UiPath: 3 years for seed to germinate, now it is the latest unicorn in town

UiPath, a leading enterprise robotic process automation (RPA) software company, has raised US$153 million in Series B funding following a year of record growth. Launched in 2015, UiPath is the most widely used Enterprise RPA platform in the world.

In 2017, UiPath’s enterprise customer base grew from less than 100 to more than 700, resulting in 8x growth in annual recurring revenue.

Launched in 2015, UiPath has become the most widely adopted Enterprise RPA platform. “The company’s software enables the rapid design and deployment of software robots (digital workers) that perfectly emulate and execute repetitive processes” explains Raghunath Subramanian, President and CEO of UiPath India & Asia Pacific.

“RPA ultimately boosts business productivity, ensuring compliance and enhancing customer service across both back-office and front-office operations” he adds.