UiPath

Last updated

UiPath Inc.
Company type Public
Industry Software
Founded2005;20 years ago (2005) in Bucharest, Romania
Founders
Headquarters
One Vanderbilt
New York, New York
,
U.S.
Number of locations
31 countries
Area served
Worldwide
Key people
Products
RevenueIncrease2.svg US$1.43 billion (2025)
Increase Negative.svgUS$−163 million (2025)
Increase Negative.svgUS$−74 million (2025)
Total assets Decrease2.svgUS$2.87 billion (2025)
Total equity Decrease2.svgUS$1.85 billion (2025)
Number of employees
3,868 (2025)
Website uipath.com
Footnotes /references
Financials as of January 31,2025. [1]

UiPath Inc. is a global software company that develops artificial intelligence (AI) and agentic automation and orchestration software. The company's software enables the building and orchestration of AI agents to automate complex processes and workflows.

Contents

Founded in 2005 in Bucharest, Romania, by Daniel Dines and Marius Tîrcă, the company is headquartered in NY City. The company became public on April 21, 2021, which at the time was reportedly one of the largest US software IPOs in history.

History

UiPath was founded in 2005 in Bucharest, Romania as DeskOver, by Romanian entrepreneurs Daniel Dines and Marius Tîrcă. [2]

In 2013, the company released the first UiPath Desktop Automation product line, which gave companies RPA tools to automate manual and repetitive back office tasks. [2]

In 2015, the company changed its name to UiPath. [2] Also in 2015, after receiving seed funding from Accel Partners and earlier investors, the company also opened offices in London, New York City, Bangalore, Paris, Singapore, Washington, D.C., and Tokyo. [3] [2]

By April 2016, the company had released its Front Office and Back Office Server suites, and also released its Studio Community Edition. Within six months, the company had 10,000 active members, and more than 250 enterprise customers. [2]

In 2017, UiPath reported 590 employees and moved its headquarters to New York to be closer to its international customer base. [4]

In October 2019, UiPath announced the acquisition of Ukrainian process documentation company StepShot and Dutch process mining company ProcessGold. [5] Also in October, the company announced several updates to its technology platform, including UiPath Explorer, an automation identification and planning tool developed using technology from the acquired companies; a robot communication tool called UiPath Apps; a low code robot programming tool called UiPath StudioX; an embedded analytics tool called UiPath Insights; and UiPath Connect, a tool that allowed every employee to find new processes to automate. [5] [6]

In November of the same year, the company reported it had 5,000 customers worldwide, and a developer community of more than 500,000 people. [7] In November, the company was ranked first in the Deloitte Technology Fast 500. [8]

In March 2021, UiPath acquired Cloud Elements, an interconnectivity platform to advance API-based automation capabilities. [9] [10]

In April 2021, UiPath raised $1.3 billion in an initial public offering on the New York Stock Exchange in one of the largest US software IPOs in history. [11] [12]

In July 2022, UiPath acquired Re:infer, a natural language processing developer, for an undisclosed sum. [13] [14]

In July 2024, the company released its UiPath Autopilot program, which integrated generative artificial intelligence (GenAI) and NLP into its Business Automation Platform. [15] It also announced a collaboration with Microsoft to integrate agentic AI into Microsoft's Teams collaboration software. [15]

In October 2024, the company launched a preview of its Agent Builder, an agentic automation tool for developers to combine RPA with generative AI-powered agents to help simplify enterprise automation efforts. [16]

In March 2025, the company announced its UiPath Test Cloud, a tool to improve software testing by integrating AI agents. [17] Also in March, UiPath acquired Peak, a Manchester-headquartered AI company specializing in agentic solutions for inventory and pricing optimization, for an undisclosed sum. [18]

In April 2025, the company launched UiPath Platform for Agentic Automation, with an orchestration layer called Maestro, allowing employees to work more effectively with agents and robots. [19]

In September 2025, the company announced a series of partnerships and collaborations with OpenAI, Microsoft, Google, Nvidia, and Snowflake. [20]

In October 2025, the UiPath Platform was named as one of TIME Magazine's Best Inventions of 2025. [21]

