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UiPath

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UiPath Inc.
Company typePrivate company
IndustryRobotic Process Automation
Founded2005
Headquarters
Key people
Daniel Dines (Co-founder and CEO), Marius Tirca (CTO), Bobby Patrick (CMO)
ProductsUiPath, UiPath Studio, UiPath Orchestrator, UiPath Robots
Websitewww.uipath.com

UiPath is a global software company that develops a platform for Robotic Process Automation (RPA). The company has been acknowledged as a leader by industry analysts, including Forrester Research in the inaugural Forrester Wave for RPA, [1], and in the Everest Research Group RPA FitMatrix. [2]. The company is also featured the Market Guide for Robotic Process Automation by Gartner [3] and Horses for Sources RPA Customer Experiences Big Picture View. [4]

On April 27, 2017, UiPath announced that it raised $30 million in a Series A round of funding led by Accel, with participation from existing investors including Earlybird Venture Capital, Credo Ventures and Seedcamp.[5] [6]

History

UiPath was founded in 2005 and is headquartered in New York City, NY. Originally an outsourcing company, the company saw an opportunity for RPA in 2012 and developed an industry-standard platform for training and orchestrating software robots. The company was renamed UiPath in 2015.[7]

In 2017, Sumitomo Mitsui Financial Group announced that it was deploying UiPath as part of a broad RPA initiative with the aim of reducing 100 billion yen.[8] In 2017, Dentsu and UiPath announced the use of RPA software to improve Dentsu employee's work life balance and enhance productivity.[9]

References

  1. ^ Le Clair, Craig (13 Feb 2017). "The Forrester Wave(tm): Robotic Process Automation". Retrieved 13 Feb 2017.
  2. ^ Burnett, Sarah (1 Dec 2016). "Robotic Process Automation (RPA) Technology Vendor Landscape" (PDF). Retrieved 1 Dec 2016.
  3. ^ Tornbohm, Cathy (5 Dec 2017). "Market Guide for Robotic Process Automation Software". Retrieved 5 Dec 2017.
  4. ^ O'Brien, John (17 Jan 2018). "Horses for Sources Robotic Process Automation Customer Experiences Big Picture View". Retrieved 17 Jan 2018.
  5. ^ Sawers, Paul (27 Apr 2017). [hthttps://venturebeat.com/2017/04/27/uipath-raises-30-million-to-help-enterprises-automate-repetitive-tasks-with-software-robots/ "UiPath raises $30 million to help enterprises automate repetitive tasks with software robots"]. Retrieved 27 Apr 2017.
  6. ^ Lordache, Bogdan (16 Nov 2017). "5 Questions With Luciana Lixandru (Accel): Why we should expect to have a multi-billion dollar company". Retrieved 16 Nov 2017.
  7. ^ Cosman, Oana (3 Dec 2015). "Shaping the future of work. The story of UiPath". Retrieved 3 Dec 2015.
  8. ^ UiPath Provides its RPA Software to Dentsu and Supports Their Deployment Project to Achieve Their Technology-enabled Work Style Innovation (PDF), SMBC
  9. ^ Enhancement of productivity with the implementation of RPA (Robotic Process Automation), PR Newswire