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Artificial Intelligence Continues Its Fundraising Tear In 2018

Meanwhile, UiPath-an enterprise robotic process automation (RPA) software company- brought in $153 million in a massive Series B round led by previous investor Accel. UiPath said the round pushed it into unicorn status and followed a record year of growth. Specifically, the startup said its enterprise customer base surged to more than 700 in 2017 from less than 100 customers at the beginning of the year. UiPath helps those businesses automate mundane tasks in back-office IT systems to free up employees’ time to focus on work that AI systems and software cannot do.

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