UiPath, a robotic process automation software company, raised $30m in Series A funding.
The round was led by Accel with participation from existing investors Earlybird Venture Capital, Credo Ventures and Seedcamp.
The company intends to use the funds to accelerate to boost hiring, invest in product development and Artificial Intelligence capabilities, especially around its core computer vision technology and focus on cognitive capabilities enabling organizations to handle the vast amounts of structured and unstructured data required to deliver intelligent automation.
Led by Daniel Dines, CEO and founder, UiPath builds intelligent software robots for businesses globally to automate repetitive processes across HR, finance, accounting and operations (e.g. claims handling for insurance providers, employee onboarding, back office support, etc.) by leveraging computer vision technology.
The company currently has a team of 150 employees in New York, London, Bucharest, Bangalore, Tokyo and Singapore, over 150 partners including major consultancies such as Deloitte and Capgemini, and 200 customers globally in industries ranging from banking, financial services and insurance through to manufacturing, utilities, healthcare and government.