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UiPath finds firmer financial footing with pivot to general automation and AI

UiPath was a startup darling with a $35B valuation, but the public markets proved rougher until the company diversified its product line.

UiPath finds firmer financial footing with pivot to general automation and AI

One way to make your staffing cheaper is to reduce it. Another is to make it more productive. That’s where robotic process automation comes in.

Today’s cost-conscious business climate could give RPA a boost

Amid the chaos, there are rays of good news: PagerDuty and UiPath posted impressive earnings reports, and software valuations bounced off recent lows.

Bummed out from the last week? Here’s some bullish news for software companies

So much software is dedicated to helping businesses improve interactions online, whether it be aimed at sales, marketing or customer service. But despite the prevalence of the internet and an…

A tool for analyzing face-to-face sales pitches lands funding from UiPath co-founder

UiPath co-CEO Rob Enslin believes that RPA is just the tip of the automation iceberg.

UiPath co-CEO Rob Enslin still sees plenty of potential despite stock turbulence

Startup founders in Central and Eastern Europe will soon have more dry powder to chase.

More venture funds are betting on Central and Eastern Europe

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Last week we…

Public tech’s espresso shot is quite literally the cloud

Robotic process automation (RPA) company UiPath has acquired Re:infer, a London-based startup that’s developing natural language processing (NLP) tools for enterprises. Terms of the deal were not disclosed. Founded out…

UiPath acquires London-based NLP startup Re:infer

RPA, and companies like UiPath, swooped into on the world of work a few years ago as a catchy way for organizations to help teams automate and speed up repetitive…

TextExpander, which lets users build shortcuts to speed up business communications, raises $41.4M, its first-ever funding

For years, automation has been a key driver of transformation across industries, changing the way companies and entire sectors operate. However, healthcare, a $4.1 trillion industry, has fallen behind.

9 ways founders can bring automation to healthcare

Earlybird VC was one of the “OG” of the emergence of Berlin as a key global tech startup ecosystem 15 years ago. Founded in 1997, it’s gone on to back…

Earlybird VC closes new €350M fund for Western European startups, with a deep-tech angle

Did UiPath’s valuation get hit by the same shrink ray affecting other software companies, or are other factors at work?

TechCrunch+ roundup: Creating financial models, UiPath’s plummet, pitch deck pro tips

Gooood [your time of day] startup fans! It’s a brand new week and we’re flippin’ psyched that it’s… wait, it is May? How’d that happen? In any case – May…

Daily Crunch: Google unveils new options for removing personal data from search results

Just over a year ago, UiPath was among the most favored startups in the world. Last February the company raised a massive $750 million round at a staggering $35 billion…

Getting to the bottom of UiPath’s plunging valuation

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: US dangles reward up to $10M for info on 6 elite Russian military hackers

UiPath, the RPA company that went public a year ago, was once hotter than hot in a space that was sizzling. Consider that it raised $750 million in February, 2021…

UiPath names former Google Cloud exec co-CEO to steer its future

Last year, SEON, which has an anti-fraud platform designed to fight accounts raised a $12 million Series A. It does this by looking at a customer’s ‘digital footprint’ – especially…

Anglo-Hungarian anti-fraud platform SEON pulls in a $94M Series B led by IVP

An ambitious Chinese startup wants a slice of the flourishing global work automation market. Laiye, a Beijing-based company that provides a one-stop platform for automating office tasks of varying degrees…

China’s work automation startup Laiye raises $160M, acquires France’s Mindsay

Sequoia has over the years made a name for itself for its early-stage bets on younger companies, many of which (Apple, Klarna and WhatsApp, to name a few) have gone…

Sequoia debuts Arc, a London/SV program to find and mentor outlier startups, backing each with $1M

Last year robotic process automation (RPA) was all the rage, as we saw market leader UiPath go public at a huge valuation, while larger more established players began to scoop…

Forrester predicts RPA software market growth will begin to flatten next year
Startups

Let’s talk about the SaaS selloff

We’re on the cusp of seeing investing hypothesis backed by hundreds of billions in capital being tested. Not quite yet, but so very close. Watch the markets.

Let’s talk about the SaaS selloff

Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. The new injection came under three years after…

Lightspeed China raises $920M for new funds, adds five partners

The race to automate the world of business is on, and today one of the bigger players in the market has picked up another major round of funding to meet…

Workato storms to a $5.7B valuation after raising $200M for its enterprise automation platform

Draper Esprit, Europe’s only stock market-listed tech VC firm, is changing its name to Molten Ventures after a change in senior personnel and an increasingly distant relationship with the U.S.…

Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures

Battery Ventures’ State of the OpenCloud report provides a set of data points that pretty clearly outline the accelerated growth of cloud services in recent quarters.

We’re still just scratching the surface of the cloud’s potential

Timing is everything in healthcare — yet too often diagnoses, treatments and procedures are held up by paperwork, administrative red tape between patients, clinicians, carers, bookkeepers, insurance companies and others…

Notable, which makes RPA-based tools to speed up healthcare admin, raises $100M at a $600M valuation

There’s nothing like an increasing level of regulations to create spaces for new startups to appear, especially in SaaS. Asset managers, banks and other financial institutions need to calculate their…

Climate accounting platform Persefoni raises $101M Series B led by Prelude and TPG

This year automation hit center stage when robotic process automation (RPA) vendor UiPath went public after raising $2 billion in private investment. Investors who had been a part of that…

We’ll be discussing why it’s automation’s moment at TC Sessions: SaaS on Oct. 27th

We’re less than two weeks out from TC Sessions: SaaS 2021, a day-long exploration of software as a service. If you want to thrive in this tough, competitive market, join…

Even more reasons you need to be at TC Sessions: SaaS 2021

HR technology has been thrown into the spotlight in the last 20 months: COVID-19 has changed the way we work, and so how we manage people in the world of…

Personio, an HR platform for SMEs, raises $270M on a $6.3B valuation, expands into workflow automation