Item 1. Business
Item 1. Business
Overview
First established in a Bucharest, Romania apartment in 2005, UiPath was incorporated in Delaware in 2015 as a company principally focused on building and managing automations, starting with computer vision technology and user interface automations in our initial RPA offering, which remains the foundation of our platform today. Over the course of the past several years, we have followed a strategy of leveraging advances in AI to broaden our automation capabilities and have expanded, through both internal product development and strategic acquisitions, from RPA as a tool to automation as a platform.
Our end-to-end, integrated technology, The UiPath Platform™, allows customers to integrate AI with automation, enabling automation to take action based on learning and experience. It enables employees to quickly build automations for both existing and new processes and to automate a vast array of actions including, but not limited to, logging into applications, extracting information from documents, moving folders, filling in forms, reading emails, and updating information fields and databases. The ability of our platform to replicate steps performed by humans in executing business processes drives operational efficiencies and enables companies to deliver on key digital initiatives with greater speed, agility, and accuracy.
AI-powered automation is here, and its momentum is continuing to grow as organizations around the world begin to understand the combined power of automation and AI to drive efficiency and accelerate business outcomes. The UiPath Platform™ continues to shape the future of work as we evolve into an AI-native platform, where agentic AI is combined with RPA to not only help our customers automate workflows, but also to orchestrate and transform end-to-end business processes.
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Trends Shaping Our Industry
The following are key industry trends affecting our business outlook and product strategy:
A fragmented application landscape complicates business processes and hinders digital transformation. Businesses worldwide have spent billions of dollars on software in an attempt to drive efficiency and competitive advantages. A proliferation of applications has resulted in a shift from traditional software suites to specialized point solutions. Enterprises have transitioned from managing a handful of multi-purpose, largely on-premises applications to managing hundreds or thousands of point solutions deployed across on-premises, cloud, and hybrid environments. These applications, which were generally not designed for interoperability, run in tandem with legacy technologies, relying on humans to act as the connective tissue in the performance of business processes. As a result, employees lose valuable time navigating a fragmented application landscape and attention is diverted away from more cognitive activities that could directly improve business outcomes.
Advancements in AI are enabling automation of sophisticated business processes and broader use cases.
While RPA can easily capture data and manipulate applications like a person would, automation of certain more complex and cognitive tasks has historically been out of reach. The evolution of AI, which refers to the capability of computer systems or algorithms to emulate intelligent human behavior, has now enabled the automation of processes with characteristics—such as high variability, inherent uncertainty, and unstructured data—that would have been impossible to automate with RPA alone. AI expands capabilities by enabling automations to learn how to read, write, listen, recognize patterns, and make complex decisions, bringing automation to a new level by opening a world of new opportunities for business growth, cost reduction, and improved productivity.
Low-code and no-code automation is enhanced by new AI capabilities.
Low-code and no-code development platforms have been greatly enhanced with the evolution of AI—including large language models, generative AI, and agentic AI. In addition, many enterprise software companies have introduced AI-powered assistants into their products. Users can simply describe their automation needs in plain language, and the assistant can automate a range of repetitive tasks and simple workflows. These advancements are transforming the way that automations are created and broadening the accessibility and footprint of automation across the enterprise.
AI-rich environments call for heightened security and governance. Security and governance of AI, particularly generative and agentic AI, are key concerns of IT professionals. Enterprises must monitor the actions and decisions of AI agents to ensure that AI-generated outputs can be trusted to be accurate and non-hallucinatory. Further, security concerns around use of AI have increased as cyberattacks have grown in frequency and sophistication, intensifying the need for organizations to ensure that their sensitive data will not be compromised by AI agents and large language models.
Competition
The market for automation remains a fast-growing enterprise software market and is increasingly competitive. The recent introduction of AI agents has created a flurry of investment among established software companies and startups. We believe that our competitors primarily fall into the following categories:
• Enterprise platform vendors that are acquiring, building, or investing in automation and AI functionality or partnering with automation and AI providers.
• Traditional enterprise software companies that are enhancing their offerings with investment in new AI agents.
• AI model research organizations and incubators that seek to build on their models with new capabilities for directly augmenting and assisting human workers.
• AI startups focused on process orchestration and intelligence.
