Although UiPath is nearly as old as Facebook, it didn’t start raising VC money until 2015. We might have thought there were quite slow and ineffective people working there, but it turned out they were just waiting for the right moment to start their unprecedented growth. Let’s take a look at how the leading vendor skyrocketed in its post-money valuation just for the last 3 years.
2018
- On March 6, UiPath received a $153 million investment from Accel, CapitalG, and Kleiner Perkins Caufield & Byers, valuing the company at $1.1 billion.
- On September 18, UiPath raised $225 million in the funding round led by CapitalG and Sequoia Capital at a $3 billion valuation.
2019
On April 30, UiPath raised $568 million in a Series D round of funding led by hedge fund Coatue Management, with participation from Alphabet’s CapitalG, Sequoia, Accel, Madrona Venture Group, IVP, Dragoneer, Wellington, Sands Capital, and funds advised by T. Rowe Price & Associates. The company also now claims a valuation of $7 billion.
2020
- On July 13, UiPath raised $225 Million at a valuation of $10.2 Billion.
- On December 17, UiPath filed a confidential draft registration statement with the United States Security and Exchange Commission for an initial public offering.
2021
A few days ago, UiPath announced it has closed a $750 million Series F funding round at a post-money valuation of $35 billion. The round was co-led by existing investors Alkeon Capital and Coatue. Other returning investors include Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T. Rowe Price Associates, Inc.
Although UiPath’s fast-tracked growth is undeniable merit of the company’s top management, it also mirrors that of RPA at large, which has absolutely exploded over the last couple of years.
“Automation has become a strategic imperative that is fundamentally changing the way organizations operate. We are excited to co-lead this round of funding, as well as continue to team up with the UiPath team during an important phase for the company.”
Abhi Arun, Managing Partner, Alkeon Capital
