In the 8th annual Disruptor 50 list, CNBC identifies private companies whose breakthroughs are influencing business and market competition at an accelerated pace. They are poised to emerge from the coronavirus pandemic with tech platforms that have the power to dominate.
The start-ups making the 2020 Disruptor list are at the epicenter of a world changing in previously unimaginable ways, turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech and agriculture into a new wave of billion-dollar businesses.
UiPath, the leading enterprise Robotic Process Automation (RPA) software company, announced here it has been named to the CNBC Disruptor 50, an annual list of forward-thinking and ambitious private companies in a range of industries, whose innovations are changing the world. This latest recognition comes on the heels of UiPath being named the fastest growing technology company in the Americas according to FT Americas’ Fastest Growing Companies 2020 and ranking as the number one fastest growing company in North America on Deloitte’s 2019 Technology Fast 500.
UiPath has become the most widely-adopted enterprise RPA platform, experiencing unparalleled growth among software companies. The company’s software enables the rapid design and deployment of software robots, otherwise known as digital workers, that perfectly emulate and execute repetitive processes, boosting business productivity, ensuring compliance, and enhancing customer service across both back-office and front-office operations. In February, UiPath announced it closed December 2019 with $360 million in Annual Recurring Revenue (ARR). In July 2018, the company announced that it had crossed $100 million in ARR.
With its ease of use, scalability, and open platform, UiPath is adding more than 10 new enterprise customers per day. Customers include Uber, Pandora, Equifax, HP, McDonald’s, the United States Department of Agriculture, and Virgin Media. The company is also committed to training, up-skilling and re-skilling all generations of workers. It has cultivated a thriving community of nearly 750,000 RPA developers worldwide, all of whom are benefiting from the company’s philosophy to democratize RPA by making its software easily available online and providing self-led, advanced training, and certification through the UiPath Academy. With its online education platform, the UiPath Academic Alliance, the company is also delivering curricula and fully functional, enterprise-level RPA software to nearly 400 institutions in 33 countries.
Daniel Dines, UiPath Co-founder and CEO, declared: “Automation is helping organizations become faster and more agile in the face of increased demand and rapidly changing environments, proving that if we work together we can adapt to extraordinary circumstances. By augmenting their workforces with software robots, business leaders around the world are rapidly accelerating the digital transformation of their entire business and freeing employees to spend time on more impactful work.”
Organizations around the world and across industries – including healthcare, insurance, government, retail, banking, and transportation – are using UiPath’s software robots to address the influx of demands brought on by COVID-19. From managing high volumes of testing results to supporting the increased need in call centers to preparing and enabling a remote workforce, UiPath customers are realizing the benefits of automating right now.
Here are the Top 10 CNBC Disruptors list:
A majority of the companies in the Top 50 are, in fact, already billion-dollar businesses:
– 36 disruptors this year are unicorns that have already reached or passed the $1 billion valuation mark
– 37 have hired new employees since the pandemic began,
– 19 have pivoted their products or launched new ones to meet the challenges of the pandemic.
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.
Full top 50 list, available here.
Photo: UiPath Facebook page