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• RPA software providers and adjacent automation and integration platform companies in markets such as low-code, BPM , iPaaS , process mining, IDP , and test automation that provide additional features that can be useful for automations.
We have alliances and integrations with key vendors across much of the competitive landscape, but these vendors often develop and market their own automation capabilities as extensions of their core models or platforms.
A number of technology companies have attempted to address the AI and automation needs of organizations through the application of BPM, application development platform offerings, RPA tools, and AI point offerings, as well as other horizontal software applications. However, when conducting common enterprise workflows and business-critical processes, these existing offerings are challenged by a number of inherent limitations, including:
• immature UI and API automation capabilities;
• lack of proprietary AI models relevant to company-specific and complex document or image automation;
• lack of integration and compatibility with the broad and diverse tools and systems typical in more complex workflows; and
• lack of governance capabilities at scale, including mature and proven credential management and security.
What We Offer
Our platform is purpose-built to be responsive to these challenges and to advance the next generation of automation with several key strengths:
• We deliver scalable, reliable, and secure software robots that emulate human actions with precision and speed, empowering organizations to automate repetitive tasks.
• Our platform’s embedded AI, ML , and NLP capabilities improve decisioning and information processing by adapting to constantly changing variables.
• Our platform allows users to seamlessly design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.
• Our multi-tenant platform is built for enterprise deployment, with security and governance at its core, and can be deployed on-premises, in a public or private cloud, or in a hybrid environment. In addition, we offer a managed, multi-tenant SaaS version called Automation Cloud™, which allows rapid automation without infrastructure overhead.
• Our intuitive interface and low-code, drag-and-drop functionality empowers users of all technical levels to build and deploy complex automations quickly, using customizable and sharable components as modular building blocks.
• Our platform provides users with AI-powered automated testing for their applications, allowing them to streamline development and find and fix issues before they impact production systems.
• Our platform's process mining capabilities analyze the digital footprint of users' processes across all systems to identify the root causes and impact of inefficiencies and shorten the timeline between process analysis and automation deployment.
• Our platform tracks, measures, and forecasts automation performance, providing actionable metrics and predictive insights to continuously optimize business processes and maximize return on investment.
• Our platform was designed to enable people and automations to work together intelligently, with each focusing on the processes they execute best, to enhance productivity and improve business outcomes.
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The UiPath Platform ™
The UiPath Platform™ unites AI with enterprise automation, turning AI's promise into real-world impact. It provides our customers with a robust set of capabilities that allow them to discover opportunities for automation, automate using a digital workforce that seamlessly collaborates with humans, and operate a mission critical automation program at scale.
Discover
Identify the highest-ROI opportunities for continuous process optimization and automation using the power of AI
Process mining uses data from business applications to give organizations a detailed understanding of their business processes and how to automate and improve them.
Task mining provides an objective, data-driven picture of employees' desktop activities without disrupting ongoing work, allowing organizations to identify process improvement areas or automation candidates.
Communications mining lets users mine, monitor, and automate service conversations, finding the value in these communications to unlock insights and improve the experience of their customers.
Idea capture and management enables organizations to centrally capture and manage automation ideas and process improvements and to prioritize them based on KPIs.
Automate
Rapidly build AI-powered automation that seamlessly collaborates with people and systems to transform every facet of work
UI and API automation are combined for maximum scale and speed across the broadest range of apps and systems, building automations that "see" components of dynamic interfaces with the power of AI.
Low-code development empowers employees to build business apps and automations rapidly with low-code, visual tools, making automation—and innovation—available to everyone.
Generative AI and experiences expand automation's impact and address a broader range of business challenges, stretching the limits of what's possible.
IDP and specialized AI remove the work from paperwork with semantic understanding of a wide range of documents—accurately and quickly.
Process orchestration automates cross-functional business processes and allows seamless collaboration between software robots and humans.
Operate
Establish an enterprise-grade foundation to run and optimize a mission-critical automation program at high scale
Real-time and trend analytics provide context for data-driven automation decision-making and strategy.
Continuous testing delivers low- and no-code and coded automated testing across the entire testing lifecycle, with AI-powered features to boost efficiency.
Unified management and governance allow organizations to monitor the integrated platform and their automation programs centrally, enabling them to scale quickly—and responsibly.
