UiPath. When unknown IPOs crack $38B Market Caps.

Yes, a company you’ve probably never heard of made #IPO history this week. UiPath, an automation company that helps businesses automate repetitive tasks (think data entry, filling out forms, etc via AI-fueled #computervision), made its market debut and notched the 3rd largest US #software IPO in history, behind only Snowflake (No. 1) and Qualtrics (No. 2). By market’s close on Wednesday, the company’s market cap had settled at a hefty $35.8B. And with $580M in annual revenue (+65% YoY), margins of 89% (highest in software), and 7,968 customers (+32% YoY) this is a SERIOUS business. #wakeupimagine #AI #ML #automation #futureofwork #artificialintelligence #capitalmarkets

https://www.cnbc.com/2021/04/21/uipath-rises-17percent-in-nyse-debut-after-one-of-top-software-ipos-ever.html?__source=sharebar|linkedin&par=sharebar

Posted on April 28, 2021 in Artificial Intelligence, Innovation, Intelligent Automation, Technology, Trends

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About the Author

Michael Chase - a true hybrid – part strategist, part data monkey, part creative director, part global growth hacker (when you're doing bic pen tracheotomies you still have to think of EBITDA) and through and through an innovator.

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