Products

UiPath develops agentic automation software that combines robots, AI agents and people to automate workflows and processes. [22] Agentic automation integrates traditional robotic process automation (RPA), artificial intelligence, and human decision-making capabilities to allow for larger, more complex automations. [23]

UiPath's main product is the UiPath Platform for Agentic Automation. [24] The platform combines a family of low-code visual integrated development environment (IDE) products called UiPath Studio for process creation, with client-side agents called Robots that execute those processes. [25] An important part of the platform is UiPath Maestro, an orchestration engine designed to automate, model and optimize complex business processes, and monitor the performance of agents and robots. [26]

Its earlier RPA products simplified tasks performed using other business software such as CRM or ERP systems, in internal and back-office areas like accounting, human resources paperwork, and claims processing. [27] [28] [29] [30]

UiPath also hosts the UiPath Academy, to provide job training and certification in the fields of agentic automation and robotic process automation. [31] [32]

Funding

WhenFunding raisedValuationWho and notes
August 2015US$1.6 millionUiPath closed an initial seed funding round led by Bek Ventures, with Credo Ventures and Seedcamp as backers. [2] [33]
April 2017$30 million investmentOne of the biggest Series A rounds of funding in Europe, led by Accel. Previous investors Bek Ventures, Credo Ventures and Seedcamp also joined. [2] [33]
March 6, 2018$153 million investment$1.1 billionfrom Accel, CapitalG, and Kleiner Perkins Caufield & Byers. [34] [35]
September 18, 2018$225 million$3 billion valuationFunding round led by CapitalG and Sequoia Capital. [36]
April 30, 2019$568 million$7 billion (claimed by the company after the funding round)Series D round of funding led by hedge fund Coatue Management, with participation from Alphabet's CapitalG, Sequoia, Accel, Madrona Venture Group, IVP, Dragoneer, Wellington, Sands Capital, and funds advised by T. Rowe Price & Associates. [28]
July 13, 2020$225 Million$10.2 Billion. [37]
December 17, 2020UiPath filed a confidential draft registration statement with the United States Securities and Exchange Commission for an initial public offering. [38] [39] [40] [41]
February 1, 2021$750 million$35 billion (post-money valuation)Series F funding. [29]

