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UiPath

New York, US · Founded 2005 · Delaware corporation · 5,148 employees on LinkedIn · Public · 37 known investors

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UiPath provides enterprise automation software that uses AI agents and robots to automate business processes across departments like procurement, finance, and ERP systems. The platform helps organizations manage the full automation lifecycle from workflow design to ROI tracking.

Also known as DeskOver · PATH · UiPath Inc.

Founders & leadership

UiPath was founded in 2005 by Daniel Dines and Marius Tirca.

DDDaniel Dines
Daniel Dinesin𝕏CEO & FounderCo-founder, CEO & Chairman of UiPath
MT
Marius TircainCo-founder & CTOformerCo-founder & former CTO of UiPath

Investors · 37

Also in the syndicate · 11

AlkeonleadCoatueDragoneerKleiner Perkins Caufield & ByersSands CapitalT. Rowe Price & AssociatesT. Rowe Price AssociatesTencentTiger GlobalWellingtonWellington Management

Reported raises · per SEC filings

Form D private placements

$1.4B disclosed across 5 of 10 rounds · 2015–2021

$750MraisedFeb 2021 · 97 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel DinesExecutive Officer, Director
  • Richard P. WongDirector
  • Jennifer TejadaDirector
  • Thomas MendozaDirector
  • Kimberly L. HammondsDirector
  • Michael GordonDirector
  • Philippe BotteriDirector
  • Ted KummertExecutive Officer
  • Thomas HansenExecutive Officer
  • Ashim GuptaExecutive Officer
  • Brad BrubakerExecutive Officer
Offering amount
$750M
Amount sold
$750M
First sale
Feb 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$225.9MraisedJul 2020 · 103 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard WongDirector
  • Thomas MendozaDirector
  • Dan LupuDirector
  • Daniel Solomon DinesExecutive Officer, Director
  • Alexandru IancuDirector
  • Philippe BotteriDirector
Offering amount
$225.9M
Amount sold
$225.9M
First sale
Jul 2020
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$568.6MofferedMay 2019 · 110 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel DinesExecutive Officer, Director
  • Luciana LixandruDirector
  • Dan LupuDirector
  • Tom MendozaDirector
  • Alexandru IancuDirector
  • Rich WongDirector
  • Tirca MariusExecutive Officer
Offering amount
$568.6M
Proceeds to insiders
$107.8M
First sale
Apr 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$33.7MraisedNov 2018 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Dan LupuDirector
  • Luciana LixandruDirector
  • Alexandru IancuDirector
  • Tom MendozaDirector
  • Rich WongDirector
  • Daniel DinesExecutive Officer, Director
Offering amount
$33.7M
Amount sold
$33.7M
First sale
Nov 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$230.2MraisedNov 2018 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Luciana LixandruDirector
  • Alexandru IancuDirector
  • Dan LupuDirector
  • Tom MendozaDirector
  • Daniel DinesExecutive Officer, Director
  • Marius TircaExecutive Officer
  • Rich WongDirector
Offering amount
$230.2M
Amount sold
$230.2M
Proceeds to insiders
$87M
First sale
Nov 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$153MraisedMar 2018 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel DinesExecutive Officer, Director
  • Marius TircaExecutive Officer
  • Alexandru IantuDirector
  • Tom MendozaDirector
  • Dan LupuDirector
  • Luciana LixandruDirector
Offering amount
$153M
Amount sold
$153M
Proceeds to insiders
$32.7M
First sale
Mar 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$10.2Bvaluation at Series EJul 2020
filing ↗
$7Bvaluation at Series DApr 2019
filing ↗
$3Bvaluation at Series CSep 2018
filing ↗
$1.1Bvaluation at Series BMar 2018
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

UiPath Inc. is a Romanian-American multinational software company that builds artificial intelligence, agentic automation, and orchestration software. Its software allows organizations to build and orchestrate AI agents that automate complex business processes and workflows. The company was founded in 2005 in Bucharest, Romania, as DeskOver and is headquartered at One Vanderbilt in New York City, with locations in 31 countries.

