UiPath closes $750 million in series F funding
UiPath has closed a $750 million Series F funding round at a post-money valuation of $35 billion. The round was co-led by existing investors Alkeon Capital and Coatue. Other returning investors include Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T. Rowe Price Associates, Inc.
UiPath offers an end-to-end platform for automation that combines a robotic process automation (RPA) solution and a full suite of capabilities to enable organizations to scale their digital business operations.
According to the company, the UiPath Automation Platform is designed to transform the way humans work, providing customers with the ability to discover automation opportunities and build, manage, run, engage, measure, and govern automations across departments within an organization.
"Automation has become a strategic imperative that is fundamentally changing the way organizations operate," said Abhi Arun, managing partner at Alkeon Capital. "We are excited to co-lead this round of funding, as well as continue to team up with the UiPath team during an important phase for the company.”
For more information, go to www.uipath.com.