UiPath
UiPath, Inc. is an American multinational software corporation that develops and provides a leading enterprise automation platform focused on robotic process automation (RPA), AI-powered agents, and hyperautomation solutions to streamline business processes.[1] Founded in 2005 in Bucharest, Romania, by Daniel Dines, the company originated as a small team of 10 engineers in an apartment, initially offering automation software development services before pivoting to productize RPA tools around 2012.[2] Headquartered at One Vanderbilt Avenue in New York City, UiPath became a publicly traded company on the New York Stock Exchange in April 2021 under the ticker symbol PATH, marking its transition from a Romanian startup to a global leader in automation software.[3] The UiPath Platform combines RPA capabilities—such as software robots that mimic human interactions with digital systems for tasks like data entry and workflow orchestration—with advanced AI features, including agentic automation, process mining, and low-code agent building tools like UiPath Agent Builder.[4] This end-to-end suite enables organizations to discover, automate, and scale processes across industries, integrating with existing applications and fostering collaboration between humans, AI models, and robots to drive efficiency and innovation.[5] As of its fiscal year ended January 31, 2025, UiPath reported serving over 10,000 customers globally, with a focus on governed automation that emphasizes security, compliance, and real-world impact through its cloud-native and on-premises deployment options.[1] UiPath's growth has been propelled by its emphasis on democratizing automation, earning recognition as one of the fastest-growing technology companies and Romania's first tech unicorn in 2018, valued at over $1 billion before its IPO.[6] Under Daniel Dines' leadership as CEO and founder—reappointed in June 2024—the company continues to evolve its offerings to address AI transformation, with products like UiPath Autopilot for no-code automation and Automation Cloud for scalable deployment, positioning it at the forefront of the shift toward intelligent, agent-based enterprise operations.[7]Company Overview
Founding and Headquarters
UiPath was founded in 2005 by Daniel Dines in Bucharest, Romania, initially operating under the name DeskOver as a desktop automation tool aimed at supporting IT services.[8][2] The company began as a bootstrapped venture with a small team of around 10 engineers working from a modest apartment, concentrating on automating repetitive manual IT tasks for clients.[2][9] In 2017, UiPath relocated its headquarters to New York City to gain closer proximity to its growing international customer base and to tap into the U.S. talent pool and market opportunities.[10][11] This move marked a strategic shift to support the company's expanding global footprint while retaining roots in its founding location. UiPath now operates over 40 offices worldwide across more than 20 countries, with key hubs in New York, London, Bucharest, and Hyderabad to facilitate regional operations and innovation.[12][13]Mission and Global Operations
UiPath's mission is to enable automation across all knowledge work to accelerate human achievement, a purpose that has evolved from its origins in robotic process automation (RPA) to encompass agentic AI, where intelligent agents autonomously handle complex enterprise tasks.[2] This strategic shift positions UiPath at the forefront of AI-driven transformation, empowering organizations to automate routine and decision-intensive processes with greater efficiency and adaptability.[14] Central to this mission is UiPath's vision of developing an AI-powered automation platform that deeply understands enterprise processes, enabling autonomous decision-making and seamless integration of AI agents, robots, and human workflows.[15] The platform aims to orchestrate these elements to optimize end-to-end operations, fostering innovation across industries by reducing manual intervention and enhancing strategic focus.[16] As of fiscal year 2025, UiPath employs approximately 4,000 people worldwide and serves over 10,000 enterprise customers globally, reflecting its substantial scale in the automation sector.[17][18] UiPath's global operations span more than 47 offices, with a strong emphasis on regional strengths to support diverse markets. In EMEA, the company maintains a significant focus in Romania, its founding location with a major development hub in Bucharest, and the UK, bolstered by the 2025 acquisition of AI firm Peak to enhance local innovation.[19][20] In APAC, UiPath has pursued aggressive expansion in India, establishing R&D centers and new data facilities in Pune and Chennai to cater to the region's growing demand for cloud-based automation.[21] The Americas represent UiPath's dominant operational base, anchored by its U.S. headquarters in New York City, which drives North American growth and serves as the global nerve center for enterprise deployments.[12]History
