Robotics process automation startup UiPath raising $400M at more than $7B valuation

Kate Clark
Robotics process automation startup UiPath raising $400M at more than $7B valuation

UiPath, a robotics process automation platform targeting IT businesses, is raising more than $400 million in Series D funding from venture capital investors at a valuation north of $7 billion, sources have confirmed to TechCrunch following a report from Business Insider. UiPath, founded in 2005, has raised $409 million to date, meaning the new round of capital will double the total capital invested in the startup, as well as its valuation. UiPath is backed by top-tier investors CapitalG and Sequoia Capital, which co-led its Series C, as well as Accel, Credo Ventures and Earlybird Venture Capital, among others.