The core offering is the UiPath Platform for Agentic Automation, structured around three layers: orchestration (coordinating work across AI, people, and systems, including long-running processes that pause for documents or approvals and resume), execution (AI agents that reason, robots and APIs that act deterministically on systems of record, and human review steps), and governance (data masking, prompt-injection protection, approved-model management, design- and run-time controls on agent agency, and audit logging of AI interactions). Platform components include UiPath Studio, a family of low-code visual IDE products for building processes; client-side Robots that execute them; UiPath Maestro, an orchestration engine for modeling, automating and optimizing processes and monitoring agent and robot performance; UiPath IXP for intelligent document processing; Autopilot; Agent Builder; Test Cloud; Insights analytics; Apps; and Automation Cloud alongside self-hosted deployment. Earlier RPA products automated tasks in CRM and ERP systems and back-office areas such as accounting, HR paperwork, and claims processing.

UiPath packages the platform into ready-to-deploy solutions for industries and departments, including banking and financial services (financial crime compliance, lending automation), healthcare (medical record summarization, prior authorization, claim denial resolution), finance and accounting (procure-to-pay, invoice processing, order-to-cash), manufacturing (commercial pricing, inventory management), and retail merchandising. It also operates UiPath Academy for training and certification in agentic automation and RPA, and a developer community.

Founding story

UiPath was founded in 2005 in Bucharest, Romania, as DeskOver by Daniel Dines and Marius Tîrcă; Wikipedia additionally lists Adrian Dorache, Andra Ciorici, and Lavinia Cojocaru among the founders. The company describes its start as roughly 10 people working in a small apartment. For about a decade the team bootstrapped, building various software tools to automate tasks for developers while searching for product-market fit. On identifying the emerging enterprise category of robotic process automation, the team pivoted entirely to it and renamed the company after its RPA product.

Business model

UiPath sells enterprise automation software, delivered through its Automation Cloud SaaS offering as well as self-hosted deployments for customers with performance, compliance, and security requirements. Free trials and a free tier are offered alongside direct sales engagement.

The company reported revenue of US$1.43 billion for fiscal 2025 (as of January 31, 2025). It previously described its business in terms of annual recurring revenue, growing ARR from $100 million to over $400 million in the 24 months preceding July 2020.

Traction

The company reported 3,868 employees and US$1.43 billion in revenue for fiscal 2025. It cites more than 10,800 customers as of July 31, 2023, customers in over 100 countries as of July 31, 2022, more than 3 million developers using AI at work, and a 93% would-recommend rating in Gartner Peer Insights 2023. Customer outcomes highlighted on its site include 70,000 labor hours saved annually, $2.7 million saved by an automation program, a 75% reduction in fraud losses over two years, and a 90% reduction in clinical review time per case.

Latest developments

In March 2025 UiPath announced Test Cloud and acquired Peak, a Manchester-headquartered AI company focused on agentic inventory and pricing optimization. In April 2025 it launched the UiPath Platform for Agentic Automation with the Maestro orchestration layer. In October 2025 the platform was named one of TIME Magazine's Best Inventions of 2025, and the company was recognized as a 2026 Gartner Peer Insights Customers' Choice for Business Orchestration and Automation Technologies. It is promoting an upcoming FUSION event.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

UiPath describes itself as a category leader in RPA and positions the platform for agentic automation and orchestration. It has been recognized as a Leader in the Gartner Magic Quadrant for Intelligent Document Processing, a Leader in the IDC MarketScape: Business Automation Platforms 2025 Vendor Assessment, a Leader in Everest Group's IDP Products PEAK Matrix Assessment 2025 for a third consecutive year, a 2026 Gartner Peer Insights Customers' Choice for Business Orchestration and Automation Technologies, a G2 Grid Leader (Fall 2025) across business automation platforms, agentic AI, AI agent builders and AI software testing tools, and its platform was named one of TIME's Best Inventions of 2025. Earlier recognitions include the 2020 CNBC Disruptor 50, Forbes AI 50, FT Americas' Fastest Growing Companies 2020, and the top position on Deloitte's 2019 Technology Fast 500.

UiPath positions itself as a single platform uniting orchestration, execution, and governance, so that AI agents, robots, and people work on one canvas with durable long-running processes, automatic routing of low-confidence decisions to humans, and a traceable, regulator-ready record of every action, decision, and policy applied. It emphasizes deterministic robot execution on systems of record alongside reasoning agents, and deployment without replacing existing systems.