Cloud-first flexibility offers AI-powered enterprise-ready automation instantly with SaaS, or allows organizations to self-host for data isolation or regulatory compliance needs.
In October 2024, at our Forward VII user conference, we announced our commitment to lead in agentic automation by adding core agentic AI capabilities to our existing enterprise automation platform. Our intention is to create the world's first integrated platform for agentic automation. As the UiPath Platform™ continues to evolve into an increasingly sophisticated AI-native platform, our new agentic capabilities (now in preview) will work in concert with our proven RPA capabilities to not only help our customers automate business processes, but also to build true end-to-end agentic workflows.
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Our Growth Strategies
Agentic automation leadership— In addition to RPA, we are focused on targeting a new adjacent market—agentic automation— built around delivering on the benefits of agentic AI across enterprise workflows. Our approach is to drive continued awareness of the new agentic automation market, facilitate collaboration and research with influential industry analysts, engage with and showcase customers realizing early business outcomes from agentic automation, and join forces with partners that are aligned with this emerging market opportunity.
Customer acquisition and expansion— We sell our platform through a direct sales team, supported by a team of pre-sales engineers and our professional services organization, who offer technical expertise to help customers accelerate adoption and time-to-value. We also sell through channel partnerships, as well as with systems integrators, and are focused on maintaining and growing a high-quality ecosystem of partners that build, train, and certify skills on our technology as well as those that deploy our technology on behalf of their customers.
We sell to organizations of all sizes across a broad range of industries and geographies, with a focus on enterprise customers. In certain geographies, we maintain specialized teams that concentrate on specific verticals such as financial services, healthcare, manufacturing, and public sector. We've designed our go-to-market engine to divide our customer base according to propensity to invest in automation, and we strive to align our coverage model accordingly:
• Enterprise— We dedicate a higher density of resources and coverage to Forbes Global 2000 companies with the highest propensity to invest in and potential to adopt automation at scale. We believe these accounts represent our largest growth opportunity. Here we focus on selling positive business outcomes that resonate with C-level executives and leverage our largest partners for customer enablement. Dense coverage ratios and industry alignment of sales teams allow us to accelerate both new customer acquisition and usage expansion.
• Corporate and Mid-Market— For corporate and mid-market accounts, which are in the earlier stages of their automation journey, we use both direct marketing and a partner-led approach, where we provide resources to support our partners. With our new agentic automation initiatives, we expect to see a rise in inbound activities through our trial and sandbox digital marketing efforts.
• Small and Mid-Sized Business— We seek to sell to the smallest companies primarily through our most efficient partner-led, self-service, and digital channels, focusing on low-cost, durable customer acquisition. In addition, we are developing opportunities for product-led growth, which will enable us to speak to users within the product to organically nurture adoption and sell additional capabilities.
Our sales efforts are complemented by our marketing initiatives, which build brand and category awareness, cultivate a large and growing community, and drive demand through a combination of global and local campaigns. We employ a variety of approaches to reach prospective customers, including community evangelism, in-person and digital events, content marketing, digital advertising, search optimization, partner marketing, social media, and public relations. We host and present regularly at regional and global events, including our own Forward and On Tour conferences, and Summit and DevCon events.
Our customers see rapid time-to-value with our products, often expanding use cases and increasing their number of automations beyond their initial deployment. We expect that our new agentic automation capabilities will follow a similar trend, enabling us to expand sales within organizations as customers automate more complex workflows that require decision-making and benefit from a higher degree of agency. The broad applicability of our platform enables us to sell across all levels and departments of an organization, affording opportunity for eventual graduation to larger platform sales.
Platform investment and innovation— We intend to deliver functionalities that increase the surface area of automation for our customers through the addition of agentic AI capabilities throughout the UiPath Platform™. To this end, we have made and plan to continue to make significant investments in research and development to enhance our technology. For example, in November 2024, we released version 24.10 of the UiPath Platform™. Notably, this release introduces Autopilot for Everyone, which provides a conversational assistant for creating and interacting with automations, and Clipboard AI, which acts as an intelligent copy-paste assistant, transferring data between documents, spreadsheets, and applications. In December 2024, we released a private preview of our new Agent Builder product, which allows users to craft AI agents that can think and work by themselves, and in March
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2025, our Agentic Orchestration product, which integrates AI agents, robots, and people into complex, multisystem processes, was made available for public preview.
