UiPath raises $568 million in series D investment round

US-based IT company UiPath Tuesday said it has raised $568 million at a total valuation of $7 billion in series D investment round led by Coatue.

The lead investor was joined by “Dragoneer, Wellington, Sands Capital, and funds and accounts advised by T Rowe Price Associates, Inc, Accel, CapitalG, Sequoia, IVP and Madrona Venture Group”. The company, which provides robotic process automation, said it will invest in India to train 5 lakh people on its technology.

“India is in a prime position to become an RPA powerhouse, because of the rapid adoption of RPA (robotic process automation) and AI and the growing talent pool. We are committed to investing in India to realize our global vision of ‘A Robot for Every Person’ and create a talent base of over 5,00,000 automation-trained professionals,” Raghu Subramanian, President and CEO of UiPath India said.