Inside UiPath: From 2005 to Now Into a $2.0 billion business
Founders: Daniel Dines, Marius Tirca
Founded Year: 2005
Investors: Accel, Sequoia Capital, CapitalG
Funding Raised: $2.0 billion
What Is the business model of UiPath?
Robotic Process Automation (RPA) software company that builds bots to automate repetitive computer tasks in businesses, typically sold via enterprise licenses and cloud services
How UiPath got started?
Founded in Romania in 2005, spent years developing automation scripts, rebranded as UiPath and moved to the US in 2015, riding the wave of RPA demand to become one of the fastest-growing enterprise software companies
what growth strategy has UiPath followed?
Cultivated a large developer community by offering free training and a community edition of its software, which helped it spread in enterprises bottom-up, also aggressively expanded globally, opening offices worldwide to capture market share
what are the top products/features of UiPath
UiPath Studio, UiPath Orchestrator, UiPath Robots, AI Center for intelligent automation
what was the biggest challenge faced by UiPath?
Managing hyper-growth and competition in the RPA space, including balancing easy-to-use automation for business users with robust, secure tools for IT, plus dealing with market skepticism after an up-and-down post-IPO stock performance