UiPath Secures $568M in Series D Funding
Summary
UiPath , a NYC-based robotic process automation (RPA) company, closed a $568 a Series D funding. The round, closed at a post-money valuation of $7 Billion, was led by Coatue, with participation from Dragoneer, Wellington, Sands Capital, funds and accounts advised by T. Rowe Price Associates, Accel, CapitalG and Sequoia, IVP and Madrona Venture Group. Led by Daniel Dines, co-founder and CEO, UiPath is champions a “one robot for every person” approach, delivering free and open training and collaboration and enabling robots to learn new skills through AI and machine learning. The company’s enterprise Robotic Process Automation (RPA) platform has already automated millions of repetitive, mind-numbing tasks for business and government organizations all over the world, to improve their productivity, customer experience and employee job satisfaction. Recent customer additions include American Fidelity, BankUnited, CWT (formerly known as Carlson Wagonlit Travel), Duracell, Google, Japan Exchange Group (JPX), LogMeIn, McDonalds, NHS Shared Business Services, Nippon Life Insurance Company, NTT Communications Corporation, Orange™, Ricoh Company, Ltd., Rogers Communications, Shinsei Bank, Quest Diagnostics, Uber, US Navy, Voya Financial, Virgin Media, and World Fuel Services.
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