UiPath can't figure out how to make a profitable business since 2005 and we are nearing the end of this hype cycle. I am not so sure this will lead anywhere. I am a former investor in UiPath.
Attempts at commercialization in technology seem to often happen twice. First we get the much-hyped failure, and only later we get the actual thing that was promised.
So many examples come to mind… RealVideo -> YouTube, Myspace -> Facebook, Laserdisc -> DVD, MP3 players -> iPod…
UiPath may end up being the burned pancake, but the underlying problem they’re trying to address is immensely lucrative and possibly solvable (hey if we got the Turing test solved so quickly, I’m willing to believe anything is possible).
It didn’t help that UIPath forced a subscription model and “cloud orchestrator” on all users and many of which needed neither. They got greedy. We ditched it.
