Romanian-born UiPath raises $750 Million in Series F funding
UiPath Inc., the leading Robotic Process Automation (RPA) company, has closed a $750 million Series F funding round at a post-money valuation of $35 billion. The round was led by Alkeon Capital and Coatue with participation from Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T. Rowe Price Associates, Inc.
Founded in 2005 by the Romanian entrepreneurs, Daniel Dines and Marius Tîrcă, UiPath designs and develops robotic process automation and artificial intelligence software. The company offers an end-to-end platform for hyper-automation, combining the leading RPA solution with a full suite of capabilities that enable every organization to scale digital business operations at unprecedented speed.
UiPath is on a mission to unlock human creativity and ingenuity by enabling the Fully Automated Enterprise™ and empowering workers through automation. Its Automation Platform is designed to transform the way humans work, providing customers with a robust set of capabilities to discover automation opportunities.