UiPath, an artificial intelligence company backed by Google and Sequoia, will soon hit $200 million annual recurring revenue, sources told Business Insider. Though founded in 2005, the company had just $3.5 million in ARR in 2016. The company, which is backed by Accel, CapitalG and Sequoia, was last valued at $3 billion in a September funding round. The buzzy and well-funded $3 billion artificial intelligence startup UiPath will soon hit $200 million in annual recurring revenue, sources told Business Insider. UiPath, which does robotic process automation, brought in just $3.5 million in ARR in 2016, according to one source.