UiPath Inc. is a Romanian-American multinational software company that develops artificial intelligence (AI) and agentic automation and orchestration software. The company's software enables the building and orchestration of AI agents to automate complex processes and workflows. Founded in 2005 in Bucharest, Romania, by Daniel Dines and Marius Tîrcă, the company is headquartered in New York City. UiPath became a public company on April 21, 2021, in what was reportedly one of the largest US software initial public offerings (IPOs) in history.
The company's core offering is the UiPath Platform for Agentic Automation, which integrates robotic process automation (RPA), AI, and human decision-making to handle larger, more complex automations than traditional RPA alone. UiPath has evolved from its early desktop automation tools to a comprehensive platform that includes low-code development environments, orchestration engines, and AI-powered agents.
History
UiPath was founded in 2005 in Bucharest, Romania, as DeskOver, by Romanian entrepreneurs Daniel Dines and Marius Tîrcă. The company initially focused on software development tools before pivoting to automation.
In 2013, UiPath released the first UiPath Desktop Automation product line, providing companies with RPA tools to automate manual and repetitive back-office tasks. This marked the company's entry into the robotic process automation market.
In 2015, the company changed its name to UiPath. That same year, after receiving seed funding from Accel Partners and earlier investors, UiPath opened offices in London, New York City, Bangalore, Paris, Singapore, Washington, D.C., and Tokyo, signaling its global expansion.
By April 2016, UiPath had released its Front Office and Back Office Server suites, along with a Studio Community Edition. Within six months, the company reported 10,000 active community members and more than 250 enterprise customers.
In 2017, UiPath reported 590 employees and moved its headquarters to New York City to be closer to its international customer base.
In October 2019, UiPath announced the acquisition of Ukrainian process documentation company StepShot and Dutch process mining company ProcessGold. Also in October, the company introduced several platform updates, including UiPath Explorer (an automation identification and planning tool), UiPath Apps (a robot communication tool), UiPath StudioX (a low-code robot programming tool), UiPath Insights (embedded analytics), and UiPath Connect (a tool for employees to find new processes to automate).
In November 2019, UiPath reported 5,000 customers worldwide and a developer community of more than 500,000 people. That month, the company was ranked first in the Deloitte Technology Fast 500.
In March 2021, UiPath acquired Cloud Elements, an interconnectivity platform, to advance API-based automation capabilities. In April 2021, UiPath raised $1.3 billion in an IPO on the New York Stock Exchange, one of the largest US software IPOs at the time.
In July 2022, UiPath acquired Re:infer, a natural language processing developer, for an undisclosed sum.
In July 2024, UiPath released its UiPath Autopilot program, integrating generative AI and NLP into its Business Automation Platform. The company also announced a collaboration with Microsoft to integrate agentic AI into Microsoft Teams.
In October 2024, UiPath launched a preview of its Agent Builder, an agentic automation tool for developers to combine RPA with generative AI-powered agents.
In March 2025, UiPath announced UiPath Test Cloud, a tool to improve software testing by integrating AI agents. Also in March, UiPath acquired Peak, a Manchester-headquartered AI company specializing in agentic solutions for inventory and pricing optimization, for an undisclosed sum.
In April 2025, UiPath launched the UiPath Platform for Agentic Automation, with an orchestration layer called Maestro, enabling employees to work effectively with agents and robots.
In October 2025, the UiPath Platform was named one of TIME Magazine's Best Inventions of 2025.
Products
UiPath develops agentic automation software that combines robots, AI agents, and people to automate workflows and processes. Agentic automation integrates traditional robotic process automation, artificial intelligence, and human decision-making capabilities to handle larger, more complex automations.
The main product is the UiPath Platform for Agentic Automation. The platform includes UiPath Studio, a family of low-code visual integrated development environment (IDE) products for process creation, and client-side agents called Robots that execute those processes. A key component is UiPath Maestro, an orchestration engine designed to automate, model, and optimize complex business processes, and monitor the performance of agents and robots.
Earlier RPA products simplified tasks performed using other business software such as CRM or ERP systems, in internal and back-office areas like accounting, human resources paperwork, and claims processing.
UiPath also hosts the UiPath Academy, providing job training and certification in agentic automation and robotic process automation.
Funding
UiPath has raised significant funding over its history. Notable investors include Accel Partners, which provided seed funding in 2015, and other venture capital firms. The company's IPO in April 2021 raised $1.3 billion, making it one of the largest software IPOs in US history at that time. Prior to the IPO, UiPath had achieved a valuation of over $35 billion in private funding rounds, though specific details of all funding rounds are not publicly disclosed.
Technology and Innovation
UiPath's technology leverages Artificial intelligence and Machine learning to enhance automation capabilities. The company integrates Generative AI and Large language model technologies into its platform, as seen in UiPath Autopilot and Agent Builder. These tools enable the creation of AI agents that can understand and process natural language, making automation more accessible and powerful.
The platform's orchestration layer, Maestro, coordinates the work of robots and AI agents, ensuring efficient execution of complex workflows. UiPath's low-code approach allows business users to create automations without extensive programming knowledge, while developers can use more advanced features.
Market Position and Competition
UiPath operates in the competitive robotic process automation and intelligent automation market. Competitors include other RPA vendors such as Automation Anywhere and Blue Prism, as well as larger technology companies expanding into automation. UiPath's focus on agentic automation and AI integration distinguishes it from traditional RPA providers.
The company's global presence, with offices in major cities including New York, London, Bangalore, and Tokyo, supports its international customer base. UiPath serves a wide range of industries, including financial services, healthcare, and manufacturing.
Corporate Affairs
UiPath is headquartered in New York City, with significant operations in Romania, where it was founded. The company's leadership includes co-founder Daniel Dines, who has served as CEO. UiPath's workforce has grown substantially since its founding, with thousands of employees worldwide.
The company's IPO on the New York Stock Exchange under the ticker symbol PATH provided public market access and capital for growth. UiPath has made several strategic acquisitions, including StepShot, ProcessGold, Cloud Elements, Re:infer, and Peak, to expand its technology and capabilities.
Future Directions
UiPath continues to invest in AI and agentic automation, positioning itself at the forefront of enterprise automation. The company's roadmap includes further integration of generative AI, enhanced orchestration capabilities, and expansion of its partner ecosystem. As of 2025, UiPath is focused on helping organizations adopt AI agents to automate increasingly complex processes.
The recognition by TIME Magazine in 2025 highlights the platform's innovation and market impact. UiPath aims to lead the transition from traditional RPA to agentic automation, where AI agents work alongside humans to drive efficiency and productivity.