UiPath Closes Series C Funding Extension with Investment from IVP, Madrona Venture Group and Meritech Capital
UiPath, the Robotic Process Automation (RPA) market leader, has closed an extension of its Series C financing with a strategic investment from IVP, Madrona Venture Group and Meritech Capital. With this extension added to the first closing of the Series C round announced in September, UiPath’s Series C financing now totals $265 Million at a valuation of $3 Billion; it was led by CapitalG and Sequoia Capital.
In addition to bringing in strong partners to support UiPath, the funding extension was created by enabling employees to gain some liquidity. Employees were invited to participate at the same share price that investors received in the round. This fundamental employee benefit is in line with the company’s culture and is an example of a benefit that landed UiPath as Comparably’s 6th happiest place to work in 2018.
Read More: Palo Alto Networks Appoints Amit K. Singh as President
“I am honored to have IVP, Madrona Venture Group and Meritech Capital as new investors in UiPath. Their leadership and guidance will no doubt help us continue to define and lead the Automation First era for customers everywhere. UiPath has had many funding options and I believe we have selected the investors that align best with our culture and beliefs. I am humbled as the syndicate of unquestionably top-tier venture capital firms who believe in UiPath and support our future,” said UiPath CEO and co-founder Daniel Dines. “Additionally, it is a core UiPath principle to share the success of the company in a meaningful way with our hard-working and long-time employees and we were excited to be able to extend the opportunity, at their personal choice, to realize partial liquidity in this round.”
In today’s heightened environment regarding funding sources and investor quality, UiPath is fully committed to disclosing its sources of capital.
Read More: Interview with Angel Gambino, CEO and Founder of Sensai
Details on UiPath New Investors
IVP is a premier later-stage venture capital and growth equity firm in the U.S. and its current $1.5 billion fund is focused on investments in rapidly-growing media and technology companies like UiPath. Since 1980, IVP has invested in more than 400 companies, 108 of which have gone public. Its portfolio includes AppDynamics, Dropbox, GitHub, Pure Storage and Slack. General Partner Eric Liaw, who focuses on high-growth opportunities across enterprise software, Internet, mobile and fintech markets, led IVP’s investment in UiPath.
Read More: Interview with Jeffrey Kofman, CEO and Founder at Trint
Meritech Capital is a growth investment fund. General Partner Alex Kurland led Meritech’s investment in UiPath and is primarily focused on enterprise software and infrastructure investments. Meritech has a strong enterprise track record and a portfolio that includes Facebook, Salesforce, NetSuite, Mulesoft, Anaplan, Coupa and Proofpoint.
Madrona Venture Group invests in seed and early-stage technology companies. Managing Director S. Somasegar has joined UiPath’s Board and will actively support the expansion of UiPath’s Bellevue Product Development Center, which is focused on deepening both UiPath’s developer engagement and AI expertise. Somasegar has led investments at Madrona that include AnswerIQ, MightyAI and Snowflake.
Read More: The Top 5 “Recipes” That Give AI Projects a Higher Likelihood of Success
Along with IVP, Meritech and Madrona, UiPath has raised more than $400 million from tier one investors including Accel, CapitalG, Earlybird’s Digital East Fund, Kleiner Perkins Caufield Byers, Credo Ventures, Seedcamp and Sequoia Capital. UiPath raised its Series A in April 2017 with 200 customers at a valuation of $140 Million. It raised another $153 Million in March 2018 at a valuation of $1.1 Billion.
Read More: Fluor Uses IBM Watson to Deliver Predictive Analytics Capability for Megaprojects
Your writing is perfect and complete. slotsite However, I think it will be more wonderful if your post includes additional topics that I am thinking of. I have a lot of posts on my site similar to your topic. Would you like to visit once?
Recycled copper ingots Scrap Copper recovery Scrap metal recovery plant
Copper cable scrap export cost, Metal scrap brokerage, Copper scrap mold casting
Metal waste packaging Ferrous material community impact Iron reclamation and utilization
Ferrous material procurement, Iron waste reprocessing operations, Metal reclamation and recycling yard
This is very interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your magnificent post. Also, I have shared your web site in my social networks!
We are a group of volunteers and starting a new scheme in our community. Your web site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.
Hi there! I’m at work browsing your blog from my new iphone! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the fantastic work!
I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from. kudos
I go to see day-to-day some web sites and websites to read articles, but this website offers quality based articles.
ГГУ имени Ф.Скорины
Appreciating the time and energy you put into your site and in depth information you provide. It’s great to come across a blog every once in a while that isn’t the same unwanted rehashed material. Fantastic read! I’ve saved your site and I’m including your RSS feeds to my Google account.
Hi, Neat post. There is a problem together with your web site in internet explorer, could check this? IE still is the marketplace leader and a good portion of other people will omit your fantastic writing due to this problem.
Good day! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!
I was extremely pleased to find this web site. I wanted to thank you for your time for this wonderful read!! I definitely savored every bit of it and I have you book marked to check out new things on your blog.
Hello! This is my first visit to your blog! We are a group of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a extraordinary job!
Excellent blog here! Also your website loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol
What’s up, I desire to subscribe for this webpage to get most recent updates, thus where can i do it please help.
Wonderful article! We will be linking to this great post on our site. Keep up the good writing.
No matter if some one searches for his necessary thing, thus he/she needs to be available that in detail, thus that thing is maintained over here.
You really make it seem so easy with your presentation however I in finding this topic to be really something which I feel I would never understand. It kind of feels too complicated and very broad for me. I am taking a look forward in your next post, I will try to get the cling of it!
This excellent website definitely has all of the info I wanted about this subject and didn’t know who to ask.
I am extremely inspired with your writing talents and alsosmartly as with the format for your blog. Is this a paid subject or did you customize it yourself? Either way stay up the nice quality writing, it’s rare to peer a nice blog like this one nowadays..
Выбрав услугу “автомойка самообслуживания под ключ”, инвестор получает полностью оснащенную и готовую к эксплуатации моечную станцию без необходимости заниматься её организацией самостоятельно.
I savor, lead to I found exactly what I used to be looking for. You have ended my 4 day long hunt! God Bless you man. Have a nice day. Bye
Post writing is also a fun, if you be acquainted with then you can write or else it is complex to write.
Pretty great post. I simply stumbled upon your blog and wanted to mention that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing for your feed and I am hoping you write again soon!
Howdy! I just want to give you a huge thumbs up for the great info you have here on this post. I will be coming back to your site for more soon.