UiPath raises $225M

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Robotic process automation (RPA) company UiPath has closed a Series E investment round, raising $225 million. The round was led by Alkeon. Others participating include Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington, and funds and accounts advised by T. Rowe Price Associates.

The Series E funding pegs UiPath at a $10.2 billion valuation. says the company.

[Image courtesy: UiPath]