The UiPath start-up, which specializes in developing automation solutions for a company's robotics, has earned $ 153 million in funding after one year of record growth, according to ZF
The new fund is run by the Accel investment fund and supported by Capital G, the investment fund behind Google, and Kleinder Perkins Caufield & Byers, the fund that has bet Amazon, AOL and EA from the start, propelling the company to a 1, $ 1 billion.
"UiPath has become a unicorn that is valued today at 1.1 billion dollars. The secret lies in the people in the company. I do not think we have a super-technology, I would not call it that. What mattered was the culture of the company, "Daniel Dines said in Bucharest on Tuesday. He added that he wants to list UiPath in the US NASDAQ in two years.
Launched in 2015, UiPath has become one of the most popular RPA platforms for businesses. The company's software allows for the rapid design and deployment of robots that efficiently emulate and execute repetitive procedures, increasing business productivity and streamlining customer service for both back-office and front-office operations
In 2017, UiPath's customer base grew from less than 100 to over 700, up 8 times in revenue. New customers include BMW, Dairy Farm Group, Dentsu, Huawei, Sumitomo Mitsui Financial Group. UiPath has also created a network of 120,000 RPA developers around the world.
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Capital G was set up in 2013 and has investments in 25 companies. In October 2017 he invested one billion dollars in Lyft and has further investments in Snap and Airbnb. Each of these funds has tens of billions of dollars in administration.
UiPath administrators want to continue expanding globally with new offices in Amsterdam, Houston, Munich, Paris, Seoul and Washington this quarter. The company has over 590 employees in 14 countries.