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UiPath Raises $30 Million as Battle for Enterprise AI Heats Up

  • Software automation increasingly threatens big BPO firms
  • Accel leads investment as its B2B portfolio further expands

UiPath, a New York-based company that uses computer-vision to automate repetitive business processes involving software, has raised $30 million to help expand globally.

The move comes as companies increasingly look to artificial intelligence to solve the sorts of routine tasks, such as checking invoices and inputting data from human resource forms into databases, that they once outsourced to low-cost human contractors.