UiPath Bundle
Who owns UiPath?
Understanding a company's ownership is key to its strategy and accountability. An IPO dramatically changes this, broadening ownership and introducing new dynamics. UiPath, a leader in robotic process automation (RPA), illustrates this shift.
Founded in 2005 in Bucharest, Romania, by Daniel Dines and Marius Tîrcă, UiPath has become a major force in automation and AI software. Its IPO in April 2021 significantly reshaped its ownership structure.
Who owns UiPath Company?
Following its Initial Public Offering (IPO) on April 21, 2021, UiPath's ownership structure transformed. The company, which went public on the New York Stock Exchange (NYSE) under the ticker symbol 'PATH,' saw its valuation reach $29 billion at the time of its IPO. As of January 31, 2025, UiPath reported revenue of $1.43 billion. The founders, Daniel Dines and Marius Tîrcă, who started the company in 2005, continue to hold significant stakes. Major institutional investors, including investment management firms and venture capital funds, also possess substantial ownership. The remaining ownership is distributed among public shareholders who acquired shares through the stock market. This diverse ownership base influences the company's strategic direction and operational decisions, impacting areas like product development, including its UiPath BCG Matrix analysis.
Who Founded UiPath?
UiPath's journey began in 2005 as DeskOver in Bucharest, Romania, founded by Daniel Dines and Marius Tîrcă. Dines, a former Microsoft executive, partnered with Tîrcă, whom he hired and later recognized as a co-founder and CTO. Initially focused on tech outsourcing, the company evolved to develop toolkits for developers before its rebranding to UiPath in 2015.
Daniel Dines and Marius Tîrcă are the co-founders of UiPath. They established the company in Romania, initially focusing on tech outsourcing before shifting to robotic process automation tools.
The company started as DeskOver in 2005, with Dines and Tîrcă laying the foundation. Their early work involved creating toolkits for developers, a precursor to the automation solutions they would later pioneer.
In 2015, DeskOver rebranded to UiPath, marking a significant step in its growth trajectory. This period also saw the company secure its first major seed funding, enabling international expansion.
The initial seed funding from Accel Partners and other early investors was crucial. It provided the capital necessary for UiPath to establish new offices and expand its global presence.
Daniel Dines, as co-founder and CEO, has consistently held a substantial ownership stake. This control is further amplified through his sole voting and investment authority over shares held by entities he wholly controls.
Following its IPO on April 21, 2021, Daniel Dines held approximately 109.5 million shares across Class A and Class B. At the IPO price, this stake was valued at around $6.1 billion, underscoring his significant position in the company's ownership structure.
The early ownership structure of UiPath was primarily shaped by its founders, Daniel Dines and Marius Tîrcă. While specific equity splits at the company's inception in 2005 are not publicly disclosed, the trajectory of UiPath's growth and its subsequent public offering highlight the founders' substantial influence. The company's transition from a tech outsourcing firm to a leader in robotic process automation is detailed in its Brief History of UiPath. Post-IPO, Daniel Dines emerged as the largest individual shareholder, with his ownership further consolidated through holding companies, indicating a strong founder-led governance model.
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How Has UiPath’s Ownership Changed Over Time?
UiPath's ownership landscape underwent a significant transformation with its Initial Public Offering (IPO) on April 21, 2021. This event marked a pivotal moment, transitioning the company from private to public ownership and making its shares available to a broader investor base.
| Shareholder Type | Percentage of Ownership (as of April 14, 2025) | Key Holders |
|---|---|---|
| Institutional Investors | 57% | Vanguard Group Inc., Bank of America Corp./DE/, BlackRock, Inc., AQR Capital Management LLC |
| Top 13 Shareholders (Combined) | 51% | |
| Insiders (including Founders) | Daniel Dines, Philippe Botteri, Rich Wong | |
| Retail Shareholders |
Following its IPO, UiPath's ownership structure is now primarily characterized by a significant presence of institutional investors, alongside substantial holdings by company insiders, including its founders. This distribution influences the company's strategic direction and market valuation.
UiPath's journey to public trading has solidified its ownership structure, with institutional investors playing a dominant role. Understanding these stakeholders is key to grasping the company's market dynamics.
- Institutional investors collectively hold 57% of UiPath's shares as of April 14, 2025.
