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

February 2021
UiPath raises a $749,999,558 series F round from Tiger Global Management, Sequoia Capital, IVP, T. Rowe Price, Altimeter Capital, Dragoneer Investment Group, Alkeon Capital and Coatue 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 T. Rowe Price, Geodesic Capital and Madrona Venture Group.
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 Madrona Venture Group, Meritech Capital Partners and IVP.
September 18, 2018
UiPath raises a $225,000,000 series C round from CapitalG.
March 16, 2018
UiPath was founded by Daniel Dines and Marius Tirca.
Page 1 of 2

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
UiPath, Inc. funding round, February 2021
749,999,558
February 2021
9 Results
Results per page:
Page 1 of 1

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
Mike Butcher
February 18, 2021
TechCrunch
Earlybird Digital East Fund -- a fund associated with Germany's Earlybird VC, but operating separately -- has launched a €200m ($242m) successor fund. The fund's focus will remain the same as before: a Seed and Series-A fund focusing on what's known as 'Emerging Europe', in other words, countries stretching from the Baltics to Central and [...]
Mike Butcher
February 18, 2021
TechCrunch
Earlybird Digital East Fund -- a fund associated with Germany's Earlybird VC, but operating separately -- has launched a €200m ($242m) successor fund. The fund's focus will remain the same as before: a Seed and Series-A fund focusing on what's known as 'Emerging Europe', in other words, countries stretching from the Baltics to Central and [...]
Michael Stothard
February 15, 2021
Sifted
The three venture capital firms which made the initial seed investment into UiPath have made one of the greatest ever European venture bets.
AlleyWatch
February 6, 2021
AlleyWatch
The Pulse of New York Tech
Anthony Ha
February 1, 2021
TechCrunch
Google rethinks its gaming strategy, Microsoft rolls out its quantum computing platform and UiPath is now valued at $35 billion. This is your Daily Crunch for February 1, 2021. The big story: Google shutters internal game studios When Google announced its Stadia cloud platform, it also said it was forming Stadia Games and Entertainment, an [...]
Michael Stothard
February 1, 2021
Sifted
The mega valuation for UiPath comes just months ahead of a planned initial public offering.
Frederic Lardinois
February 1, 2021
TechCrunch
RPA platform UiPathannounced that it has closed on $750 million in Series F funding at a post-money valuation of $35 billion.
Berber Jin
December 22, 2020
Business Insider
With a dozen IPOs coming in 2021, a handful of VCs will score most including Andreessen Horowitz, Index, GGV, Coatue
Sophia Kunthara
December 18, 2020
Crunchbase News
The company plans to go public in February, according to the report.
Ron Miller
December 17, 2020
TechCrunch
UIPath, the robotic process automation startup that has been growing like gangbusters, filed confidential paperwork with the SEC today ahead of a potential IPO. "UiPath, Inc. today announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a proposed public offering of [...]
Ron Miller
December 17, 2020
TechCrunch
UIPath, the robotic process automation startup that has been growing like gangbusters, filed confidential paperwork with the SEC today ahead of a potential IPO. "UiPath, Inc. today announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a proposed public offering of [...]
Amitech Solutions
December 17, 2020
www.prnewswire.com:443
/PRNewswire/ -- Amitech Solutions, a leading healthcare data, analytics and automation consulting firm, announced that it has won UiPath's Americas 2020...
Annie Musgrove
November 11, 2020
Tech.eu
London-based VC Seedcamp has announced the £78 million first and final close of its fifth fund, which will go to pre-seed and seed stage investments. Some capital will be reserved for follow-on rounds up to Series B. Seedcamp launched in 2007 and has since built a portfolio of over 360 startups, including European decacorn, UiPath, [...]
AlleyWatch
July 15, 2020
AlleyWatch
The Pulse of New York Tech
admin
July 13, 2020
AlleyWatch
The Pulse of New York Tech
Sophia Kunthara
July 13, 2020
Crunchbase News
Robotic process automation software startup UiPath landed $225 million in a Series E round of funding, bringing its valuation to $10.2 billion.
By Joe Pinkstone For Mailonline
March 26, 2020
Mail Online
Mater Misericordiae University Hospital in Dublin will now have robots that rapidly process administrative and computer-based tasks that nurses normally have to do.
Benjamin Pimentel
November 8, 2019
Business Insider
UiPath cut hundreds of jobs because of soaring expenses and missed revenue targets, according to a presentation reviewed by Business Insider.
Ingrid Lunden
July 11, 2019
TechCrunch
Robotic Process Automation has been the name of the game in enterprise software lately -- with organizations using advances in machine learning algorithms and other kinds of AI, alongside big-data analytics to speed up everything from performing mundane tasks to more complex business decisions. To underscore the opportunity and growth in the market, today a [...]
June 3, 2019
WebWire
BAE Systems is a technology partner with robotic process automation (RPA) leader, UiPath, in developing suites of software robots that its customers can use to automate high-volume, repetitive business processes. RPAs fuel machine learning tools by feeding them high volumes of structured data necessary for it to begin learning and improving automatically, without being programmed," said Don DeSanto, director of strategic partnerships for the BAE Systems Intelligence & Security sector....
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References

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