Latest News  

RPA solutions developer UiPath gets 30 million dollars financing from Accel Partners

Romanian start-up UiPath specializing in in robotic process automation announced it secured a 30 million dollars' worth financing from US venture capital firm Accel Partners.

2017-04-27 20:41:03

Accel Partners, is an American venture capital firm, specializing in seed, early and growth-stage investments and has funded many technology companies including Facebook, Dropbox, Atlassian, Flipkart, Spotify among others. The Series A funding includes a USD 1.6 million seed round UiPath raised last year from Earlybird, Credo Ventures and Seedcamp.

UiPath is a Romanian start–up based in USA and offices in six countries, specializing in development and selling of Robotic Process Automation / RPA solutions and products. In 2006, the current CEO of the company, Daniel Dines, had been completed a stage of his career at Microsoft Hq in US and, together with the current technology manager of UiPath, Marius Tirca, put the bases of their future dream that now encompasses UiPath.

In 2013, the start-up really started to take shape and emerged on the market with a ready-to-market product, an "enterprise" automation platform that currently, it is being sold to the largest corporations in the world, according to representatives of the company. Until 2015, the company secured its own financings and expanded with offices in US and, in August 2015, UiPath accessed the first seed-type investment round from Earlybird Venture Capital, Credo Ventures and Seedcamp. One year later, in 2016, following two product versions already launched and a team of programmers that grew from 25 to 100, UiPath opens offices in London, New York, Bengaluru, Singapore and Tokyo.

The start-up has about 200 large companies among its customers, including Lufthansa, Generali, Telenor and Dong Energy, besides companies operating in sectors such as banking and financial service, insurance manufacturing, utilities, healthcare and government. For the next five years, the company plans to achieve revenues of around 100 million US dollars.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Amazon close to sign lease contract for 10.000 sqm office space within Globalworth Campus

At the beginning of this year, the US giant retailer Amazon was said to rent around 10.000 sqm office spaces in Bucharest, where they might hire some 1.000 professionals, according to sources close to company q

 Read Full article »
Levi9 relocates office to Business Center Iasi

IT company Levi9 will open its new Iasi office at Iasi, Soseaua Nationala 31. The new office will be a modern, open and attractive working environment for the 150 employees and facilitate the expected growth to

 Read Full article »
IBM to open its fourth business services center in Romania

US-based IT giant IBM announced it would open a new business center in Cluj-Napoca this July, the fourth center operated by the It company in Romania, after Bucharest, Brasov and Timisoara.

 Read Full article »
SAP ranked first among Europe's most valuable brands in 2017

SAP, leading company in digital transformation, ranked 1st among Europe's most valuable brands, according to the 2017's edition of BrandZ Top 100 Most Valuable Global Brands, with a brand value of 45.194 billio

 Read Full article »
Nokia invests 73 million Euro in expanding its campus in Timisoara

Finland-based company Nokia said it will be expanding its campus in western city of Timisoara with the biggest research and development (R&D) center in the Romanian telecom industry and the total investment exc

 Read Full article »
Romania's Fribourg Capital launches 20 million Euro investment fund for startups

Romanian investment firm Fribourg Capital said it has launched Fribourg Digital, a 20 million Euro investment fund which targets startups in the IT sector, according to a company statement quoted by seenews.

 Read Full article »
Avangate plans to hire 45 IT specialists for its office in Romania

Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, with Romanian roots, which recently acquired the 2Checkout global payment processor, will hire 45 IT s

 Read Full article »
Qualitance made the FT's list of Europe's fastest-growing companies

The global technology innovation company with headquarters in Romania, US and Australia was ranked 612 on the list of 1000 European fast-growing firms, with a revenue growth of 165 per cent between 2012 and 201

 Read Full article »
Colliers: More than 265,000 sqm of office area is scheduled for delivery in 2017

More than 265,000 sqm of office area is scheduled for delivery in 2017, broadly in line with the level received in 2016, according to the recently launched market report of Colliers.

 Read Full article »
Societe Generale European Business Services reaches 1,000 employees in the shared service in Bucharest

Societe Generale European Business Services, the shared service center for Societe Generale Group, has reached 1,000 employees due to an accelerated growth over the last three years. Societe Generale European B

 Read Full article »
 
MOST RECENT VIDEO
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Grégoire Vigroux appointed the new Vi...
» Romanian Outsourcing Awards for Excell...
» Romanian Outsourcing Awards for Excell...
» SocGen's EBS division to grow 60%, exp...
» Bombardier: from Bucharest subway to t...
» Ericsson and Skanska trial IoT for Sma...
» OT Learning & Development Roundable ta...
» AFI Europe Romania and Dedeman sign ag...
» TELUS International Europe: E-book: Ho...
 
EDITOR CHOICE
TELUS International Europe: Issue 3 - Customers First magazine! Strategy and innovation in travel and hospitality

The third issue of our Customers First magazine is now available! The latest edition is all about travel and hospitality, featuring insights from industry experts and top brands like JetBlue, Turo, Joie de Vivr

 Read Full article »
The future is now - Review of Romanian Outsourcing Summit, 2017

Romania delivers services in 25 languages with more than 100,000 specialists employed in the outsourcing industry and business services, and based on an estimated growth of 15-20 per cent, it is estimated to re

 Read Full article »
Genpact's COO: Staying ahead of the curve

Shibu Nambiar has over 18 years of experience in the services industry, covering roles in operations, project management, service delivery, product development, domain management and training.

 Read Full article »
Reshaping the industry mindset

The business shared services industry in Romania is living a fantastic youth, but may be heading towards a maturity that may come sooner than expected, thanks to disruptive emerging technologies and the urgent

 Read Full article »
OT Learning & Development Roundable takes place on June 15th

On June 15th, Outsourcing Today organizes OT Learning & Development roundtable. The event brings together the business services professionals to discuss and discover new tools and programs designed to assist bu

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events