UiPath
Company History
UiPath History: Founding, Growth & Key Milestones
Founded 2005 in Bucharest, Romania
When was UiPath founded?
UiPath was founded in 2005 in Bucharest, Romania by Daniel Dines and Marius Tîrcă, making it 21 years old.
- Founded
- 2005
- Founding place
- Bucharest, Romania
- Founders
- Daniel Dines and Marius Tîrcă
- Headquarters today
- New York, NY, USA
- Milestones documented
- 10 (2005–2026)
- Current CEO
- Daniel Dines
- Acquisitions
- 4
| Year | Event |
|---|---|
| 2005 | DeskOver founded in Bucharest by Daniel Dines and Marius Tîrcă. |
| 2015 | Company renamed UiPath after refocusing on robotic process automation. |
| 2017 | Series A Funding |
| 2018 | Unicorn Valuation |
| 2019 | Acquired ProcessGold |
| 2021 | UiPath lists on the New York Stock Exchange as PATH. |
| 2022 | Acquired Re:infer |
| 2024 | Daniel Dines returns as sole CEO after Rob Enslin steps down. |
| 2025 | UiPath acquires Peak, an AI company based in Manchester, UK. |
| 2026 | UiPath acquires WorkFusion and reports its first profitable fiscal year. |
- Where was UiPath founded?
- UiPath was founded in Bucharest, Romania in 2005. wikidata.org
- Who founded UiPath?
- UiPath was founded by Daniel Dines and Marius Tîrcă.
- When did UiPath start?
- UiPath was founded in 2005.
- How old is UiPath?
- UiPath is 21 years old as of 2026.
Founding Story
Daniel Dines and Marius Tîrcă started the business in Bucharest in 2005 under the name DeskOver. For several years it sold automation and screen-scraping libraries to other software developers. Around 2013 the founders saw that outsourcing customers were using those libraries to automate repetitive desktop work, and they refocused the company on robotic process automation. The company renamed itself UiPath in 2015, raised venture funding from investors including Accel, CapitalG and Sequoia, moved its headquarters to New York, and listed on the New York Stock Exchange in April 2021.
Founders
Daniel Dines
Daniel Dines is a Romanian software engineer who co-founded the company that became UiPath in Bucharest in 2005. He led the shift from developer libraries to robotic process automation, took the company public on the NYSE in April 2021, and returned as sole CEO in June 2024 after a period as co-CEO and Chief Innovation Officer. Daniel Dines was born in 1972 in Onești. Daniel Solomon Dines was born in January 1972 and is Romanian.
Marius Tîrcă
Marius Tîrcă co-founded UiPath in 2005 alongside Daniel Dines. As the absolutely critical technical genius behind the platform, he spent nearly a decade in obscurity building the highly robust, deeply complex screen-scraping and computer vision algorithms that eventually formed the core of UiPath's massive robotic automation software. (Exact birth year remains publicly undisclosed).
Key Milestones
DeskOver founded in Bucharest by Daniel Dines and Marius Tîrcă.
Source: en.wikipedia.orgCompany renamed UiPath after refocusing on robotic process automation.
Source: en.wikipedia.orgSeries A Funding
UiPath raised $30 million in a Series A round led by Accel in 2017.
Source: en.wikipedia.orgUnicorn Valuation
UiPath raised $153 million in March 2018 at a valuation of about $1.1 billion.
Source: en.wikipedia.orgUiPath lists on the New York Stock Exchange as PATH.
Source: en.wikipedia.orgDaniel Dines returns as sole CEO after Rob Enslin steps down.
Source: ir.uipath.comUiPath acquires Peak, an AI company based in Manchester, UK.
Source: uipath.comUiPath acquires WorkFusion and reports its first profitable fiscal year.
Source: ir.uipath.comMajor Acquisitions
ProcessGold
2019Added process mining software that reconstructs business processes from system event logs.
Re:infer
2022Added natural language processing for emails, messages and other unstructured communications.
Peak
2025Acquired the Manchester, UK AI company in March 2025 to offer vertically specialized agents, starting with pricing and inventory decisions for retail and manufacturing.
WorkFusion
2026Acquired a provider of AI agents for financial crime compliance work such as anti-money laundering and know-your-customer reviews.
Keep researching UiPath
UiPath Company History FAQ
When, where, and by whom was UiPath founded?
UiPath was founded in 2005 in a modest apartment in Bucharest, Romania, by Romanian software engineers Daniel Dines and Marius Tîrcă under the original name DeskOver.
What did the company build during its first eight years as DeskOver?
From 2005 to 2013, DeskOver was an outsourced software and SDK component company, developing screen-scraping, optical character recognition, and desktop automation libraries sold to software developers worldwide.
How did the founders discover Robotic Process Automation (RPA) in 2013?
In 2013, an Indian business process outsourcing (BPO) customer revealed they were using DeskOver's automation libraries to build software "robots" that automated repetitive data-entry across back-office systems, sparking the founders' pivot to dedicated enterprise RPA.
When did the company rebrand from DeskOver to UiPath?
In 2015, the founders officially renamed the company UiPath, secured a $1.6 million seed round led by Earlybird Venture Capital and Credo Ventures, and launched its first dedicated enterprise RPA platform.
How did Accel Partners propel UiPath's global hypergrowth in 2017?
In April 2017, Accel led a $30 million Series A round valuing UiPath at $110 million. UiPath relocated its global headquarters to New York City, rapidly opening offices across London, Tokyo, Paris, and Singapore.
What was the significance of UiPath's April 2021 NYSE IPO?
UiPath debuted on the New York Stock Exchange (NYSE: PATH) on April 21, 2021, pricing at $56 per share and raising $1.34 billion at a peak valuation of $29 billion, marking one of the largest software IPOs in US market history.
Who was Rob Enslin and what was his tenure as co-CEO?
Former SAP and Google Cloud executive Rob Enslin joined as co-CEO in April 2022 (and later sole CEO) to scale enterprise sales, before stepping down in May 2024 as the board sought founder Daniel Dines' direct technical leadership for the AI era.
When did Daniel Dines return as sole Chief Executive Officer?
Daniel Dines, who had transitioned to Executive Chairman and Chief Innovation Officer in January 2024, returned as sole CEO on June 1, 2024, to aggressively refocus UiPath on Agentic AI and operational discipline.
When did UiPath achieve its first full year of GAAP net profitability?
In fiscal year 2026 (ended January 31, 2026), UiPath achieved its historic first full year of GAAP net profitability, generating $1.611 billion in revenue and $282.3 million in net income.
What is UiPath Autopilot and when was it introduced?
Introduced in late 2023 and expanded across 2024–2025, UiPath Autopilot integrates generative AI and large language models (LLMs) into the platform, allowing business users to generate complex automations using simple natural language prompts.
How did UiPath pioneer the Eastern European tech ecosystem?
UiPath became Romania's first tech unicorn and global decacorn, proving that world-class enterprise software companies could be engineered in Central and Eastern Europe and catalyzing hundreds of millions in regional tech investments.
What is UiPath's operational scale today?
UiPath manages an Annualized Renewal Run-rate (ARR) approaching $2 billion ($1.938B in FY2026), employs nearly 3,900 people globally, and serves over 10,000 enterprise customers, including more than half of the Fortune 500.
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