- The top 13 shareholders, a mix of institutions and insiders, control 51% of the company's stock.
- Daniel Dines, the CEO and co-founder, remains a significant owner, holding 20% of shares outstanding as of April 14, 2025.
- Venture capital firms like Accel, represented by Philippe Botteri and Rich Wong, are also notable insider shareholders, each holding substantial stakes.
- AQR Capital Management LLC notably increased its position by over 45% in Q4 2024.
- As of July 30, 2025, Daniel Dines directly held 24,918,585 shares and indirectly held 4,608,376 shares.
- The company's IPO in April 2021 priced shares at $56.00, raising $1.34 billion.
- The ownership structure reflects the transition from private venture capital backing to public market investment, impacting the Competitors Landscape of UiPath.
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Who Sits on UiPath’s Board?
The current Board of Directors at UiPath is comprised of eight elected members serving until the 2026 annual meeting. Daniel Dines holds the positions of Chairman and CEO. S. Somasegar joined the Board effective September 5, 2024.
| Director | Role | Appointed |
|---|---|---|
| Daniel Dines | Chairman and CEO | |
| Philippe Botteri | Director | |
| Michael Gordon | Director | |
| Sivaramakichenane Somasegar | Director | September 5, 2024 |
| Daniel Springer | Director | |
| Karenann Terrell | Director | |
| Richard P. Wong | Director | |
| June Yang | Director |
UiPath utilizes a dual-class common stock structure, which significantly centralizes voting power with Daniel Dines and his affiliated entities. Dines possesses 100% of the outstanding Class B common stock, granting him ultimate control over key stockholder decisions, including director elections and major corporate actions like mergers. This arrangement ensures Dines maintains sole voting and investment authority over the Class A and Class B common stock held by Ice Vulcan Holding Limited. The Class B shares are designed to convert into Class A shares under specific conditions, such as sale or transfer, a reduction in Class B shares below 20% of the IPO amount, or following Dines' death or incapacitation. During the June 30, 2025, annual meeting, approximately 94.53% of the company's total voting power was represented, with all eight director nominees receiving shareholder approval.
The ownership structure of UiPath is heavily influenced by its dual-class stock system. This structure is key to understanding who controls the company's direction.
- Daniel Dines holds significant voting power through Class B shares.
- Class B shares convert to Class A under specific circumstances.
- The dual-class structure impacts UiPath stock ownership.
- This system is crucial for understanding UiPath company owner dynamics.
- Learn more about the Revenue Streams & Business Model of UiPath.
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What Recent Changes Have Shaped UiPath’s Ownership Landscape?
UiPath's ownership landscape has seen dynamic shifts in recent years, reflecting its strategic growth and market positioning. The company's commitment to shareholder value is evident through significant stock repurchase programs, alongside notable insider transactions that offer insights into executive confidence and holdings.
| Date | Action | Shares | Average Price | Total Value |
|---|---|---|---|---|
| Feb 1, 2024 - Apr 30, 2024 | Share Repurchase | 938,000 | $23.46 | $21,985,480 |
| May 2025 | CFO Share Sale | ~99,000 | N/A | N/A |
| Jul 30, 2025 | CEO Share Sale | 45,000 | $12.00 - $12.16 | $542,776 |
Institutional investors now hold a significant portion of UiPath's shares, indicating growing confidence from major financial entities. This trend is complemented by the company's consistent financial performance, with revenue and ARR showing positive year-over-year growth, and a narrowing net loss, as detailed in its recent fiscal reports. These developments underscore the evolving UiPath ownership structure and its market trajectory.
As of April 14, 2025, institutions collectively owned 57% of UiPath's shares. This signifies a substantial increase in institutional backing for the company.
UiPath announced a $500 million expansion of its stock repurchase program in September 2024. This move, bringing the total buyback authorization to $554 million, demonstrates a commitment to enhancing shareholder returns.
Recent insider transactions, such as the CEO's sale of 45,000 shares on July 30, 2025, provide a snapshot of executive holdings. Despite these sales, key executives maintain substantial ownership stakes.
For Q1 fiscal year 2026, UiPath reported revenue of $356.62 million, up from $335.11 million year-over-year. The company's full-year fiscal 2025 revenue reached $1.430 billion, with an ARR of $1.666 billion as of January 31, 2025.
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