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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, Altimeter Capital, Coatue Management, Dragoneer Investment Group, IVP, 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 from IVP.
November 2018
UiPath raises a $33,663,286 series C round from IVP, Madrona Venture Group and Meritech Capital Partners.
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Funding rounds

People

Name
Role
LinkedIn

Daniel Dines

Co-Founder

Marius Tirca

Co-Founder

Further reading

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

Ingrid Lunden

Web

April 30, 2019

UiPath Tutorial for Beginners

Web

June 5, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Joanna Glasner
June 11, 2021
Crunchbase News
In a job market beset with labor shortages, it seems the gig economy startup boom may have created demand for services far exceeding the supply of workers. If so, we can expect that going forward, startups working to automate repetitive, risky or unrewarding tasks will be getting a greater share of buzz in venture circles.
Ron Miller
May 7, 2021
TechCrunch
We spoke to five investors to find out more about RPA. The general consensus? We're just getting started.
Robin Wauters
April 23, 2021
Tech.eu
Happy Friday! This week, our research team tracked more than 85 tech funding deals worth more than €1.7 billion, and about 15 exits, M&A transactions, and rumours, and related news stories across Europe, including Russia, Israel, and Turkey. As always, we are putting all of them together for you in a handy list sent in [...]
Walter Thompson
April 23, 2021
TechCrunch
Origin stories are satisfying because we already know the hero will overcome the odds -- and in doing so, they'll reveal their core strengths.
The Economist
April 22, 2021
The Economist
A Romanian startup rides a wave of automation to a blockbuster stockmarket listing
Chris Metinko
April 21, 2021
Crunchbase News
Shares of New York-based UiPath rose significantly on the first day of trading Wednesday, hitting $70.72 before eventually settling at $69 at market close.
Alex Wilhelm
April 21, 2021
TechCrunch
TechCrunch spoke with UiPath CFO Ashim Gupta today to learn more about his company's foray into the public markets.
Candy Cheng
April 21, 2021
Business Insider
CapitalG's Laela Sturdy literally traveled the world to nab two funding deals with UiPath's CEO. Her firm's total investment is now worth over $2 billion.
Isabelle Lee
April 21, 2021
markets.businessinsider.com
The rally in UiPath indicates the growing demand for such services as more businesses automate their operations, especially during the pandemic.
Isabelle Lee
April 21, 2021
Business Insider
The rally in UiPath indicates the growing demand for such services as more businesses automate their operations, especially during the pandemic.
Robin Wauters
April 21, 2021
Tech.eu
Hello! Here's what happened today in European Tech. Deals - Romania-born robotic process automation software firm UiPath rose 17% in the company's stock market debut today after the software vendor and its investors reeled in $1.34 billion in the company's IPO. The shares opened at $65.50, giving it a market value of $34 billion upon [...]
April Joyner
April 21, 2021
Business Insider
S. "Soma" Somasegar was a hobby angel investor that wound up with an accidental stake in Discord and a career as a VC. He's backed UiPath, Snowflake.
Alex Wilhelm
April 21, 2021
TechCrunch
Robotic process automation (RPA) unicorn UiPath last night priced its IPO at $56 per share, above its raised price target range of $52 to $54. The company sold 9,416,384 shares at that price, alongside 14,474,393 from existing shareholders. Its underwriters can purchase 3,583,616 shares at its IPO price if they so choose. UiPath raised $527.3 [...]
Melia Russell and Jeff Elder
April 21, 2021
Business Insider
UiPath is going public at a valuation of around $29 billion. The exit will be huge for Accel, a key early investor.
Rita Liao
April 21, 2021
TechCrunch
Robotic process automation has become buzzy in the last few months. New York-based UiPath is on course to launch an initial public offering after gaining an astounding valuation of $35 billion in February. Over in China, homegrown RPA startup Laiye is making waves as well. Laiye, which develops software to mimic mundane workplace tasks like [...]
Alex Wilhelm
April 19, 2021
TechCrunch
Robotic process automation unicorn UiPath is set to go public this week, concentrating our focus on its value.
Alex Wilhelm
April 19, 2021
TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You [...]
Staff Writer
April 17, 2021
mint
The courses offer online sessions, the UiPath platform for practical learning, and virtual lab sessions for hands-on experience, says UiPath.GUVI, incubated at IIT-Madras and IIM-Ahmedabad, has launched two new courses in automation as part of the partnership
Walter Thompson
April 16, 2021
TechCrunch
Thanks again to Bryce Durbin for creating my favorite TechCrunch illustration of all time.
Alex Wilhelm
April 16, 2021
TechCrunch
Robotic process automation platform UiPath filed its first S-1/A this week, setting an initial price range for its shares. The numbers were impressive, if slightly disappointing because what UiPath indicated in terms of its potential IPO value was a lower valuation than it earned during its final private fundraising. It's hard to say that a company [...]
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References

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