Robotic Process Automation — UiPath Secures Series B Funding Worth $153 Million
At CiGen, we work exclusively with UiPath to provide Intelligent Automation solutions and services and usher in the Digital Workforce of the future. We help companies reduce costs, increase accuracy and the availability of data, and achieve scalability through robotic process automation.
As our Executive Director Leigh Pullen mentioned in an interview for the Australian Financial Review, “we ﬁnd UiPath’s technology is top-of-class, enabling fast and accurate automation, and it’s backed by a competitive pricing structure, for both entry level and long-term installations. We were also inspired by UiPath’s vision to strategically evolve beyond purely rules-based automation and towards cognitive and machine learning automation, with the ability to plug in and take advantage of leading AI technologies such as IBM Watson, Google and optical character recognition ABBYY.”
UiPath is a leading enterprise robotic process automation (RPA) software company which has achieved record growth the past year. As a coronation to their success, they’ve just secured a Series B funding worth $153 million that places them at a $1.1 billion valuation.
Accel led both Series A and Series B capital raises, with new investors CapitalG and Kleiner Perkins Caufield & Byers contributing to this round. UiPath seed investors Earlybird’s Digital East Fund, Credo Ventures, and Seedcamp also participated significantly in the round.