By Tom Taulli, IRPA AI & Forbes.com Contributor
Last month, UiPath announced another mega round of funding. This time it was for $225 million at a $10.2 billion valuation. Alkeon Capital Management led the round and there was participation from Accel, Coatue, Sequoia Capital, Tencent, Tiger Global, Wellington, T. Rowe Price Associates.
In the RPA (Robotic Process Automation) world, UiPath is one of the leaders, possibly now the #1. Consider that the ARR (Annual Recurring Revenue) is at over $400 million.
But the success was far from guaranteed.
The company’s co-founders -- Daniel Dines and Marius Tirca – initially focused on providing integration services [...]