Robotic process automation ( RPA ) start - up UiPath has raised $ 265 million to develop its web - based software aimed at freeing human workers from mundane and repetitive tasks . The series C funding was led by CapitalG and Sequoia Capital and included funding from IVP , Madrona Venture Group and Meritech Capital . The firm has more than 2,000 customers for its RPA , including the US Army and Navy , NASA , IRS and GSA . UiPath stated it wanted to double a company ’s workforce without it needing to hire new workers , thus saving costs and improving productivity .
Robotic process automation (RPA) start-up UiPath has raised $265m to develop its AI-based software aimed at freeing human workers from mundane and repetitive tasks. The series C round was led by CapitalG and Sequoia Capital and included backing from IVP, Madrona Venture Group and Meritech Capital. The firm has more than 2,000 customers for its RPA, including the US Army and Navy, NASA, IRS and GSA. UiPath said it wanted to double a company’s workforce without it needing to hire new workers, thus saving costs and improving efficiency.