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A $7 Billion Robot to Automate Boring Tasks Eyes an IPO

  • CEO of automation firm UiPath sees bourse debut approaching
  • Helping hospitals process virus backlogs among potential uses
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Photographer: Mihnea Volocaru/UiPath

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UiPath, a software maker valued last year at $7 billion, is getting closer to an initial public offering after helping some of the biggest companies in the U.S. automate routine processes.

Armed with last year’s $568 million funding round that gave the New York-based company its multi-billion dollar valuation, co-founder and Chief Executive Officer Daniel Dines sees more growth on the cards. The bourse entry may take place as soon as early next year, depending on market conditions and strategic decisions.

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