UiPath, the RPA company that went public a year ago, was once hotter than hot in a space that was sizzling. Consider that it raised $750 million in February, 2021 at an astonishing $35 billion valuation. It went public a couple of months later to much fanfare, finishing its opening day of trading above that final valuation. The future looked bright, but the reality of being a public company has proven challenging. Today, its market cap sits at under $10 billion, a precipitous drop from its final private valuation. The 52 week high for the stock price was $90.00 per share, the low was $17.66 and the stock is up over 2% on the news to $18.61 this afternoon. Perhaps that's why the company has turned to a seasoned professional for help, announcing today that it was bringing in Rob Enslin, most recently the president of sales at Google Cloud to share CEO duties with founder and current CEO Daniel Dines. Enslin has been around the enterprise for several decades. Prior to joining Google,...
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