The RPA wave continues to rise with another mind-blowing investment for UiPath - $225m in funding led by CapitalG, Sequoia Capital and participation from Accel. Meaning a $3bn valuation for the RPA giant.
The race is on for market share as the RPA market continues its insane growth. Automation Anywhere also achieved $250m in Series A in July.
So why do players in the RPA market achieve such large sums of investment? ... Put simply, it makes sense - they are growing headcount and revenue exponentially. UiPath have grown from 10 people in 2015 to over 1,200 today and plan to expand at an even more aggressive rate. Also, Automation Anywhere are looking to triple the global team people in the next couple of years.
The gloves are off for the big players, so sit back and watch the story unfold. What do you think the future holds for the RPA space?...
Close ScreenUiPath lands $225M Series C on $3 billion valuation as robotic process automation soars