Robotic Process Automation Company UiPath Raises $568 million in New Funding

Robotic Process Automation Company UiPath Raises $568 million in New Funding Image Credit: UiPath

The leading robotic process automation (RPA) software company, UiPath announced that it has raised $568 million in Series D investment round.

UiPath closed its Series A funding in April 2017, and since then has expanded its customer base which is now exceeding 400,000 users worldwide across 200 countries. It has delivered six releases of the UiPath Enterprise RPA platform with defense grade security, launched UiPath Go!, integrated AI by adding new capabilities like AI Computer Vision, and created an open and extensible architecture that has made UiPath the platform of choice for third-party RPA and AI development.

The Company has Increased its annual recurring revenue (ARR) from $8 million to over $200 million; and grew its employee base to over 2,500, a 16x increase during the period.

Daniel Dines, Co-founder and CEO, UiPath
UiPath is leading this workforce revolution, driven by our core determination to democratize RPA and deliver on our vision of a robot helping every person. 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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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