Early Development (2005–2015)
UiPath's origins trace back to 2005, when it was founded as DeskOver in Bucharest, Romania, by Daniel Dines and Marius Tîrcă, initially focusing on IT outsourcing and developing automation libraries and software development kits for clients.[9] The company operated as a small team out of an apartment, bootstrapping with limited resources and emphasizing custom automation solutions for repetitive software tasks.[22] Early efforts targeted inefficiencies in manual processes, particularly in sectors like finance and human resources, where teams handled high volumes of data entry and reporting on Windows-based desktop applications.[23] In 2012, DeskOver pivoted decisively toward robotic process automation (RPA), inspired by a client email requesting a demonstration of their automation tools for streamlining repetitive finance tasks, highlighting the broader potential to replace manual drudgery with software robots.[9] This shift marked a departure from service-based outsourcing to product development, addressing the core challenge of scaling automation beyond bespoke projects amid resource constraints in Romania's emerging tech scene. The team concentrated on Windows desktop automation, building tools that mimicked human interactions with legacy systems common in back-office operations.[23] By 2015, the company rebranded from DeskOver to UiPath, reflecting its new identity as a dedicated RPA provider.[24] A key innovation was the development of the first UiPath Robot, leveraging visual scripting to enable non-coders—such as business analysts—to design automations without deep programming knowledge. This approach democratized RPA by simplifying workflow creation through intuitive interfaces. The beta release of UiPath Studio that year introduced drag-and-drop functionality, allowing users to build and test automation workflows visually, focusing initially on desktop tasks in finance and HR to automate rule-based, repetitive processes efficiently.[9]Expansion and Unicorn Status (2016–2020)
In 2016, UiPath made a strategic entry into the U.S. market by establishing its North American headquarters in New York City, shifting focus from its European roots to tap into the growing demand for robotic process automation (RPA) among large enterprises. This expansion enabled the company to build key relationships with major consulting firms, including Accenture and Deloitte, which integrated UiPath's technology into their automation services to help clients streamline operations across industries.[25][26] UiPath's growth accelerated in 2018 when it achieved unicorn status following a $153 million Series B funding round, valuing the company at $1.1 billion. Led by investors including Accel, CapitalG, and Kleiner Perkins, this funding supported further product development and global scaling, positioning UiPath as a leader in the RPA space with annual recurring revenue surpassing $100 million by year's end.[27][28] The company launched UiPath Academy in April 2017 as a free online platform offering RPA training and certification, aiming to democratize automation skills and foster a global developer ecosystem. By 2019, the Academy had cultivated a community exceeding 500,000 developers worldwide, providing hands-on courses that equipped users with practical expertise in building and deploying RPA solutions.[29][30] During this period, UiPath expanded its international footprint by opening offices across Europe and the Asia-Pacific region, including locations in London and India in 2017, followed by Germany, France, the Netherlands, Italy, and Greece in 2018–2019. These new hubs facilitated deeper penetration into enterprise markets, particularly in banking—where RPA automated compliance reporting and transaction processing—and healthcare, supporting tasks like patient data management and claims adjudication to enhance efficiency and reduce errors.[31][32][33]IPO and Agentic AI Era (2021–2025)
