UiPath, one of the most prominent names in the budding field of RPA, recently secured a Series D investment of $568 million. That brings the total raised by the New York City-based company to $1 billion and its valuation to $7 billion.
“We are at the tipping point,” said Daniel Dines, co-founder and CEO of UiPath. “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. 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.”
The funding round was led by Coatue with participation from Dragoneer, Wellington, Sands Capital, Accel, Capital G, Sequoia, IVP, Madrona Venture Group and others.