UiPath recognized by Forbes for its leadership, company culture, valuation, and growth
NEW YORK–(BUSINESS WIRE)–UiPath, the leading enterprise Robotic Process Automation (RPA) software company, has earned the No. 3 spot on the Forbes 2020 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world. Published annually by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures, the Cloud 100 has recognized UiPath on the strength of its market leadership, its culture and valuation, and revenue and growth. UiPath also earned the No. 3 spot in 2019.
“Automation is helping organizations and individuals become faster and more agile in the face of increased demand and rapidly changing environments, proving that if we work together we can adapt to, and thrive in, extraordinary circumstances. By augmenting workforces with software robots, business leaders around the world are rapidly accelerating the digital transformation of their enterprises and freeing employees up to spend time on more impactful work,” said UiPath Co-Founder and CEO Daniel Dines. “I am humbled by the amazing recognition and the support our customers, partners, and investors give us every day. They inspire us to work harder to evolve RPA as the platform that not only unlocks the true potential of AI, but also other emerging technologies.”
As part of the rigorous selection process for the Forbes 2020 Cloud 100, Bessemer Venture Partners received submissions from hundreds of cloud startups from around the world. The Cloud 100 Judging Panel, made up of public cloud company CEOs, selected, scored, and ranked the top 100 private cloud companies based on four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).
UiPath has become the most widely-adopted enterprise RPA platform, experiencing unparalleled growth among software companies. The company’s software enables the rapid design and deployment of software robots, otherwise known as digital workers, that perfectly emulate and execute repetitive processes, boosting business productivity, ensuring compliance, and enhancing customer service across both back-office and front-office operations. Whether on-premise or in the cloud, UiPath customers are afforded flexible deployment options best suited for their organization. In July, UiPath announced it had crossed over $400 million in Annual Recurring Revenue (ARR), making it one of the fastest growing enterprise software companies worldwide.
The company is also committed to training, up-skilling, and re-skilling all generations of workers. It has cultivated a thriving community of nearly 750,000 RPA developers worldwide, all of whom are benefiting from the company’s philosophy to democratize RPA by making its software easily available online and providing self-led, advanced training, and certification through the UiPath Academy. With its online education platform, the UiPath Academic Alliance, the company is also delivering curricula and fully functional, enterprise-level RPA software to more than 400 institutions in 33 countries.
This latest recognition comes on the heels of UiPath being named to both the CNBC Disruptor 50, an annual list of forward-thinking and ambitious private companies whose innovations are changing the world, and the Forbes AI 50, a list of private, U.S.-based companies that are using AI in meaningful business-oriented ways. Earlier this year, UiPath was recognized as the fastest growing technology company in the Americas according to FT Americas’ Fastest Growing Companies 2020.
The Forbes 2020 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2020 issue of Forbes magazine.
About Bessemer Venture Partners
Bessemer Venture Partners is the world’s most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth. The firm has backed more than 120 IPOs, including Pinterest, Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, PagerDuty, DocuSign, Wix, and MindBody. Bessemer’s 15 partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India. For more information, please visit www.bvp.com.
The defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 160 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect.
About Salesforce Ventures
Salesforce is the global leader in Customer Relationship Management (CRM), bringing companies closer to their customers in the digital age. Salesforce Ventures, the global investment arm of Salesforce, invests in the next generation of enterprise technology that extends the power of the Salesforce Platform. Salesforce Ventures is building the world’s largest ecosystem of enterprise cloud companies and extending that technology to customers. Portfolio companies receive funding, strategic advisory, and operating support, and can easily join Pledge 1% to make giving back part of their business model. Salesforce Ventures has invested in more than 400 companies, including DocuSign, GoCardless, Guild Education, nCino, Twilio, Zoom, and others across 22 countries since 2009. For more information, please visit www.salesforce.com/ventures.
UiPath has a vision to deliver A Robot for Every Person, one where companies enable every employee to use, create, and benefit from the transformative power of automation to liberate the boundless potential of people. Only UiPath offers an end-to-end platform for hyperautomation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to scale digital business operations at unprecedented speed. The company has already automated millions of repetitive tasks for over 65% of the Fortune 500 and 8 of the Fortune 10.
Named a 2020 CNBC Disruptor 50 company, UiPath was recognized as the fastest growing technology company in the Americas according to FT Americas’ Fastest Growing Companies 2020 and named the top company on Deloitte’s 2019 Technology Fast 500, a ranking of the fastest growing public and private technology companies in North America.