UiPath Acquires Traverse Portfolio Company Cloud Elements

March 26, 2021

Cloud Elements, a Traverse Fund III portfolio company, has been acquired by UiPath, a global leader in enterprise automation software for an undisclosed amount. The acquisition will help propel UiPath to the next level by utilizing Cloud Elements technology which helps making API-based integrations fast and efficient. The exit marks an early harvest for Traverse Fund III, which is only a 2016 vintage, proving out its investment thesis of investing in leading, disruptive technology companies.

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