Total amount raised
$2 Billion
Latest funding date
3/1/2023
Location
UiPath has successfully raised significant funding through 10 rounds, with the most recent being a Post-IPO Equity round. The company is backed by 36 investors, including notable names like Turkgen Ventures and Alkeon Capital.
Keep reading to explore the intricacies of UiPath's fundraising journey and the investors backing this innovative platform.
What Is UiPath?
UiPath, founded in 2005, is a prominent player in the automation and AI-driven software solutions industry. Headquartered in New York, New York, the company specializes in robotic process automation (RPA) and artificial intelligence (AI) applications.
With a workforce of over 3,000 employees, UiPath offers a comprehensive platform for agentic automation, enabling businesses to streamline complex workflows. The company was founded by Daniel Dines and Marius Tîrcă and operates across various sectors, including banking, healthcare, insurance, public sector, and manufacturing.
How Much Funding Has UiPath Raised?
- Seed Round
- Amount Raised: USD 1,600,000
- Date: July 2015
- Lead Investors: Bek Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial RPA technology.
- Series A
- Amount Raised: USD 30,000,000
- Date: April 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and enhance its RPA platform.
- Series B
- Amount Raised: USD 153,000,000
- Date: March 2018
- Lead Investors: Accel, CapitalG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate product development.
- Series C
- Amount Raised: USD 265,000,000
- Date: September 2018
- Lead Investors: CapitalG, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand globally and invest in AI capabilities.
- Series D
- Amount Raised: USD 568,000,000
- Date: April 2019
- Lead Investors: Coatue
- Valuation at Round: USD 7 billion
- Motivation Behind the Round: To expand the user base and increase annual recurring revenue.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series E
- Amount Raised: USD 225,000,000
- Date: July 2020
- Lead Investors: Alkeon Capital, Coatue, Global Secure Invest
- Valuation at Round: USD 10.2 billion
- Motivation Behind the Round: To enhance R&D capabilities and expand market presence.
- Secondary Market
- Amount Raised: USD 425,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: USD 750,000,000
- Date: February 2021
- Lead Investors: Alkeon Capital, Coatue
- Valuation at Round: USD 35 billion
- Motivation Behind the Round: To prepare for an IPO and scale operations.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: March 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and innovation.
UiPath has raised a total of USD 1,993,425,000 with a current valuation of USD 35 billion.
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on long-term investments in technology and growth sectors. They have a reputation for backing high-growth tech companies.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors
- Notable Investments: UiPath, Spotify, Pinterest
- Coatue
- Details: Coatue is a technology-focused investment firm managing both public and private equity funds. They are known for their significant investments in tech startups and established companies.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors
- Notable Investments: Snap Inc., DoorDash, ByteDance
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in early and growth-stage companies across various sectors, including technology. They have a long history of backing successful startups.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Apple, Google, WhatsApp
- Tiger Global
- Details: Tiger Global is an investment firm focusing on public and private companies in the global internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors
- Notable Investments: Facebook, LinkedIn, JD.com
- IVP (Institutional Venture Partners)
- Details: IVP is a venture capital firm that invests in later-stage companies in the technology sector. They have a strong track record of supporting companies through their growth phases.
- Investment Focus Areas: Later-stage venture capital, technology, media
- Notable Investments: Slack, Twitter, Snap Inc.
What's Next for UiPath?
UiPath stands at the cusp of a transformative era, with the potential to revolutionize the automation industry. The company is poised to expand its robotic process automation (RPA) and AI software across various sectors, enhancing productivity and efficiency. With a valuation of $35 billion and substantial investor confidence, the opportunities for growth are immense.
As UiPath prepares for its IPO, the influx of capital will likely fuel further innovation and market expansion. The company’s strategic focus on automation aligns with industry trends, positioning it to capitalize on the increasing adoption of AI and machine learning. However, the path ahead is not without challenges. UiPath must navigate intense competition from tech giants and ensure the scalability and reliability of its solutions to maintain its competitive edge.
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