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  • Friday, April 26, 2024

Robotic Process Automation Firm UiPath Raises $750M in Series F Funds

UiPath has raised $750 million in a round of Series F financing, valuing the New York-based robotic process automation company at $35 billion.

Alkeon Capital and Coatue co-led the funding round and UiPath said Monday existing investors including Altimeter Capital, Tiger Global, IVP, Sequoia, Dragoneer and funds advised by T. Rowe Price Associates also participated in the round.

The closing of the funding round came after UiPath confidentially filed for a public offering with the Securities and Exchange Commission in December.

In July 2020, the company announced that it secured $225 million in Series E funding round and would use the money to advance its hyperautomation platform, expand its cloud offerings and perform research and development efforts.

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