UiPath’s new venture arm backs workflow automation startup AirSlate
- Founded by Ukrainian Vadim Yasinovsky and based in the USA workflow automation company airSlate (ex-PDFiller) has raised $51.5 million in a funding round that values the startup at over $1 billion.
- G Squared led the equity round with participation from UiPath, making AirSlate the first portfolio company for UiPath’s newly launched, previously unannounced UiPath Ventures arm.
- As a part of the UiPath investment, AirSlate CEO Borya Shakhnovich said that AirSlate will form a “strategic technology partnership” with UiPath, which will provide resources including technical expertise.
- UiPath, which is one of the largest RPA vendors, saw its market cap drop from $35 billion to $15 billion within the span of a year.
- Last year the company raised $50 million.
Read more via TechCrunch
Support TechUkraine team here.
- Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.
- MacPaw Development Fund
- Army SOS, which develops drones;
- Everybody Can, an organization that supports internally displaced people;
- Help on the Ministry of Defense website.