RPA Vendor Uipath is Now Worth US$35 Billion

RPA provider Uipath, whose mission is to automate most of the repetitive functions that allow people to unleash their talent and focus on more innovative and creative projects, has raised $ 750 million and its worth at incredible levels $ 35 billion raised.

The New York-based company has raised approximately $ 2 billion since its inception in 2005, with investors including CapitalG from Alphabet Inc., Kleiner Perkins, Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and Alkeon Capital.

The RPA provider is not making a lot of money even though its rating is increasing a lot. Investors are rushing to this type of company, however, as the demand for RPA is growing like never before, largely thanks to the endemic coronavirus.

Just under four years ago, annual recurring revenue (ARR) was around $ 8 million. According to industry analysts, the number must now have reached $ 400 million.

Uipath will list its shares on the New York Stock Exchange during the first half of this year.

The RPA provider was actually founded in Romania and is now its competitor Automation Anywhere.

August 8, 2021