Strategic Acquisitions— We have acquired businesses and technologies to drive platform and market expansion. For example, in July 2022, we acquired Re:infer , a provider of NLP software focused on unstructured documents and communications, laying the foundation for our Communications Mining technology, which has been a fitting complement to our existing IDP capabilities. In March 2025, we acquired Peak AI Limited, a U.K.-based software company offering an AI platform that provides pricing and inventory intelligence to customers in manufacturing and retail. We expect to continue to evaluate acquisition opportunities that we believe are complementary to our platform.
Community Engagement— We have cultivated a dynamic ecosystem of users through our Community, UiPath Academy, and Academic Alliance initiatives, which support and empower individuals to use our platform to navigate the evolving landscape of automation and AI. Our annual UiPath Community Most Valuable Professional award program recognizes global UiPath Community members for their outstanding contribution, innovation, and evangelism and provides us with a source of continuous user feedback and foresight. Additionally, to make automation more accessible, we offer free access via our Community Edition and Enterprise Trial, both available online. (Community Edition is a limited version of our platform that is offered for free to small businesses, university students, and individuals, whereas Enterprise Trial provides full functionality for a limited time.)
We believe that our highly engaged user community sets us apart and that by equipping individuals with the skills to leverage AI-powered automation, we are paving the way for broader adoption and innovation across industries. The result is a global network of automation professionals who are not only building and sharing automations, but also transforming the way work gets done.
Customers
We have a large and diversified customer base across a broad range of industry sectors.
We determine our customer count by considering the number of accounts with a unique account identifier for which we have an active license or SaaS subscription in the period indicated, including entities to which we have sold our products either directly or indirectly (for example, through a channel partner). A single organization with multiple divisions, segments, or subsidiaries is counted as a single customer. Our customer count is subject to adjustment for acquisitions, consolidations, spin-offs, and other market activity. Non-paying partners and resellers and users of free or trial subscriptions are excluded from our customer count.
We had approximately 10,753 and approximately 10,830 customers as of January 31, 2025 and 2024, respectively.
Partners
We develop and maintain business and technology partnerships that help us to integrate the latest technology into our platform and to market and deliver our platform to our customers around the world.
Our business partners include global and regional system integrators, value-added resellers, and business consultants that enhance our market presence and drive greater sales efficiencies.
Our technology partners bring specialized capabilities to our platform. We collaborate to develop solutions that address the specific requirements of horizontal and industry use cases, resulting in faster time-to-value for customers. With technology partners, hyperscalers, and AI partners, we strategically engage across product and development, marketing, and go-to-market functions. We work toward interoperability and native extensibility to ensure both first- and third-party agents, robots, and humans are seamlessly orchestrated by the UiPath Platform™ across enterprise systems, applications, and data.
Additionally, we maintain partnerships with leading cloud vendors, such as Amazon Web Services Inc., Google Inc., and Microsoft Corporation, to both simplify the deployment of our platform and to extend our platform to offer customers the benefits of cloud-based AI capabilities.
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Intellectual Property
Intellectual property rights are important to the success of our business. We rely on a combination of patent, copyright, trademark, and trade secret laws in the U.S. and other jurisdictions, as well as license agreements, confidentiality procedures, non-disclosure agreements with third parties, and other contractual protections, to protect our intellectual property rights, including our proprietary technology, software, know-how, and brand.
We continually review our development efforts to assess and identify the existence and patentability of new intellectual property, and maintain an active patent program that has enabled us to steadily build our patent portfolio over the past several fiscal years, as illustrated in the following chart:
As of January 31, 2025, we held 262 issued patents which are scheduled to expire between 2039 and 2045. As of January 31, 2025, we also had 152 pending patent applications in the U.S. (including 14 allowed U.S. patent applications), 124 pending Patent Cooperation Treaty applications, and 303 pending and 23 allowed patent applications in other jurisdictions. Our patent portfolio is aligned to and supports the UiPath Platform ™ as follows:
Discover Automate Operate
includes 99 AI assets
includes 228 AI assets
includes 24 AI assets
The terms of individual patents extend for varying periods of time, depending upon the date of filing of the patent application, the date of patent issuance, and the legal term of patents in the countries in which they are obtained. Generally, patents issued for applications filed in the U.S. are effective for 20 years from the earliest effective filing date of a non-provisional patent application. The duration of patents outside of the U.S. varies in accordance with provisions of applicable local law, but is typically also 20 years from the earliest effective filing date.
