UiPath raises $750m;company valuation at $35b

Robotic Process Automation (RPA) firm UiPath has closed a $750 million Series F funding, that puts the company at $35 billion post-money valuation.

Founded in 2015, it has automated millions of repetitive tasks for over 65 per cent of the Fortune 500 companies. The funding round was co-led by existing investors Alkeon Capital and Coatue, the company said in a statement late on Monday. Other investors include Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T Rowe Price Associates, Inc. "Automation has become a strategic imperative that is fundamentally changing the way organisations 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," said Abhi Arun, Managing Partner at Alkeon Capital.