Error Title

This is a notice message, displayed at the top of the browser, informing the user of something useful.

or
Continue with LinkedIn
Recover my Password
Submit your Tekpon Account E-mail address and you will receive an email with instructions to reset your password.

UiPath – the story of the Romanian Unicorn

Ana Maria Stanciuc

Even though it looks like a pattern, it turned out that great ideas can fit in an apartment, and you don’t need a big team to build something great. The most successful businesses nowadays have a similar story behind like: “Once upon a time, there were a few people in a small apartment dreaming of building something that could help people and bring value to society.” We know it may sound cliché, but it is the absolute truth behind a successful company or product.

The company that inspired us to write this is UiPath – the Romanian unicorn that turned out to be of real value to society. UiPath is one of the businesses with a story built on trial and error, and the team behind it had made multiple errors on their way to success. Nobody will tell you what you are doing wrong in this industry but the market and its users.

When the market validates your product as a good one, from that point, the only road you go is to the top. And on top means you get to evaluate your company as much as you consider. Now the company was valued at $35 billion during a funding round earlier this year.

UiPath – RPA business

UiPath is a company that aims to help companies and their people automate their processes with the help of different products. They’ve wanted to free people to automate their repetitive tasks by using AI and let them focus on the essential things. Moreover, at a business level, they want to build the best RPA software on the market. And when the product is good, and people validate it and consume it, what’s coming next is only natural.

The element that makes this company even more remarkable is that it comes from a country with no entrepreneurship tradition. So, from a Romanian start-up that began with ten people in a flat, there is now a global path where people and companies worldwide can enjoy their products.

Like a larva that metamorphoses into a butterfly, UiPath now has big dreams, like every human, to have a robot doing the grunt work. And these are not only some metaphors that explain what a company does but a true story about how some people can dream big and add value to the society they live in.

The first Romanian Unicorn listed on Wall Street

Yet the most exciting aspect is that they’ve made some history for Romania as the first company listed on Wall Street. After the first round of transactions, the UiPath value is $37,7 billion, meaning people are interested in its products. This pandemic has changed how people consume technology and software products, and the digital environment has suffered some changes during this time. This fact has increased interest in them.

As we are saying – helping others is our legacy – a successful business brings value to society and gives something back. A good product validated by the market and people’s needs will sell on its own. But for all this, you don’t need just money and investors; you need people, a good team, and a better leader who will accept failures as success. And probably this was the secret of the Romanian unicorn – UiPath.

Authors

Ana Maria Stanciuc

Writer

Ana Maria Stanciuc

Head of Content & Editor-in-Chief @ Tekpon

Creative Content Chief

Ana Maria Stanciuc is a highly skilled writer and content strategist with 10+ years of experience. She has experience in technical and creative writing across a variety of industries. She also has a background in journalism.

This website uses cookies

Cookies are small text files that can be used by websites to make a user’s experience more efficient.

The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This means that cookies which are categorized as necessary, are processed based on GDPR Art. 6 (1) (f). All other cookies, meaning those from the categories preferences and marketing, are processed based on GDPR Art. 6 (1) (a) GDPR.

You can at any time change or withdraw your consent from the Cookie Declaration on our website.

You can read more about all this at the following links.

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

These trackers help us to measure traffic and analyze your behavior to improve our service.

These trackers help us to deliver personalized ads or marketing content to you, and to measure their performance.