References

  1. ↑ "UiPath Inc. Full Year Ended 31 January 2025 Form 10-K Report". SEC.gov. U.S. Securities and Exchange Commission. March 24, 2025.
  2. 1 2 3 4 5 6 7 "The story of UiPath – How did it become Romania's first unicorn?". Business Review. September 4, 2018. Retrieved March 3, 2021.
  3. ↑ "Romanian tech startup UiPath raises USD 30 mln to develop intelligent software robots". Romania-Insider.com. April 27, 2017. Retrieved March 9, 2018.
  4. ↑ "Romanian Firm Emerges as Leader in Automating Business Tasks". Reuters. March 6, 2018. Archived from the original on March 6, 2018.
  5. 1 2 "UiPath acquires ProcessGold and StepShot to help businesses identify RPA opportunities". VentureBeat. October 15, 2019. Retrieved March 3, 2021.
  6. ↑ "UiPath announces new tools and acquisitions to automate more business processes". Silicon Angle. October 15, 2019. Retrieved March 3, 2021.
  7. ↑ "PwC Strategy+Business: Automation Made Easy". Strategy + Business. November 20, 2019. Retrieved March 3, 2021.
  8. ↑ "2019 Technology Fast 500 winners". www.deloitte.com. Retrieved November 6, 2019.
  9. ↑ Busvine, Douglas (March 23, 2021). "IPO contender UiPath extends automation offering with Cloud Elements buy". Reuters .
  10. ↑ Deutscher, Maria (March 23, 2021). "UiPath acquires Cloud Elements to advance API-based automation in the enterprise". SiliconANGLE.
  11. ↑ "UiPath rises 23% in NYSE debut?". CNBC. April 27, 2021. Retrieved April 27, 2021.
  12. ↑ Levy, Ari (April 21, 2021). "UiPath climbs 23% in stock market debut after one of largest US software IPOs in history". CNBC. Retrieved February 1, 2024.
  13. ↑ Loten, Angus (August 1, 2022). "Automation Tech Company UiPath Acquires AI Startup Re:infer" . The Wall Street Journal .
  14. ↑ Sawers, Paul (August 1, 2022). "UiPath acquires London-based NLP startup Re:infer". TechCrunch.
  15. 1 2 Dudakova, Ekaterina (July 4, 2024). "UiPath announces features to streamline automation with Autopilot and GenAI".
  16. ↑ "UiPath is marrying generative AI with robots to accelerate business automation". October 22, 2024.
  17. ↑ Watson, Melania. "UiPath unveils AI-enhanced Test Cloud to boost productivity". IT Brief Australia.
  18. ↑ Lunden, Ingrid (March 13, 2025). "UiPath looks for a path to growth with Peak agentic AI acquisition". TechCrunch. Retrieved April 7, 2025.
  19. ↑ David, Emilia (April 30, 2025). "UiPath's new orchestrator guides AI agents to follow your enterprise's rules".
  20. ↑ Law, Marcus (September 30, 2025). "UiPath Building Ecosystem Through Technology Partnerships". technologymagazine.com.
  21. ↑ Lindzon, Jared. "UiPath Agentic Automation: The Best Inventions of 2025".
  22. ↑ https://venturebeat.com/ai/uipaths-new-orchestrator-guides-ai-agents-to-follow-your-enterprises-rules
  23. ↑ https://venturebeat.com/ai/uipaths-new-orchestrator-guides-ai-agents-to-follow-your-enterprises-rules/
  24. ↑ https://venturebeat.com/ai/uipaths-new-orchestrator-guides-ai-agents-to-follow-your-enterprises-rules
  25. ↑ https://venturebeat.com/ai/robotic-process-automation-company-uipath-raises-568-million-at-7-billion-valuation
  26. ↑ https://venturebeat.com/ai/uipaths-new-orchestrator-guides-ai-agents-to-follow-your-enterprises-rules
  27. ↑ "UiPath: RPA and AI will be commoditized productivity tools within 5 years". Venturebeat. June 22, 2019. Retrieved March 3, 2021.
  28. 1 2 "UiPath nabs $568M at a $7B valuation to bring robotic process automation to the front office". TechCrunch. April 30, 2019. Retrieved March 2, 2021.
  29. 1 2 "Robotic process automation platform UiPath raises $750M at $35B valuation". Techcrunch. February 1, 2021. Retrieved March 3, 2021.
  30. ↑ "Review: UiPath aces robotic process automation". Infoworld. May 6, 2019. Retrieved March 3, 2021.
  31. ↑ https://www.edtechinnovationhub.com/news/uipath-launches-agentic-automation-training-for-public-sector-professionals
  32. ↑ Lunden, Ingrid (April 3, 2020). "UiPath extends its online RPA academy and certification". CXO Insight Middle East. Retrieved March 3, 2021.
  33. 1 2 Yazhou Sun (November 13, 2024). "Europe VC That Earned 20-Fold Return Raises $250 Million Fund As Bek Ventures". Bloomberg. Retrieved October 13, 2025.
  34. ↑ Lunden, Ingrid (March 6, 2018). "UiPath Confirms $153 M at $1.1B Valuation". TechCrunch. Retrieved March 6, 2018.
  35. ↑ "UiPath Confirms $153 M at $1.1B Valuation". Reuters. March 6, 2018. Retrieved March 6, 2018.
  36. ↑ "With India Focus, Global Robotics Company UiPath Raises $225 Mn". Inc42 Media. September 18, 2018.
  37. ↑ "UiPath reels in another $225M as valuation soars to $10.2B". TechCrunch. July 13, 2020.
  38. ↑ "UiPath files confidential IPO". TechCrunch. December 17, 2020.
  39. ↑ "Software maker UiPath says it has confidentially filed for IPO". Bloomberg.com. December 17, 2020.
  40. ↑ "UiPath files for IPO, could become one of New York City's largest tech companies". CNBC. December 18, 2020.
  41. ↑ "UiPath: Get ready for another big software IPO". Barrons.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.