UiPath Closes $750 Million in Series F Funding
UiPath Inc., 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.
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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 and build, manage, run, engage, measure, and govern automations across departments within an organization.
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Abhi Arun, Managing Partner at Alkeon Capital, commented: “Automation has become a strategic imperative that is fundamentally changing the way organizations 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.”