Wednesday 27th March, 2019
UiPath a leading Enterprise Robotic Process Automation (RPA) software company is reportedly close to agreeing another round of funding that could see its valuation go beyond the $6 billion mark.
This follows the closing of the company’s series C funding in December last year, which raised $225 million at a valuation of $3 billion with investors CapitalG, Sequoia Capital and Accel.
Reported in BusinessInsider “multiple anonymous sources” says that talks between UiPath and investors over its Series D round are still ongoing and could see $300 million to $400 million more pumped into the company. The round would be led by public institutional investors for the first time.
The company began raising private capital in 2015 and has since experienced rapid growth of its valuation and annual recurring revenue.
UiPath was named a leader in The Forrester Wave™: Robotic Process Automation, Q2 2018, achieving the highest score in the “Current Offering” category and the highest possible score in “Market Presence.”