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  • Wednesday, December 25, 2024

RPA Company UiPath Files to Go Public

UiPath, a New York-based robotic process automation company, confidentially filed with the Securities and Exchange Commission a draft registration statement for its planned public offering.

The software company said Thursday it has not yet determined the number of shares and price range for the proposed offering of its Class A common stock, which will begin once SEC completes its review process.

UiPath announced in July that it raised $225M in Series E funding round. The company said then that it would use the investment to advance its hyperautomation platform, perform research and development work and expand its cloud offerings.

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