What is UiPath?
UiPath specializes in the creation of intelligent business process automation and robotic software. Founded in 2005 and headquartered in New York, New York, the company has emerged as a pivotal player in the automation industry. Its platform empowers organizations to automate repetitive, rule-based tasks, thereby enhancing efficiency, reducing errors, and freeing up human workers for more strategic initiatives. The company's growth trajectory, marked by consistent and significant investment rounds, indicates a strong demand for its solutions in streamlining complex business operations across various sectors.
How much funding has UiPath raised?
UiPath has raised a total of $3.3B across 7 funding rounds:
Series A
$30M
Series B
$153M
Series C
$265M
Series D
$568M
Series E
$225M
Series F
$750M
Stock Offering
$1.3B
Series A (2017): $30M with participation from Accel, Earlybird Venture Capital, Credoventures, and Seedcamp
Series B (2018): $153M led by Accel
Series C (2019): $265M supported by CapitalG and Steamboat Ventures
Series D (2019): $568M featuring T. Rowe Price & Associates, Coatue Management, IVP, Sequoia Capital, Accel, Madrona Venture Group, CapitalG, Wellington Management Company, Dragoneer Investment Group, and Sands Capital Ventures
Series E (2020): $225M backed by IVP, Steamboat Ventures, Wellington Management Company, Accel, Tencent, Madrona Venture Group, Dragoneer Investment Group, Coatue Management, Tiger Global, and T. Rowe Price Associates
Series F (2021): $750M with participation from T. Rowe Price Associates, IVP, Steamboat Ventures, Alkeon Capital Management, Dragoneer Investment Group, Tiger Global, Coatue, and Altimeter Capital
Stock Issuance/Offering (2021): $1.3B, investors not publicly disclosed
Key Investors in UiPath
T. Rowe Price & Associates
T. Rowe Price & Associates is a global investment management firm founded in 1937, known for managing equity and fixed income mutual funds for a diverse range of institutional and individual investors.
IVP
IVP (Institutional Venture Partners) is a prominent later-stage venture capital firm that invests in high-growth technology companies, supporting them through scaling and exit phases.
Coatue Management
Coatue Management is an investment firm founded in 1999, specializing in public and private equity investments across global markets, with a focus on technology and growth-stage companies.
What's next for UiPath?
With a substantial capital infusion, UiPath is poised for accelerated growth and further innovation in the intelligent automation space. The company's strategic investments are likely to fuel expansion into new markets, enhance its product offerings with advanced AI and machine learning capabilities, and strengthen its competitive advantage. This sustained backing suggests a focus on scaling operations, deepening customer relationships, and potentially exploring strategic acquisitions to solidify its leadership in the rapidly evolving enterprise automation landscape.
See full UiPath company page
