The Alphabet and Tencent-backed automation software producer, valued at $35bn as of last month, has filed for a $1bn offering.

US-based robotic process automation (RPA) technology provider UiPath filed for a $1bn initial public offering on Friday that would represent an exit for internet technology conglomerate Alphabet and internet group Tencent. UiPath produces RPA software which enables systems to replicate human behaviour, automating a range of business processes. It has almost 8,000 customers and made…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.