Business Economy

UiPath bets on India for talent, technology

UiPath, the Bucharest-based robotics process automation (RPA) firm that recently raised $568 million funding at a valuation of $7 billion, said it would design and develop some of its key products for global markets from India.

The company also has a mandate to train more than a million students and techies around the globe, including five lakh in India, for RPA-related jobs by 2022.

UiPath’s India president and CEO Raghunath Subramanian said the company would kick off a year-long campaign to train half a million students in the country on RPA-related technologies.

“Globally, there is a huge shortage of talent in the RPA space. India, with its large pool of student population, is at a vantage position to play a catalyst’s role in bridging the global talent gap. India has the potential to emerge as the RPA epicentre of the world. RPA is the next big opportunity for the technology industry,’’ said Mr. Subramanian.

UiPath’s compaign would be aimed at democratising RPA. The company said it would rope in various stakeholders, including government, academic institutions and industry bodies, including CII and the Nasscom.

Mr. Subramanian said, “The idea is to bring digital-era skills to over a million people. So that individuals, enterprises and governments can automate millions of repetitive, mind-numbing tasks and hence significantly improve productivity, customers experience and work satisfaction.’’

UiPath currently has eight offices in India and has plans to hire 1,200 more people here in the next 12-18 months. The company would also scale up its R&D activities in the country contributing significantly to its global RPA platforms like UiPath, UiPath Studio, UiPath Orchestrator, UiPath Robots.

“We continue to accelerate the product roadmap and India will play a key role,’’ he further added.

UiPath was founded by Romanian entrepreneurs, Daniel Dines, a mathematician who is currently the CEO of the company, and Marius Tirca. From a very modest beginning in 2005, the company witnessed a meteoric rise in its valuation in the last three years.

The company is backed by a bunch of funding firms like Accel, CapitalG, Credo Ventures, Earlybird’s Digital East Fund, IVP, Kleiner Perkins, Madrona Venture Group, Meritech Capital, Seedcamp and Sequoia.

Source: thehindu.com

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