UiPath, a US-based company originating from Romania, has obtained $30 million funding in Series A round led by Accel, a VC firm that has previously backed iconic platforms such as Dropbox, Etsy, Facebook, Slack, and Spotify. Other investors include Earlybird Venture Capital, Credo Ventures, and Seedcamp. The company plans to use the funding to accelerate their global expansion, especially in South-East Asia.

UiPath deals with Robotic Process Automation (RPA) – they build intelligent software robots that help businesses automate repetitive processes, such as employee onboarding or claims handling for insurance providers. UiPath provides tools that allow digitizing these repetitive processes in HR, finance, accounting, and operations. Thanks to their product, employees can focus on creative work instead of performing the mundane task during their work time.

“This investment will allow us to introduce the benefits of intelligent RPA to even more businesses around the world and remain at the forefront of a rapidly-advancing industry,” said Daniel Dines, CEO and founder of UiPath. “We are making work more inspiring and effective for the people that drive our businesses and economies forward, and the potential that remains untapped for organizations is what makes this such an exciting market to work in.”

Since the beginning of UpPath’s existence in 2012, the company has gathered 200 global customers (75% of which register revenues exceeding 10 billion dollars) in industries ranging from banking, financial services, and insurance through to manufacturing, utilities, healthcare and government. They also have over 150 partners across the globe, including consulting giants such as Deloitte. The investment will help them keep scaling up – their products are already being sold in North America, Western Europe, India, Japan and South East Asia. The funding will also be used to further expand the team on the South-Asian markets, including Singapore, their most recent branch.

One of the UiPath’s goals for the nearest future is to continue developing their Artificial Intelligence capabilities, especially the computer vision technology, which is the core of their product. Additionally, the company will focus on cognitive capabilities enabling organizations to handle the vast amounts of structured and unstructured data required to deliver truly intelligent automation.

“UiPath is the backbone for the intelligent enterprise,” commented Luciana Lixandru, a partner at Accel. “Daniel’s clear and ambitious vision for the company has helped drive impressive traction in a short period of time. Many enterprises around the world are recognizing how its RPA software can make their business smarter, and yet UiPath has only scratched the surface.”