UiPath in Talks for Funding at $10 Billion-Plus Value

A significant jump from its last funding round in April 2019 when it said it was valued at $7 billion.

UiPath is looking to expand as more companies during the pandemic have been looking to use automation to cut costs. Some of its software has been used in hospitals and during health-care projects to help with Covid-19, according to UiPath’s website.

Chief Executive Officer Daniel Dines said in an email in March that UiPath’s clients in retail, health care, and finance were using its services to manage “drastic shifts in demand” caused by the pandemic.

Dines said in February that the company had an initial public offering in its sights.

UiPath’s fundraising plans could still change, said the people, who asked not to be identified because the matter is private.

Read more here on Bloomberg

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