UKRAINE – 2021/04/23: In this photo illustration, UiPath logo of a software company is seen on a … [+]
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Despite a choppy IPO market for growth tech companies, UiPath was able to pull off a successful offering. The company raised $1.3 billion and the shares have since logged a gain 29%. The market capitalization is roughly $37 billion.
“UiPath led the way in spearheading the Robotic Process Automation (RPA) industry with their public offering,” said Muddu Sudhakar, who is the CEO and founder of Aisera. “Everyone is a winner as a result: vendors, the industry and users.”
Yet UiPath’s journey to its IPO was a slog. The founder and CEO, Daniel Dines, spent about ten years bootstrapping his fledgling organization. The company even came close to failing.
But in 2015, Dines made some big…