UiPath, a NYC-based enterprise Robotic Process Automation (RPA) software company, raised $153m in Series B funding.
The round was led by Accel with participation from new investors CapitalG and Kleiner Perkins Caufield & Byers and seed investors Earlybird’s Digital East Fund, Credo Ventures and Seedcamp. In conjunction with the funding, Accel Partner Rich Wong will join UiPath’s board of directors.
The company intends to use the funds to accelerate its product roadmap, particularly innovations that integrate machine learning (ML) and artificial intelligence (AI) algorithms within customers’ digital business operations and continue expansion of its global operations with new offices in Amsterdam, Houston, Munich, Paris, Seoul and Washington D.C. this quarter.
Launched in 2015 by Daniel Dines, CEO, UiPath provides an enterprise RPA platform which enables the rapid design and deployment of software robots (digital workers) that perfectly emulate and execute repetitive processes, boosting business productivity, ensuring compliance and enhancing customer service across both back-office and front-office operations.
In 2017, the company’s enterprise customer base grew from less than 100 customers to more than 700. New customers include BMW Group, CenturyLink, Dairy Farm Group, Dentsu Inc., Huawei, Morningstar and Sumitomo Mitsui Financial Group.
UiPath, which has also grown a community of more than 120,000 RPA developers worldwide, now employs more than 590 professionals across 14 countries.