UiPath Closes $265M Series C Funding

UiPath, a NYC-based Robotic Process Automation (RPA) company, closed an extension of its Series C financing.

Backers included IVP, Madrona Venture Group and Meritech Capital.

With this extension added to the first closing of the Series C round announced in September, UiPath’s Series C financing now totals $265m at a valuation of $3 billion. The round was led by CapitalG and Sequoia Capital.

The funding extension was created by enabling employees to gain some liquidity. Employees were invited to participate at the same share price that investors received in the round.

Led by CEO and co-founder Daniel Dines, UiPath provides an AI and machine learning enterprise Robotic Process Automation (RPA) platform that has automated millions of repetitive, mind-numbing tasks for business and government organizations all over the world, improving productivity, customer experience and employee job satisfaction.

More than 1,500 enterprise customers and government agencies in document management, call center, healthcare, financial, API enablement, data extraction and migration, process automation, application integration and business process outsourcing verticals use UiPath’s Enterprise RPA platform.