Technology

The platform combines robotic process automation, AI agents, and human decision points. Low-code visual IDE products (UiPath Studio) are used to build processes that client-side Robots execute; UiPath Maestro orchestrates and optimizes complex processes and monitors agent and robot performance; UiPath IXP performs document understanding and data extraction across complex layouts and multiple languages. Autopilot integrates generative AI and natural language processing into the platform, and Agent Builder combines RPA with generative AI-powered agents. Governance capabilities include PII masking, prompt-injection blocking, approved-model governance, human-in-the-loop approvals, and audit logging.

Go-to-market

UiPath combines direct enterprise sales (demo requests and contact-sales motions) with self-service free trials, ready-to-deploy industry and departmental solutions, a marketplace of pre-built automations and AI solutions, and community-led adoption through UiPath Academy training and certification, a developer forum, and free Studio Community/Studio Web downloads. Partnerships such as the Microsoft Teams agentic AI integration extend distribution.

Large enterprises across banking and financial services, healthcare, manufacturing, retail, and cross-industry finance and accounting, IT, and shared-services functions. As of July 2020 the company said it had automated tasks for over 65% of the Fortune 500 and 8 of the Fortune 10; it reported more than 10,800 customers as of July 31, 2023.

Geography

Headquartered at One Vanderbilt in New York City, with operations in 31 countries and a worldwide area served. Early international offices opened in 2015 in London, New York City, Bangalore, Paris, Singapore, Washington, D.C., and Tokyo; the company originated in Bucharest, Romania.

History

After releasing its first UiPath Desktop Automation product line in 2013, the company changed its name from DeskOver to UiPath in 2015 and, following seed funding from Accel Partners and earlier investors, opened offices in London, New York City, Bangalore, Paris, Singapore, Washington, D.C., and Tokyo. By April 2016 it had shipped Front Office and Back Office Server suites and Studio Community Edition, reaching 10,000 active community members and more than 250 enterprise customers within six months. In 2017 the company reported 590 employees and moved its headquarters to New York. In October 2019 it acquired StepShot (process documentation, Ukraine) and ProcessGold (process mining, Netherlands) and launched Explorer, Apps, StudioX, Insights, and Connect; by November 2019 it reported 5,000 customers and a developer community of more than 500,000, and ranked first in the Deloitte Technology Fast 500. It acquired Cloud Elements in March 2021, went public on the NYSE in April 2021, and acquired natural language processing company Re:infer in July 2022. In July 2024 it released Autopilot and announced a Microsoft Teams agentic AI collaboration; Agent Builder previewed in October 2024. In March 2025 it announced Test Cloud and acquired Manchester-based AI company Peak, and in April 2025 launched the UiPath Platform for Agentic Automation with the Maestro orchestration layer.

Risks & controversies

The company reported an operating loss of US$163 million and a net loss of US$74 million for fiscal 2025. Its own account of its history cites organizational strain from rapid growth, including financial pressure and burn-rate management amid a fast-expanding workforce, and describes the rise of generative AI as both a challenge and an opportunity requiring integration of AI with RPA to remain competitive; leadership also shifted when Daniel Dines moved to a Chief Innovation Officer role before returning as CEO.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual recurring revenueJul 2020$400M
Countries with locationsJan 202531
Customer countriesJul 2022100
CustomersJul 202310,800 customers
Developer community sizeNov 2019500,000 people
Developers using AI at workJan 20253,000,000 developers
EmployeesJan 20253,868 people
Gartner Peer Insights would-recommend rateJan 202393%
HeadcountAug 20265,148
Net incomeJan 2025−$74M
Operating incomeJan 2025−$163M
RevenueJan 2025$1.4B
Total assetsJan 2025$2.9B
Total equityJan 2025$1.9B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

12 people who came through UiPath went on to found or lead other companies.

Competitors · 2

by search overlap

Companies competing with UiPath for the same Google search keywords, organic and paid, via search-intersection analysis.

Acquisitions · 1

Early investors' stakes continue via these deals
Cloud Elements

Cloud Elements was a Denver-based API integration platform that let SaaS providers and enterprises publish, integrate, and manage APIs through prebuilt one-to-many connectors, linking entire categories of cloud applications through a single unified API. Founded in 2012, the company raised over $60 million in disclosed funding and was acquired by UiPath in March 2021 to power API-based automation in the UiPath platform.

