UiPath is a 2020 CNBC Disruptor 50 company

In the eighth annual Disruptor 50 list, CNBC identifies private companies whose breakthroughs are influencing business and market competition at an accelerated pace.

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 shopstudywork 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.

Read more here: 50. UiPath

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