UiPath is the first Romanian ”Decacorn” - the leading Robotic Process Automation (RPA) software company, founded by Romanian entrepreneurs Daniel Dines and Marius Tirca, announced that it closed a USD 225 million Series E investment round and reached a valuation of over $10 billion.
The Romanian company will use this funding to deepen its investment in research and development and focus on hrlping customers deliver a better customer experience so employees worldwide can use, and also experience optimal value from software robots.
“This funding allows us to accelerate our platform ambitions to meet mounting customer demands and scale the tremendous opportunity to bring automation to one billion citizen developers – resulting in every business finally becoming a software business. We will advance our market-leading platform and will continue to deepen our investments in AI-powered innovation and expanded cloud offerings. COVID-19 has heightened the critical need of automation to address challenges and create value in days and weeks, not months and years. We are committed to working harder to help our customers evolve, transform, and succeed fast in the new normal” - said Daniel Dines, UiPath Co-Founder and CEO, quoted by Romania-Insider.com.
At the beginning of 2020, UiPath was recognized as the fastest-growing technology company in the Americas according to FT Americas’ Fastest Growing Companies 2020, and the number one fastest-growing company in North America based on Deloitte’s 2019 Technology Fast 500 list.