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However, the actual protection afforded by a patent varies from country to country and depends upon many factors, including the type of patent, the scope of its coverage, the availability of legal remedies in a particular country, and the validity and enforceability of the patent.
In addition to our patents, we held 18 registered U.S. trademarks and had 3 pending U.S. trademark application and more than 500 active foreign trademark filings as of January 31, 2025.
Although we rely on intellectual property rights, including patents, copyrights, trademarks, and trade secrets, as well as contractual protections to establish and protect our proprietary rights, we believe that factors such as the technological and creative skills of our personnel, development of new services, features, and functionality, and frequent enhancements to our platform are equally essential to establishing and maintaining our technology leadership position.
We restrict access to and use of our proprietary technology and other confidential information through the use of internal and external controls, including contractual protections with employees, contractors, customers, and partners. We require our employees, consultants, and certain other third parties to enter into confidentiality and proprietary rights agreements, and we control and monitor access to our software, documentation, and other confidential information. Our policy is to require all employees and independent contractors to sign agreements assigning to us any inventions, trade secrets, works of authorship, developments, processes, and other intellectual property generated by them on our behalf and under which they agree to protect our confidential information. In addition, we generally enter into confidentiality agreements with our customers and partners. See Risk Factors—Risks Related to Our Intellectual Property , included in Part I, Item 1A of this Annual Report on Form 10-K, for a description of risks related to our intellectual property.
Government Regulation
Our business is and will continue to be subject to extensive U.S. federal and state and foreign laws and regulations, including laws and regulations involving privacy, data protection, security, intellectual property, competition, taxation, anti-corruption, anti-bribery, anti-money laundering, use of artificial intelligence, and other similar laws. Many of these laws and regulations are still evolving and are likely to remain uncertain for the foreseeable future, and these laws and regulations can vary significantly from jurisdiction to jurisdiction. The costs of complying with these laws and regulations are high and are likely to increase in the future. Further, the impact of these laws and regulations may disproportionately affect our business in comparison to our competitors that have greater resources.
In the U.S., we are subject to data security and privacy rules and regulations promulgated under the authority of the FTC , the Electronic Communications Privacy Act, the Computer Fraud and Abuse Act, the CCPA , and other state and federal laws relating to privacy and data security. The CCPA requires covered businesses to provide new disclosures to California residents and to provide them with new ways to opt out of the sale of personal information, and provides a private right of action and statutory damages for data breaches. Other jurisdictions in the U.S. are beginning to propose laws similar to the CCPA.
As a result of our global operations, we must comply with many data security and privacy laws that may vary significantly from jurisdiction to jurisdiction. Virtually every jurisdiction in which we operate has established or is in the process of establishing data security and privacy legal frameworks with which we or our customers must comply. Our failure to comply with the laws of each jurisdiction may subject us to significant penalties. For example, the data protection landscape in Europe, including with respect to cross-border data transfers, is currently unstable and other countries outside of Europe have enacted or are considering enacting cross-border data transfer restrictions and laws requiring local data residency. Furthermore, the EU AI Act imposes onerous obligations for providers and deployers of AI-related systems. In addition, we must comply with any sanctions that may be issued by countries in which we do business.
We may also be subject to regulation with respect to ESG matters. For example, the state of California has adopted rules that require companies to provide expanded climate-related disclosures, and the EU adopted the Corporate Sustainability Reporting Directive . Compliance with these developing regulations may cause us to incur additional costs.
For a discussion of the various risks we face from regulation and compliance matters, see Risk Factors—Risks Related to Data Privacy and Cybersecurity and Risk Factors—Risks Related to Regulatory Compliance and Governmental Matters included in Part I, Item 1A of this Annual Report on Form 10-K.
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Human Capital
Our People
Our people are our most important asset and are key to our success. We seek to employ passionate individuals with a growth mindset who are excited to innovate and challenge the status quo.
