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Automation software maker UiPath raises $750M led by Alkeon Capital and Coatue, valuing the company at $35B

Katie Roof / Bloomberg :

Bloomberg Katie Roof

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  • @mukund Mukund Mohan on x
    New trick that tech cos are adopting in addition to “SPACs”. Raise round just before your IPO at a HUGE valuation - e.g. Databricks, Roblox, UIPath - in some cases 3-7X last round valuation in < 12 mo. Sets up public market investors for high valuation https://www.bloomberg.com/.…