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Robotics innovator UiPath snags venture capital, valuation reaches $7 billion

Apr 30, 2019 - New York Business Journal

Robotics company UiPath has closed a Series D investment round, propelling the New York-based startup to a valuation of $7 billion.

Coatue, a hedge fund (also based in New York), led the $568-million effort. The firm was joined by Dragoneer, Wellington, Sands Capital, and funds advised T. Rowe Price Associates Inc.

Venture capital firm Accel, which led UiPath's series A and B rounds, also participated along with existing investors Sequoia, IVP, Madrona Venture Group and CapitalG, the...