UiPath, the leading robotic process automation (RPA) company founded by two Romanian entrepreneurs, has raised USD 568 million in a Series D investment round to reach a valuation of USD 7 billion, making it the fastest growing and highest-valued AI enterprise software companies worldwide, according to Business-Review.eu.
The investment round was led by Coatue and joined by Dragoneer, Wellington, Sands Capital, and funds and accounts advised by T. Rowe Price Associates, Inc. Accel, who led the Series A and Series B rounds, and CapitalG and Sequoia who led the Series C round, all participated in this round, as did other existing investors, including IVP and Madrona Venture Group.
UiPath’s RPA software performs low-skilled tasks that businesses once outsourced to humans in cheap-wage countries, such as repetitive, routine data entry and processing tasks. The software has over 400,000 users worldwide.
Read more HERE
