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Robotic Process Automation Tech Startup Uipath Raises $750m At $35B Valuation

by geekwire.com posted 3weeks ago 37 views
UiPath is raising more cash. The New York-based company just announced a $750 million Series F round that pushes its valuation to $35 billion. This follows a $225 million Series E round raised in July at a $10.2 billion valuation. Total funding to date is nearly $2 billion. Founded in 2005, UiPath builds technology called Robotic Process Automation, or RPA. It involves systems that use AI to learn and then take over routine and mundane software processes and business workflows from human workers. The company reported more than $400 million in annual recurring revenue in July.