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Robotic process automation platform has filed confidentially for an IPO.

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Bloomberg news of the filing, which was then confirmed in a by UiPath.听

The company, which is based in New York, has raised around $1.2 billion in funding and is backed by investors including and . It most recently raised money with a $225 million led by听

Next year is already looking to be robust in terms of IPOs. As Crunchbase News previously reported, the IPO pipeline for December 2020 and early 2021 was expected to be strong, given the low volatility and high valuations for companies. December has already seen high-profile companies like and go public, with their stocks surging on their first days of trading.

鈥淧ay later鈥� lender and gaming platform recently filed S-1 statements publicly and were to have pushed their IPOs to 2021, and clothing resale marketplace filed its S-1 publicly on Thursday, likely lining it up for an early 2021 IPO. Cryptocurrency platform also said it filed for a confidential IPO, and on Friday that dating app is making plans for an IPO in February 2021.

Illustration: Li-Anne Dias听