Monday, June 24

Tag: UiPath

Top 5 Funding of The Week (17th Sept – 22nd Sept)
FUNDING

Top 5 Funding of The Week (17th Sept – 22nd Sept)

The most popular methods of fundraising these days for companies is either through investors or through the launch of IPO. Initially, the companies generally go for raising funds from the investors. This has become a vital part of a business and thus, here we have the top five funding activities that took place this week. This particular week was quite active in terms of fundraising activities. The company that raised the highest amount of funds was UiPath which is a Robotic Process Automation (RPA) software company that raised $225 million funds. Let's have a look on these funding rounds.     Setoo   A UK-based startup Setoo that turns insurance into a powerful business accelerator, transforming the online customer experience and generating new revenue str...
US-based RPA Firm Raises $225 million from CapitalG and Sequoia Capital
FUNDING

US-based RPA Firm Raises $225 million from CapitalG and Sequoia Capital

Robotic Process Automation (RPA) software company UiPath has secured funds amounting to $225 million in Series C funding. The round was co-led by existing investor CapitalG and new investor Sequoia Capital. Another investor that participated in the funding round included existing investor Accel Partners. This particular fundraise has valued the company at $3 billion, a three-fold increase from $1 billion valuation in March. The RPA firm plans to use these funds to gear up its India operations and for product development. Also, the company plans to increase its India workforce from 250 to 1,200 by end of 2019. Along with this, a part of funds will also be used to expand its presence to eight cities including Chennai, Pune, Hyderabad and Kolkata, while ramping up workforce across all f...