Robotic vendor UiPath has raised $750 million in its Series F funding round bringing its market valuation to $35 billion.
The robotic process automation (RPA) specialist has raised a total of $2 billion in investment since 2017, with the latest round marking the largest amount it has raised so far. Its last funding round in July 2020 raised £225 million.
UiPath was founded in 2005 by Daniel Dines and Marius Tirca. Its Series A funding in 2017 raised $30 million.
One of the backers, Alkeon Capital, said that automation has become a strategic imperative for companies and is changing the way companies 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”, a company spokesperson said.