Timeline · 17

launches, deals, and filings
Jan 2026
Gartner Peer Insights Customers' Choice for Business Orchestration and Automation Technologies

UiPath was recognized as a 2026 Gartner Peer Insights Customers' Choice for Business Orchestration and Automation Technologies (BOAT).

source ↗

Oct 2025
Named to TIME's Best Inventions of 2025

The UiPath Platform for agentic automation and orchestration was named one of TIME Magazine's Best Inventions of 2025.

source ↗

Apr 2025
Launch of the UiPath Platform for Agentic Automation with Maestro

UiPath launched its Platform for Agentic Automation, including an orchestration layer called Maestro for coordinating employees, agents and robots.

source ↗

Mar 2025
Acquisition of Peak

UiPath acquired Peak, a Manchester-headquartered AI company specializing in agentic solutions for inventory and pricing optimization, for an undisclosed sum.

source ↗

Mar 2025
Announcement of UiPath Test Cloud

UiPath announced Test Cloud, a software testing tool that integrates AI agents.

source ↗

Oct 2024
Preview of Agent Builder

UiPath launched a preview of Agent Builder, an agentic automation tool combining RPA with generative AI-powered agents.

source ↗

Jul 2024
Collaboration with Microsoft on agentic AI in Teams

UiPath announced a collaboration with Microsoft to integrate agentic AI into Microsoft Teams.

source ↗

Jul 2024
Launch of UiPath Autopilot

UiPath released Autopilot, integrating generative AI and natural language processing into its Business Automation Platform.

source ↗

Jul 2022
Acquisition of Re:infer

UiPath acquired natural language processing developer Re:infer for an undisclosed sum.

source ↗

Apr 2021
Initial public offering on the New York Stock Exchange

UiPath raised $1.3 billion in an IPO on the NYSE, reported at the time as one of the largest US software IPOs in history. Shares trade as NYSE: PATH (Class A).

$1.3B source ↗

Mar 2021
Acquisition of Cloud Elements

UiPath acquired Cloud Elements, an interconnectivity platform, to advance API-based automation capabilities.

source ↗

Jul 2020
UiPath closes $225 million Series E at $10.2 billion post-money valuation

UiPath announced the close of a $225 million Series E round led by Alkeon at a post-money valuation of $10.2 billion, with participation from Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington and funds advised by T. Rowe Price Associates. Proceeds were earmarked for R&D, platform development and expanded cloud offerings.

$225M source ↗

Oct 2019
Acquisition of StepShot and ProcessGold

UiPath acquired Ukrainian process documentation company StepShot and Dutch process mining company ProcessGold.

source ↗

Oct 2019
Platform updates including Explorer, Apps, StudioX, Insights and Connect

UiPath announced UiPath Explorer (automation identification and planning, built on technology from acquired companies), UiPath Apps, low-code tool UiPath StudioX, embedded analytics tool UiPath Insights, and UiPath Connect.

source ↗

Jan 2017
Headquarters moved to New York

UiPath moved its headquarters to New York to be closer to its international customer base, reporting 590 employees at the time.

source ↗

Jan 2015
Name change to UiPath and international office openings

The company changed its name from DeskOver to UiPath and, after seed funding from Accel Partners and earlier investors, opened offices in London, New York City, Bangalore, Paris, Singapore, Washington, D.C., and Tokyo.

source ↗

Jan 2013
First UiPath Desktop Automation product line released

The company released its first UiPath Desktop Automation product line, providing RPA tools to automate manual and repetitive back-office tasks.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
UiPathDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does UiPath do?
UiPath develops agentic AI and automation software that orchestrates AI agents, software robots, and people across enterprise workflows.
Who founded UiPath?
UiPath was founded by Daniel Dines, Marius Tirca in 2005.
Who are UiPath's investors?
UiPath's investors include Accel, Alkeon Innovation, Amakor, CapitalG, Coatue Management, Crane Venture Partners, Credo Ventures, Earlybird DWES Management GmbH & Co. KG and 18 more.
How much funding has UiPath raised?
UiPath has disclosed $1.4B raised across 5 of its 10 known rounds.
Where is UiPath headquartered?
UiPath is headquartered in New York, US.