UiPath

Summary

UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform combines artificial intelligence with desktop recording, back-end mining of both human activity and system logs, and intuitive visualization tools, which enables users to discover, analyze, and identify processes to automate in a centralized portal; offers low-code development environments that allows users in an organization to create attended and unattended automations without any prior knowledge of coding; deploys robots in highly immersive attended experiences or in standalone, unattended modes behind the scenes, and can leverage native connectors built for commonly used line-of-business applications; offers centralized tools designed to manage, test, and deploy automations and ML models across the enterprise; allows customers to manage long running processes that orchestrate work between robots and humans; and enable users to track, measure, and forecast the performance of automation in their enterprise and help businesses ensure compliance with business standards. In addition, the company provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. It serves banking, healthcare, financial services, and government entities. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.


History

 

UiPath was founded in 2005 in Bucharest, Romania as DeskOver, by Romanian entrepreneurs Daniel Dines and Marius Tîrc?.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.In 2015, the company changed its name to UiPath. 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.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.In 2017, UiPath reported 590 employees and moved its headquarters to New York to be closer to its international customer base.In June 2019, research firm Gartner announced that from 2017 to 2018 UiPath moved from #5 to #1 in RPA market share. In September, UiPath was ranked #3 on the Forbes Cloud 100. The company was the featured cover story of the September 30, 2019 Forbes print edition with UiPath CEO Daniel Dines called "Boss of the Bots."In October 2019, UiPath announced the acquisition of Ukrainian process documentation company StepShot and Dutch process mining company ProcessGold. Also in October, the company announced UiPath Explorer, a new product 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.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. In November, the company was ranked first in the Deloitte Technology Fast 500.In April 2020, UiPath was named the top tech company and #2 overall in the Financial Times FT1000 ranking of Americas' fastest growing companies 2020. In June, UiPath was named to the CNBC 2020 Disruptor 50 ranking. In September, UiPath was ranked #3 on the Forbes Cloud 100 list for the second consecutive year. On December 17, Bloomberg reported that UiPath filed confidentially for an initial public offering .In March 2021, UiPath acquired Cloud Elements, an interconnectivity platform to advance API-based automation capabilities.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.In July 2022, UiPath acquired Re:infer, a natural language processing developer, for an undisclosed sum.


Mission

We envision a world with a robot for every person. Delivering the leading #RPA platform to accelerate human achievement.


Vision

We’re humble game-changers. We do big things, but we approach our work with humility. Because at UiPath, we’re doing something profound: we’re making work itself more meaningful. But we know none of this is easy, and we don’t have all the answers.

We embrace failing forward. Because we’re here to create something completely new, we’re curious, bold, and aren’t afraid to take smart risks. And we learn from our mistakes. We’re not here to do what’s been done, we’re here to constantly challenge the status quo and push boundaries.

We’re united by an ambitious purpose. Accelerating human achievement by shaping the future of work is why we get out of bed every morning. It’s what drives us. And since that’s such a lofty goal, we never stop questioning, challenging, debating—and we want our people to as well.


Key Team

Mr. Robert Enslin (Co-Chief Exec. Officer)

Mr. Marius Tirca (Co-Founder & CTO)

Ms. Kelsey Doherty Turcotte (Sr. VP of Investor Relations)

Mr. Brad C. Brubaker (Gen. Counsel, Chief Legal Officer & Sec.)

Mr. Vijay Khanna (Chief Corp. Devel. Officer)

Mr. Robert B. Patrick (Chief Marketing Officer)

Mr. Christopher Townsend (VP of Federal Sales)


References
UiPath
Leadership team

Mr. Ashim Gupta (Chief Financial Officer)

Mr. Ted Kummert (Exec. VP of Products & Engineering)

Products/ Services
Artificial Intelligence, Developer Tools, Enterprise Software, Machine Learning, Robotics
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
2005
Company Registration
SEC CIK number: 0001734722
Revenue
500M - 1B
Traded as
NYSE:PATH
Social Media
Mon Feb 26 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium