UiPath founder Daniel Dines on the cover of Forbes magazine as the richest Romanian

Romanian coder Daniel Dines, founder and CEO of UiPath, is on the cover of the prestigious U.S. magazine Forbes, which assigns him a comprehensive feature and names him as the richest Romanian and the first Bot Billionaire.

Dines is currently owning over 20% of UiPath, an IT company assessed to USD 7 billion following the latest investments injected by the financiers. Forbes estimates that Dines’ wealth would mount to at least USD 1.4 billion, thus outranking Ion Tiriac, whose fortune is estimated at USD 1.1 bln, according to the latest Forbes ranking of the richest people in the world.

“Dines, 47, didn’t invent RPA, but he’s adroitly positioned himself to dominate it. Two years ago, when European investors valued it at $110 million, UiPath was a little-known company of 150 based in Romania that had just booked less than $5 million in revenue. Today it’s headquartered in a gleaming skyscraper on Park Avenue in Manhattan and employs 3,200 in more than 30 offices around the world. It generated $155 million in revenue last year and expects to double that this year,” says the Forbes article.

UiPath unicorn has inaugurated the „Immersion Lab” in Bucharest in March this year, a laboratory allowing customers to test various automation scenarios of the administrative processes and to see how the Robotic Process Automation (RPA) and artificial intelligence (AI) solutions are working.

In April, Daniel Dines donated EUR 1 million for the reconstruction of the Notre Dame Cathedral, devastated by fire.