robotic process automation technology, or software that helps companies save time and money by automating repetitive, manual tasks such as entering data into spreadsheets.

Products and services
UiPath Platform

UiPath is delivering a true end-to-end hyper automation platform that combines the core RPA capabilities of building, managing, and running robots with tools for process discovery, and analytics to report clear business impact. New capabilities available include:

Process Mining (formerly ProcessGold)

Process Mining visualizes business processes, deviations, and where to automate for the most impact. The software shows how robots and humans interact, and gives customers a data-driven approach to discover and continuously improve their processes.

Document Understanding

UiPath Document Understanding AI helps users extract and interpret data from different documents and ensure end-to-end document processing. The tool works with a wide range of documents from structured to unstructured documents, recognizes different objects like handwriting or checkboxes, and can deal with various file formats.

UiPath StudioX

Studiox is an automation design canvas for business users. The software offers a broader range of subject-matter experts to rapidly automate their work without the need for developer resources or coding.

Assistant

UiPath Assistant allows users to schedule reminders for running attended automations. Background processes give attended robots the ability to concurrently run multiple automations that may monitor events or process jobs.

Automation Hub

UiPath Automation Hub offers collaboration technology for employees and automation technology. Every employee can introduce ideas for automations, creating a gamification – or crowdsourcing – capability ideal for Robotic Operations Centers of Excellence to collect opportunities, and manage a pipeline of robots to free employees from mundane tasks across every corner of an enterprise.

Task Mining (formerly Explorer Enterprise)

Task Mining enables automation teams to capture, analyze, and prioritize processes run in any department. This platform gives the core automation team the ability to capture, analyze, and prioritize processes run in any department for automation.

AI Fabric

AI Fabric bridges the gap between RPA and data science teams, helping enterprises automate more complex and cognitive processes. Model Retraining technology allows exceptions and corrections to make the models better over time. AI Fabric uses robots to optimize jobs over time.

Daniel Dines and Marius Tirca founded UiPath in 2005 in Bucharest, Romania. It is now based in New York City.

Timeline

April 17, 2021
UiPath partners with GUVI to offer affordable online courses in automation aligned to UiPath certifications.
March 24, 2021
UiPath acquires Cloud Elements an application programming interface (API) integration platform, to expand its API-based automation capabilities.
February 2021
UiPath raises a $749,999,558 series F round from Alkeon Capital Management, Altimeter Capital, Coatue Management, Dragoneer Investment Group, Sequoia Capital, T. Rowe Price and Tiger Global Management.
July 13, 2020
UiPath raises $225 million in a Series E round of funding, bringing its valuation to $10.2 billion.

The new round, which was led by Alkeon Capital, brings the company’s total funding to more than $1.2 billion. Other investors in the round include Accel, Dragoneer, Coatue Management, IVP, Sequoia Capital, Madrona Venture Group, Tencent, Tiger Global Management, Wellington Partners and T. Rowe Price and Associates.

April 30, 2019
$568m Series D on a $7 billion valuation.

The round led by Coatue Management. Joining Coatue in UiPath's Series D round were Dragoneer, Wellington, Sands Capital, and funds and accounts advised by T. Rowe Price Associates.

April 2019
UiPath raises a $568,000,000 series D round from Geodesic Capital, Madrona Venture Group and T. Rowe Price.
March 21, 2019
UiPath raises $400m in Series D funding of $7 billion valuation.

UiPath founded in 2005 has raised $409 million to date

March 2019
Series D - $400m
November 14, 2018
UiPath raises a $265,000,000 series C round.
November 2018
UiPath raises a $33,663,286 series C round from Madrona Venture Group and Meritech Capital Partners.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Robotics process automation startup UiPath raising $400M at more than $7B valuation

Kate Clark

Web

March 22, 2019

Software Maker UiPath in Talks for Funding at $10 Billion-Plus Value

Katie Roof

Web

June 17, 2020

UiPath DevCon 2021: UI Automation in One Office

Web

June 30, 2021

UiPath nabs $568M at a $7B valuation to bring robotic process automation to the front office

Ingrid Lunden

Web

April 30, 2019

News

Title
Author
Date
Publisher
Description
Peter Sayer
October 11, 2021
CIO
Robotic process automation vendor UiPath is beefing up its RPA platform -- and is partnering with security firm CrowdStrike to keep tabs on its robot workers.
Brand Post
September 9, 2021
CIO
Applying robotic process automation solutions within the IT department is helping organizations meet the challenges of digital transformation and also catalyzing broader automations enterprise-wide.
Brand Post
September 8, 2021
CIO
CIO.com delivers the latest tech news, analysis, how-to, blogs, and video for IT professionals. Covers apps, careers, cloud computing, data center, mobile, outsourcing, security, social media, hardware and software.
Richard Smith
August 23, 2021
TechCrunch
TechCrunch Sessions is back! On October 27, we're taking on the ferociously competitive field of software as a service (SaaS), and we're thrilled to announce our packed agenda, overflowing with some of the biggest names and most exciting startups in the industry. And you're in luck, because $75 early-bird tickets are still on sale -- [...]
Ron Miller
August 19, 2021
TechCrunch
UIPath came seemingly out of nowhere in the last several years, going public last year in a successful IPO during which it raised over $527 million. It raised $2 billion in private money prior to that with its final private valuation coming in at an amazing $35 billion. UIPath CEO Daniel Dines will be joining [...]
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References

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