CapitalG-backed UiPath is in the process of raising $400m in a round that will be led by an unnamed public institutional investor at a $7bn valuation.
UiPath, the US-based robotics programming technology provider backed by internet and technology group Alphabet, is looking to raise $400m in funding at a $7bn valuation, TechCrunch reported yesterday.
The valuation had originally been reported by Business Insider, before undisclosed sources confirmed it to TechCrunch along with the targeted close and news that the round is set to be led by a public institutional investor.
Founded in 2005, UiPath has built a robotics processing automation platform that helps users automate mundane…
