UiPath, a startup launched in Bucharest, reaches USD 35 bln valuation before listing

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(The Romania-Insider)

UiPath, the biggest Robotic Processing Automation (RPA) company in the world, founded by Romanians Daniel Dines and Marius Tarca in an apartment in Bucharest, in 2005, has reached a valuation of USD 35 billion after a Series F financing round.

It has drawn another USD 750 million from investors such as Alkeon Capital and Coatue, as well as Altimeter Capital, Dragoneer, IVP, Sequoia, and Tiger Global. Thus, in the last four years, the company has managed to draw close to USD 2 billion from large VC funds and investors to finance its fast growth.

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