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Funds Continue To Flood Into RPA Market

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Robotic process automation software company UiPath closed its Series D investment round raising $568 million at a post-money valuation of $7 billion.

Despite controversies around the capacity of the technology to scale, the ongoing costs of maintaining the code, and the impact on jobs, the RPA market is currently soaking up investment dollars aggressively. In addition to UiPath, UK-based Blue Prism added $120 million to its coffers while Automation Anywhere enjoyed an increase in series A funding from $265 to $550 million late last year.

At the $7 billion valuation, UiPath is one of the fastest growing and highest-valued AI enterprise software companies worldwide.

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