UiPath raises $568M

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Robotic process automation (RPA) software company UiPath has closed a $568 million Series D investment round. The funding was led by Coatue and joined by Dragoneer, Wellington, Sands Capital, and T. Rowe Price.

Existing investors Accel, CapitalG, Sequoia, IVP, and Madrona Venture Group, also participated in the investments.

UiPath has a post-money valuation of $7 billion, the company said in a statement.

[Image courtesy: UiPath]