Ukrainian startup AirSlate became a unicorn with a valuation of 1 1.25 billion (UPD)

Startup AirSlate, which creates a service for automating work processes, has attracted a new round of investment with a valuation of 1 1.25 billion. So the company officially became a unicorn. AirSlate plans to increase its staff by 40% this year.

On June 17, airSlate completed a фінансування 51.5 million funding round. Investors: the American G Squared fund and the newly created UiPath Ventures Investment Fund. The Ukrainian startup is estimated at 1 1.25 billion. In addition, UiPath, a developer of enterprise automation software, has become a strategic partner of the Ukrainian startup. Startup AirSlate became the fourth unicorn and is now on a par with GitLab, Grammarly and People.ai. details

Earlier, General Catalyst and Horizon Capital invested Air 30 million in AirSlate in 2019. The company received another бор 50 million in debt financing from the American Silicon Valley Bank.

Airslate was founded by Vadim Yasinovsky, an IT entrepreneur from Ukraine, in 2008. Initially, the startup worked only with PDF documents and was called PDF Filler.

Today, AirSlate is a global SaaS technology company serving more than one hundred million users worldwide. It focuses on developing solutions for automating business processes and managing documents without using code. The team's portfolio includes products such as airSlate, pdfFiller, signNow, and USLegal.

G Squared is a venture fund that invests in the most dynamic companies of our time. G Squared cooperates with portfolio companies throughout their entire lifecycle as a complete provider of capital solutions. The fund helps create value for companies, investors, employees, and other stakeholders. G Squared invests in Uber, 23andMe, Auto1, Bolt, Brex, Coursera, Lyft, Palantir, Pinterest, Spotify, Toast, etc.

UiPath offers an end-to-end automation platform, combining a leading robotic process automation (RPA) solution with a full suite of features that enable each organization to scale digital business operations quickly.

Updated on 17.06.2022 at 18:45

AIRSLATE DOU said that this year the company plans to increase the team by another 40% to support business growth. Recruitment will mainly focus on R&D areas, as well as hiring in marketing and sales to develop new channels of entry to the market.

The company will hire in all five hubs located on three continents. In particular, hiring will take place in Ukraine and Poland, where airSlate recently opened an office in Wroclaw.

Today, AirSlate'S top markets are the United States, Europe, Australia and New Zealand. AirSlate offers a portfolio of horizontal solutions that serve companies of all sizes and industries. Some of AirSlate's most active clients are companies from the education, healthcare, and public sectors.