Deals
$10 Billion Robotic Software Firm UiPath Eyes 2021 U.S. IPO
- Romanian-founded startup raised $225 million in capital
- UiPath said it is speeding up plans for a U.S. IPO in 2021
Photographer: John Taggart/Bloomberg
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UiPath Inc., a software maker that helps companies automate repetitive tasks like data entry, is preparing a U.S. initial public offering next year, its chief executive officer said, after closing a funding round valuing it at $10.2 billion.
The financing, which the company announced in a statement, confirmed a Bloomberg News report last month and bumps up UiPath’s valuation from $7 billion last year.