UiPath

Founded in 2005.

UiPath was founded in 2005 in Bucharest, Romania, originally operating as DeskOver. The company later became a major robotic process automation vendor.

The company changed its name from DeskOver to UiPath as it began scaling more aggressively. This marked a key branding shift in the company’s history.

UiPath closed an initial seed funding round led by Bek Ventures, with Credo Ventures and Seedcamp as backers. This was an early outside capital milestone for the company.

UiPath raised a Series A round in April 2017, reported as one of the largest European Series A rounds at the time. The round helped propel the company into broader international visibility.

UiPath announced a $153 million Series B round led by Accel. The company said the financing followed a year of record growth.

UiPath announced a $568 million Series D financing at a $7 billion post-money valuation. The round underscored the company’s rapid ascent in enterprise automation.

UiPath announced that its automation platform was now available in Microsoft Azure. The move expanded deployment options for customers using Microsoft cloud infrastructure.

UiPath raised $750 million in a funding round at a $35 billion valuation. The financing came shortly before the company’s public listing.

UiPath announced that it had acquired Cloud Elements, an API integration platform. The acquisition was intended to strengthen API-based automation capabilities.

UiPath announced pricing of its initial public offering. The company priced 23.89 million shares at $56 per share.

UiPath announced the closing of its initial public offering. The company’s shares began trading publicly on the New York Stock Exchange under the symbol PATH.

UiPath announced that Rob Enslin would join the company as Co-CEO. The leadership change was presented as part of the company’s evolution at scale.

UiPath announced that it had acquired Re:infer, a London-based natural language processing company. The deal expanded UiPath’s capabilities in unstructured communications and document understanding.

UiPath announced that Rob Enslin would resign as CEO effective June 1, 2024, and that founder Daniel Dines would return as CEO. This reversed the earlier CEO transition structure.

UiPath announced the acquisition of Peak, an AI-native company based in Manchester. The deal was positioned to strengthen vertically specialized agents within UiPath’s agentic automation platform.