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Robotic Process Firm UiPath Worth $7 Billion After Investment

  • UiPath Gets $568 million from Coatue, T. Rowe Price and others
  • Company’s software automates repetitive business tasks

UiPath, a closely held New York-based software maker that helps companies automate routine processes, said it’s valued at $7 billion following a new funding round.

Coatue Management led the $568 million investment. Coatue was joined by Dragoneer Investment Group, Wellington Management, Sands Capital and funds managed by T. Rowe Price Associates Inc. Previous investors, including Accel Partners, CapitalG, Sequoia, IVP and Madrona Venture Group, also participated, UiPath said.