The 50 companies selected using the proprietary Disruptor 50 methodology have raised over $74 billion in venture capital, according to PitchBook, at an implied Disruptor 50 list market valuation of near-$277 billion. Technology is already a major part of our daily lives and the public markets, and that will only increase on the other side of Covid-19, from the future of food supply to health-care diagnostics and the way we shop, study, work and pay.
UiPath is a robotic process automation company. That means it uses artificial intelligence to build software robots that let companies automate back-office, repetitive and time-consuming tasks. The goal is to move humans away from this work and allow them to focus on things that bring more value to a company. Investors see great promise in this: UiPath has raised a whopping $977.2 million in funding from investors, including Coatue, Dragoneer, Sands Capital and Wellington, giving it a valuation of around $7 billion. The company claims to have annual revenues of about $360 million and more than 6,300 customers, including Amazon, Bank of America and Verizon. It says 50% of Fortune 20 companies are clients.