US-headquartered UiPath Inc, which specialises in providing software for robotic process automation (RPA) tools, was in the limelight recently when it closed a massive Series D funding round of $568 million at a valuation of $7 billion.
RPA firms of UiPath’s ilk are heavily in demand as more enterprises look to automate business processes as part of their digital transformation journey.
For its part, UiPath claims to have built the largest community of RPA users with more than 400,000 members across 200 countries.
Founded in Romania by Daniel Dines and Marius Tirca, UiPath expanded its global footprint two years ago to London, New York, Singapore, Tokyo and Bengaluru. As a result, its headcount has since quadrupled to more than 2,600 employees and the company underlined its India ambitions after its recent funding round.
In an interaction with TechCircle, UiPath’s India president and chief executive officer Raghunath Subramanian discussed the significance of RPA and why it is the future of digital enterprises. He also spoke about why India has emerged as a hub of RPA development and deployment.
“India is one of the few countries with engineering talent, domain talent and processing talent available at large,” said Subramanian.
He also addressed why Jarvis, the digital butler from the Iron Man films, acts as an inspiration for UiPath's products.