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UiPath Raises $568 Million Series D Funding RoundThe leading robotic process automation (RPA) software company, UiPath, is blazing a path to an "automation first" era, closing its Series D investment round raising $568 million at a post-money valuation of $7 billion, 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 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. At the $7 billion valuation, UiPath is one of the fastest growing and highest-valued AI enterprise software companies worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190430005133/en/ UiPath Growth Over 24 Months (Graphic: Business Wire) UiPath closed its Series A funding in April 2017, and since then has expanded on its most important milestones:
"We are at the tipping point. Business leaders everywhere are augmenting their workforces with software robots, rapidly accelerating the digital transformation of their entire business and freeing employees to spend time on more impactful work," said Daniel Dines, UiPath co-founder and CEO. "UiPath is leading this workforce revolution, driven by our core determination to democratize RPA and deliver on our vision of a robot helping every person. I am humbled by the amazing support our customers, partners and investors give us every day, inspiring us to work harder to evolve RPA as the platform that not only unlocks the true potential of AI, but also other emerging technologies. We are just getting started" Recent customer additions include American Fidelity, BankUnited, CWT (formerly known as Carlson Wagonlit Travel), Duracell, Google, Japan Exchange Group (JPX), LogMeIn, McDonalds, NHS Shared Business Services, Nippon Life Insurance Company, NTT Communications (News - Alert) Corporation, Orange™, Ricoh Company, Ltd., Rogers Communications, Shinsei Bank, Quest Diagnostics, Uber, US Navy, Voya Financial, Virgin Media, and World Fuel Services. UiPath's commitment to delivering the best RPA solution and creating a powerful, open, and transparent team has garnered significant recognition:
Supporting Quotes "UiPath is enabling the critical capabilities necessary to advance how companies perform and how employees better spend their time," said Greg Dunham, vice president at T. Rowe Price Associates, Inc. "The industry has achieved rapid growth in such a short time, with UiPath at the head of it, largely due to the fact that RPA is becoming recognized as the paradigm shift needed to drive digital transformation through virtually every single industry in the world."
About UiPath Recently named by Comparably as the 6th happiest place to work and the 11th best company culture among large businesses, UiPath is one of the fastest growing and highest-valued AI enterprise software companies worldwide. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of these names, trademarks and brands does not imply endorsement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190430005133/en/ |