As of January 31, 2025, we had a total of 3,868 full-time employees, geographically distributed as follows:
The following chart presents the distribution of our full-time employees by financial statement line as of January 31, 2025:
We are subject to local labor law requirements in all countries in which we operate. We consider our employee relations to be good and have not experienced any work stoppages.
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Our Values
We believe that our values serve as our compass, guiding our culture, strategy, and behaviors. Embedding these values into everything we do is critical to our success and helps us deliver value to our customers, employees, and stockholders.
Humble
Keep an open mind. Cultivate kindness. Be a team player. Check your ego.
Bold
Speak up. Act with courage. Make decisions. Think big.
Immersed
Dive deep. Be passionate. Own what you do. Be customer centric.
Fast
Practice agility. Prioritize simplicity. Drive results. Be proactive.
Employee Experience
Changing the world of work starts with creating a workplace in which our employees feel inspired, empowered, and supported. We strive to provide equal opportunity and to foster an environment that drives inclusion and belonging, while also supporting our employees' overall well-being.
We continue to evolve our culture to support our strategy and our vision of accelerating human achievement through the power of automation and AI. We have designed our rewards programs to be competitive and to attract, retain, and motivate high-performing employees. We employ a consistent performance management approach globally, whereby individual performance is evaluated based on impact and alignment with our values, and we utilize various global and functional programs to recognize employee achievement and tenure.
We cultivate high-performing leaders and individual contributors through integrated talent development initiatives. Our approach empowers all employees to drive their professional growth through access to various e-learning platforms, structured mentoring relationships, and individual coaching and customized learning plans aligned with their career aspirations.
Social Responsibility and Community Initiatives
We have built an employee-led giving strategy through which employees can support charities of their choosing via donation. We further support the charitable pursuits of our people by allotting additional paid time off for activities with social impact. Our employees have volunteered, for example, in building homes for those without, feeding those in need, and in teaching children valuable technical and life skills.
In furtherance of our mission, vision, and strategy, we are committed to making automation a force for good in the world. We have invested in research, collaborations, and partnerships to develop solutions that help address global challenges and increase the positive impact of automation on people and our planet. We have supported initiatives dedicated to improving automation skills and technology access and creating social good with our free online learning platform, UiPath Academy. Working with our partners to develop accessible paths toward fulfilling careers and foster meaningful employment opportunities remains a priority for us, and we have expanded our network of partner organizations to equip students with automation skills as part of our UiPath Academic Alliance program. We also train and certify our own employees as citizen developers to automate mundane tasks, which promotes empowerment and engagement.
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We also founded the UiPath Foundation, an independent non-governmental, non-profit, non-political, and non-religious global organization based in Romania, which aims to provide children living in poverty with the skills and tools necessary to reach their full potential.
At the time of our IPO in April 2021, we pledged to donate equity as a member of Pledge 1%, a global corporate philanthropy movement; as of January 31, 2025, we have donated 0.9 million shares of our Class A common stock to fund projects related to our environmental, social, and governance initiatives, with an additional 1.9 million shares of our Class A common stock reserved for distribution by April 2031.
Corporate and Available Information
We were first established in Bucharest, Romania in 2005 and incorporated in Delaware on June 9, 2015. Our principal executive offices are located at One Vanderbilt Avenue, 60th Floor, New York, New York 10017, and our telephone number is (844) 432-0455.
The UiPath logo, “UiPath,” and our other registered and common law trade names, trademarks, and service marks are the property of UiPath, Inc. or our subsidiaries. Any other trade names, trademarks and service marks used in this Annual Report on Form 10-K are the property of their respective owners.
Our website address is www.uipath.com. Information found on, or accessible through, our website is not a part of, and is not incorporated into, this Annual Report on Form 10-K. We file electronically with the SEC our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act . We make available on our website at www.uipath.com, free of charge, copies of these reports and other information as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. The SEC maintains an internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC at www.sec.gov.
We may use our website as a distribution channel for material company information. Financial and other important information regarding UiPath is routinely posted on and accessible through our website at www.uipath.com. We therefore encourage investors and others interested in UiPath to review the information that we make available on our website, in addition to following our filings with the SEC, webcasts, press releases, and conference calls. In addition, interested parties may automatically receive email alerts and other information about UiPath when they enroll an email address by visiting “Resources” under the "Investor Relations" section at www.uipath.com.