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UiPath history
UiPath company history timeline
But it wasn’t until 2012 that the team, which numbered 10 people, realized the market fit with RPA and started putting its resources into building a platform for training and orchestrating software robots.
The breakthrough came in 2013, and it was nothing short of an “astral moment,” as Dines put it in the post-announcement press conference that introduced him to the Romanian public.
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.
Last year, only 60 new start-ups were added to the unicorn club, fewer than the 66 that had joined the year before and way behind the record-setting 2015, which brought 99 newcomers.
The company raised its first investment in 2015 through a $1.6 million seed funding round led by Earlybird Venture Capital in participation with Credo Ventures and Seedcamp.
In 2015, the company changed its name to UiPath.
By April 2016, the company had released its Front Office and Back Office Server suites, and also released its Studio Community Edition.
From 100 customers in 2016, Uipath’s customer base essentially quadrupled in less than five years.
In March 2018, Robotic Process Automation (RPA) software provider UiPath was valued at USD 1 billion, a rare enough event for the company to be dubbed a ‘unicorn’. But the road to success of this Romanian-born startup has been far from straightforward.
They were growing fast, but were number three in the market. “Most people, including our investors, thought that to get to $70 million in 2018 would have been a great achievement.
The company also announced in 2019 that it had assisted more than 5,000 organizations worldwide.
In June, UiPath was named to the CNBC 2020 Disruptor 50 ranking.
The company was also listed in the 2020 CNBC Disruptor 50 and Forbes Cloud 100 as well as being recognized as a leader in robotic process automation in the Gartner Magic Quadrant.
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Zippia gives an in-depth look into the details of UiPath, including salaries, political affiliations, employee data, and more, in order to inform job seekers about UiPath. The employee data is based on information from people who have self-reported their past or current employments at UiPath. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by UiPath. The data presented on this page does not represent the view of UiPath and its employees or that of Zippia.
UiPath may also be known as or be related to UiPath, UiPath Inc, UiPath Inc., UiPath SRL and UiPath, Inc.