UiPath raises $750 mn co-led by Alkeon Capital and Coatue

Robotic Process Automation (RPA) firm UiPath has raised $750 million in Series F funding — co-led by existing investors Alkeon Capital and Coatue.
UiPath at a IT trade eventOther investors include Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T Rowe Price Associates.

UiPath said it will use this funding to deepen its investment in research and development. In July last year, UiPath raised $225 million in its Series E investment round.