$3 Billion Google-Backed AI Unicorn UiPath Set to Achieve Revenue Growth of 5614%

From CCN.com: UiPath, an artificial intelligence (AI) startup first backed by Google's CapitalG fund in 2018 will shortly, according to leaked reports, achieve over 5000% growth. Business Insider sources claim UiPath, also backed by Sequoia Capital and Accel, is set to hit $200 million annual recurring revenue (ARR). ARR is a metric used by software-as-a-service (SaaS) providers to reflect subscription revenues. The ARR figure for UiPath was just $3.5 million in 2016. Its ARR hit $150 million in November 2018.