In April 2021, UiPath completed its initial public offering on the New York Stock Exchange under the ticker PATH, raising $1.3 billion by selling 23.9 million shares at $56 each.[34] The IPO valued the company at approximately $35 billion on a fully diluted basis, marking one of the largest software listings that year and reflecting strong investor interest in robotic process automation (RPA) amid digital transformation trends.[35] Shares debuted strongly, climbing over 20% on the first trading day to close at $69.[36] underscoring UiPath's position as a leader in enterprise automation. Following the IPO, UiPath encountered significant post-listing volatility, with its stock price dipping sharply in 2022 amid broader market conditions including rising interest rates, inflation pressures, and a tech sector sell-off that affected high-growth software firms.[37] The shares fell more than 70% from their post-IPO peak by mid-2022, exacerbated by concerns over decelerating growth and macroeconomic headwinds impacting enterprise spending on automation.[38] Recovery began in 2023 as UiPath pivoted toward AI enhancements, with the stock gradually rebounding to over $18 per share by late that year, driven by renewed focus on integrating artificial intelligence to bolster RPA capabilities and improve operational efficiency.[39] From 2023 to 2024, UiPath deepened its integration of generative AI into its RPA platform, launching UiPath Autopilot in October 2023 as a suite of AI-powered tools enabling natural language-based automation for users across skill levels.[40] This initiative expanded the platform's scope to include conversational AI agents that assist in process discovery, testing, and deployment, positioning UiPath to capitalize on the generative AI boom while addressing enterprise needs for scalable, intelligent workflows.[41] In 2024, enhancements like Autopilot for Everyone further democratized these features, allowing broader adoption within organizations to automate complex, unstructured tasks.[42] Key milestones in 2025 included the UiPath Fusion conference held in Las Vegas from September 29 to October 2, where the company emphasized agentic orchestration—the coordination of AI agents, robots, humans, and systems for end-to-end automation.[43] At the event, UiPath announced expansions in agentic automation capabilities, highlighting real-world implementations by customers like CSL and JPMorgan to scale AI-driven processes.[44] In November 2025, UiPath was named a Leader and Star Performer in the Everest Group's Full Suite Intelligent Process Automation Platform PEAK Matrix® Assessment 2025.[45] As of November 17, 2025, UiPath's stock closed at $13.52 per share, reflecting ongoing market adjustments but sustained interest in its AI evolution.[46]Products and Technology
UiPath Platform Core
The UiPath Platform serves as a comprehensive end-to-end robotic process automation (RPA) suite designed to streamline business process automation across enterprises.[47] At its core, the platform comprises three primary components: UiPath Studio, which enables developers to design, build, and test automation workflows using a visual interface with drag-and-drop activities; UiPath Orchestrator, a centralized web-based application for managing, scheduling, and monitoring robot executions at scale; and UiPath Robots, software executors that mimic human interactions with digital systems to run the automated processes either attended by users or unattended in the background.[48][49] These elements integrate seamlessly to facilitate the full automation lifecycle, from development to deployment and oversight.[50] The platform supports flexible deployment models to accommodate diverse organizational needs, including both cloud-based and on-premises options. UiPath Automation Cloud provides a multi-tenant SaaS solution for rapid, scalable automation without managing infrastructure, with a notable expansion in October 2025 introducing data residency capabilities in the United Arab Emirates to meet regional sovereignty requirements.[51][52] In contrast, UiPath Automation Suite enables full-platform deployment on-premises or in private clouds, utilizing a Kubernetes-based architecture on Linux environments such as bare metal servers or virtual machines for enhanced control and customization.[53] Integration capabilities are a cornerstone of the platform, allowing seamless connectivity to enterprise systems through pre-built APIs and connectors. For instance, it supports direct API interactions with systems like SAP via BAPI and OData connectors for automating ERP workflows, and with Salesforce through dedicated connectors for sales cycle tasks such as lead management and reporting.[54][55] The UiPath Integration Service further extends this by providing access to third-party applications, enabling automations to trigger events, exchange data, and orchestrate processes across hybrid environments.[56] Security is embedded throughout the UiPath Platform to ensure robust protection of automated processes and data. It incorporates role-based access control (RBAC) to enforce least-privilege permissions based on user roles, alongside multi-factor authentication for secure logins.[57] The platform complies with key standards, including SOC 2 Type II for controls related to security, availability, processing integrity, confidentiality, and privacy, as well as the General Data Protection Regulation (GDPR) applied globally to safeguard personal data.[58][59] Additional measures include encryption at rest and in transit, audit logging, and tenant data isolation to support enterprise-grade compliance.[58]Agentic Automation Features
