Robotic software company UiPath claims to likely be the fastest-growing enterprise software company in history, after seeing its valuation rise to $3bn (£2.2bn) in its latest funding round.
UiPath saw its valuation jump after raising $225m in a Series C investment round, some of which it says it will spend on widening its partner ecosystem.
The US-based company had previously raised $153m in a Series B funding round earlier this year, which in turn raised its valuation from $140m to $1.1bn.
Founded in 2005 by Daniel Dines and Marius Tirca, the company provides a platform for robotic process automation (RPA), which executes repetitive business processes.
Dines, also CEO of UiPath, said: "We are enabling a future where employees at every organisation are empowered to automate tedious and time-consuming work, enabling them to focus on creative, challenging problems.
"We are delighted by the strong support of our customers, partners and investors towards making this future of automation a reality.
"UiPath is driven by the incredible potential for our platform to be the gateway to transform our customers' digital business operations with machine learning and artificial intelligence."
The US-based company reported that it had increased its annual recurring revenue from $1m to $100m in July, claiming to have done this faster than any other enterprise software company.
The firm plans to use the funding to accelerate its product development, along with widening its partnership ecosystem and investing in M&A opportunities.
It will also use the money to broaden the role of RPA in enterprise process automation initiatives.
The RPA vendor counts 1,800 customers worldwide, and projects that it will end 2018 with more than 1,700 employees - a threefold increase in 12 months - with operations across 16 countries, including the UK.
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