UiPath raises $568 million at $7 billion valuation

UiPath has raised $568 million in a Series D round of funding led by Coatue, with participation from Dragoneer, Wellington, Sands Capital, and T. Rowe price, the company announced Tuesday.The round values UiPath at $7 billion, confirming Business Insider's earlier reporting, and likely making it the most valuable artificial intelligence startup in the world.UiPath sells robotic process automation software which helps companies automate mundane, repetitive computer tasks that would normally be done by humans.Read more on the Business Insider homepage.UiPath, a swiftly-growing automation software company, has raised $568 million at a $7 billion valuation, the company announced Tuesday.The Series D round was led by hedge fund Coatue, with participation from Dragoneer, Wellington, Sands Capital, and T. Rowe Price. Venture capital firms Accel, CapitalG and Sequoia, who are all earlier investors in the startup, also participated in the round.The announcement confirms earlier reporting from Business Insider.At $7 billion, UiPath officially surpasses Chinese firm SenseTime as the world's most valuable artificial-intelligence startup. SenseTime was last valued at $4.5 billion in a June funding round.UiPath does robotic process automation, which means it uses software to carry out mundane, repetitive tasks, such as extracting data from bank statements for accounting purposes, to free up human workers.Read more: Leaked numbers reveal massive revenue growth at UiPathUiPath, headquartered in New York, was founded in 2005 in Romania by Daniel Dines, a former Microsoft employee. The company lists Google, Uber, American Fidelity among its most recent flagship customers.The new funding comes less than a year after UiPath announced a $225 million Series C round, led by CapitalG (formerly Google Capital) and Sequoia, that valued the company at $3 billion.With the large funding rounds has come a ton of growth. Sources told Business Insider back in January that the firm would soon hit $200 million in annual recurring revenue, up from $3.5 million in 2016.

UiPath在Coatue领导的D轮融资中募集了5.68亿美元，该公司周二宣布参与由Dragoneer，惠灵顿，Sands Capital和T. Rowe公司提供的资金。该公司将UiPath评为70亿美元。确认Business Insider的早期报告，并有可能使其成为世界上最有价值的人工智能创业公司.UiPath销售机器人过程自动化软件，帮助公司自动化通常由人类完成的平凡，重复的计算机任务。阅读更多关于Business Insider该公司周二宣布，UvPath是一家增长迅速的自动化软件公司，以70亿美元的估值筹集了5.68亿美元.D系列由对冲基金Coatue领导，参与者包括Dragoneer，Wellington，Sands Capital和T Rowe Price。风险投资公司Accel，CapitalG和Sequoia，他们都是创业公司的早期投资者，也参与了这一轮。该公告证实了Business Insider先前的报道。在70亿美元的情况下，UiPath正式超越中国公司SenseTime成为世界上最有价值的人工 - 情报启动。 SenseTime在6月的一轮融资中的最后价值为45亿美元.UiPath进行机器人过程自动化，这意味着它使用软件执行平凡的重复性任务，例如从银行对账单中提取数据用于会计目的，以释放人工。更多：泄露的数字显示UiPathUiPath的总收入增长，总部位于纽约，由前微软员工Daniel Dines于2005年在罗马尼亚成立。该公司将谷歌，优步，美国富达列为最近的旗舰客户。新资金来自UiPath宣布以CapitalG（前谷歌资本）和红杉资本为首的2.25亿美元C轮融资后不到一年的时间。该公司的估值为30亿美元。随着大量融资，大量增长。消息人士在1月份告诉Business Insider，该公司很快就会在每年的recu中达到2亿美元环比收入，高于2016年的350万美元。