All Updates

All Updates

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Partnerships
Management news
Earnings/results
UiPath Q1 FY2025 update: Steady revenue growth; Daniel Dines appointed as new CEO
Workflow Automation Platforms
May 29, 2024
This week:
M&A
Funding
TravelPerk raises USD 135 million in debt funding for expansion; acquires AmTrav
Travel Tech
Yesterday
Product updates
Apple announces Apple Pay Later shutdown
Buy Now, Pay Later
Jun 17, 2024
Management news
Velo3D appoints Brad Kreger as permanent CEO
Additive Manufacturing
Jun 17, 2024
Partnerships
Perplexity partners with SoftBank for AI search engine promotion in Japan
Generative AI Applications
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Product updates
Runway launches Gen-3 Alpha for generating video clips
Generative AI Applications
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Product updates
Adobe integrates Firefly into Acrobat with chat support across multiple documents in Acrobat AI Assistant
Generative AI Applications
Jun 17, 2024
Funding
Amplify Life raises USD 20 million in Series B to expand product suite
InsurTech: Personal Lines
Jun 17, 2024
Funding
Tinybird raises USD 30 million in Series B funding to improve real-time data analytics platform
Data Infrastructure & Analytics
Jun 17, 2024
Partnerships
The EVERY Company collaborates with Grupo Palacios to develop hen-less omelets
Plant-based Dairy & Egg
Jun 17, 2024
Partnerships
Believer Meats partners with AGWA to propel cultivated meat industry in MENA region
Cell-cultured Meat
Jun 17, 2024
Workflow Automation Platforms

Workflow Automation Platforms

May 29, 2024

UiPath Q1 FY2025 update: Steady revenue growth; Daniel Dines appointed as new CEO

Partnerships
Management news
Earnings/results

  • In Q1 FY2025 (ending April 30), UiPath reported a quarterly revenue of USD 335 million, a 16% increase over the previous year. Moreover, UiPath reported a total non-GAAP operating income of USD 50 million, compared to USD 48 million in Q1 of FY2024.

  • UiPath announced that Rob Enslin would be resigning as CEO. Daniel Dines, the company’s co-founder who currently serves as its chief innovation officer and executive chairman of the board, will be re-appointed as CEO in June. 

  • During the quarter, the company received Federal Risk and Authorization Management Program (FedRAMP®) authorization, which enables it to offer its solutions to US federal agencies, US state governments, and several international public sector organizations.

  • Moreover, UiPath also announced a partnership with Microsoft to integrate its GenAI assistant, Copilot for Microsoft 365, into its flagship automation platform. The integration will provide joint customers direct access to UiPath’s automation capabilities directly within Copilot for Microsoft 365, Teams, or their own Copilot-adjacent platforms.

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