UiPath, the leading Enterprise Robotic Process Automation (RPA) software company, has closed its series C funding co-led by existing investor CapitalG and new investor Sequoia Capital. The company raised $225 million, which currently positions them at a valuation of $3 billion.
UiPath thus deepens its commitment to accelerate real Artificial Intelligence (AI) outcomes through Robotic Process Automation (RPA) for organizations of all sizes. Going from $1M to $100M in annual recurring revenue in less than 21 months, makes it likely to be the fastest growing enterprise software company in history.
UiPath counts more than 1,800 global customers and is adding six new enterprise customers per day; the company expects annual recurring revenue at the end of 2018 to increase by more than four times compared to the end of 2017.