Robotic process automation startup UiPath announced a new round of funding, confirming earlier reporting from Business Insider.
. SenseTime was last valued at $4.5 billion in a June funding round.
UiPath does robotic process automation, which means it uses software to carry out mundane, repetitive tasks, such as extracting data from bank statements for accounting purposes, to free up human workers.UiPath, headquartered in New York, was founded in 2005 in Romania by Daniel Dines, a former Microsoft employee. The company lists Google, Uber, American Fidelity and the US Navy among its most recent flagship customers., led by CapitalG and Sequoia, that valued the company at $3 billion.
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