UiPath's Platform™ for agentic automation and orchestration enables enterprises to build and deploy AI agents that autonomously handle complex, decision-making tasks beyond traditional robotic process automation. This platform integrates large language models (LLMs) with orchestration capabilities to create adaptive workflows that reason, plan, and execute across multiple systems. In October 2025, it was named one of TIME's Best Inventions of 2025 for its innovative approach to connecting AI agents in enterprise environments.[60] Central to the platform are specialized tools that facilitate agent development and integration. Agent Builder allows users to create custom AI agents tailored for intricate processes, such as invoice dispute resolution, by defining skills, tools, and reasoning logic without extensive coding.[61] ScreenPlay serves as an out-of-the-box agent for visual process capture, enabling automation of user interface interactions through natural language descriptions that mimic human screen navigation and adaptation to dynamic layouts.[62] Autopilot enhances LLM integration by automating schema creation and incorporating extraction and validation agents to streamline data processing in workflows.[44] The platform's agentic orchestration, powered by UiPath Maestro, coordinates multi-agent systems to manage end-to-end processes, ensuring seamless interaction between agents, robots, and external systems. This orchestration supports applications like inventory optimization through AI-driven reorder and stock replenishment decisions, as well as dynamic pricing adjustments via list price optimizers and quote pricing tools.[63][64] Such capabilities allow enterprises to scale autonomous operations while maintaining governance and monitoring. The acquisition of Peak in 2025 contributed foundational agentic design principles to these orchestration features.[63] In April 2025, UiPath released cumulative updates enhancing agentic automation components, including improvements to Document Understanding for better extraction accuracy in agent workflows and expanded Insights analytics for tracking agentic process metrics like publication rates and performance dashboards.[65][66] These updates integrate Maestro orchestration data into Insights, providing deeper visibility into multi-agent efficiency and ROI.[66] In November 2025, UiPath introduced support for Gemini models in Agents and improved the integration of Maestro orchestration data into Insights for enhanced visibility into multi-agent performance and efficiency.[67][68]Business and Financials
Funding Rounds
UiPath's pre-IPO funding began with a seed round in August 2015, raising $1.6 million led by Earlybird's Digital East Fund, with participation from Seedcamp and Credo Ventures, which supported the company's relocation to the United States and early product development.[69][70] In April 2017, UiPath completed a $30 million Series A round led by Accel, with participation from early backers including Seedcamp, to accelerate global hiring and enhance its robotic process automation platform.[71][72] The company achieved unicorn status in March 2018 through a $153 million Series B round led by Accel, with new investors CapitalG (Alphabet's growth fund) and Kleiner Perkins joining existing backers, valuing UiPath at over $1.1 billion.[73] UiPath continued its funding momentum with a $225 million Series C round in September 2018, led by Sequoia Capital and CapitalG, followed by an extension in November that added $40 million from IVP, Madrona Venture Group, and Meritech Capital, bringing the total for the round to $265 million at a $3 billion valuation.[74][75] Subsequent rounds included a $568 million Series D in April 2019 led by Coatue Management at a $7 billion valuation, a $225 million Series E in July 2020 led by Alkeon Capital Management at $10.2 billion, and a $750 million Series F in February 2021 led by Alkeon Capital and Coatue Management at $35 billion.[76][77][78] By the time of its 2021 IPO, UiPath had raised $1.992 billion across these venture rounds from a diverse group of prominent investors, including Sequoia Capital, IVP, and Coatue Management.[79]| Round | Date | Amount Raised | Lead Investors | Valuation (Post-Money) |
|---|---|---|---|---|
| Seed | Aug 2015 | $1.6M | Earlybird Digital East Fund | N/A |
| Series A | Apr 2017 | $30M | Accel | $140M |
| Series B | Mar 2018 | $153M | Accel, CapitalG | $1.1B |
| Series C | Sep/Nov 2018 | $265M | Sequoia Capital, CapitalG | $3B |
| Series D | Apr 2019 | $568M | Coatue Management | $7B |
| Series E | Jul 2020 | $225M | Alkeon Capital Management | $10.2B |
| Series F | Feb 2021 | $750M | Alkeon Capital, Coatue Management | $35B |