The first investment by the RPA technology producer's new CVC unit is in a $51.5m round valuing workplace automation software developer AirSlate above $1.2bn.

UiPath, the robotic process automation (RPA) software provider that floated in one of last year’s biggest initial public offerings, entered the corporate venture capital space yesterday with the launch of subsidiary UiPath Ventures.

Founded in 2005 and based in the US, UiPath produces RPA technology which links up with products in areas such as customer relationship management or enterprise resource planning to help organisations automate repetitive tasks. It listed on the New York Stock Exchange in a $1.54bn IPO…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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