Romanian unicorn UiPath prepares for listing
UiPath, the first unicorn set up by Romanian entrepreneurs, is looking to hire investment banks that will manage the company's listing, scheduled for 2021, according to Reuters.
Launched in 2015, UiPath has become the Enterprise Robotic Process Automation (RPA) platform with the highest adoption rate. The startup develops and sells RPA technology, the software robots created by the company being programmed to take over the "copy-paste" type work previously performed by human employees.
The initial public offering (IPO) could value the company at USD 15 billion, sources said. This summer, the company was valued at just over USD 10 bln following the latest funding round.
In July, Daniel Dines, the company's CEO and co-founder, officially announced that UiPath was preparing an initial public offering for 2021.
In 2018, UiPath became the first "unicorn" set up by Romanian entrepreneurs, after the company was valued at over USD 1 bln in a Series B financing round, attended by Accel, CapitalG (Alphabet's investment division, the parent company of Google) and Kleiner Perkins Caufield & Byers. This summer, UiPath was valued at USD 10.2 bln in a new investment round of USD 225 mln.
Comments are closed.
March 2023 February 2023 January 2023 December 2022 November 2022 August 2022 July 2022 May 2022 February 2022 January 2022 December 2021 October 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 August 2020 July 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 March 2019 December 2018 November 2018 October 2018 September 2018 August 2018 March 2018 January 2018 December 2017 November 2017 October 2017 September 2017
11th annual CEE Business Services Awards
Build it or Buy It?: Outsourcing in Poland and Central Eastern Europe
BSC Directors VIP WineTastings, June-September 2023
BSC Charity Beach Volleyball Tournaments - June and August 2023