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Software Maker UiPath Raises Funds at $35 Billion Valuation

Company’s valuation rises from $10.2 billion last year
UiPath has said it has filed for an initial public offering

UiPath CEO Daniel Dines — UiPath CEO Daniel Dines
Photographer: Noam Galai/Getty Images

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February 1, 2021, 5:36 PM UTCUpdated onFebruary 1, 2021, 10:17 PM UTC

UiPath Inc. has raised $750 million in a fundraising round that values the automation software maker at $35 billion.

The round was led by Alkeon Capital and Coatue, according to a statement Monday that confirmed an earlier Bloomberg News report. Altimeter Capital Management, Dragoneer, IVP, Sequoia Capital, Tiger Global Management and funds advised by T. Rowe Price Associates Inc. also participated.