Tuesday 2nd February, 2021
Robotic Process Automation provider UiPath has announced it 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.
Abhi Arun, Managing Partner at Alkeon Capital, commented: “Automation has become a strategic imperative that is fundamentally changing the way organisations operate. 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.”
This comes after UiPath raised $225 million in its Series E investment round In July last year.