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.
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