$1B software firm signs office lease at Vornado’s 90 Park

UiPath taking 26K sf in 41-story tower

90 Park Avenue and Steve Roth
90 Park Avenue and Steve Roth

A business software company that just raised $153 million is planning to move into 26,000 square feet of office space at Vornado Realty Trust’s 90 Park Avenue.

UiPath, which was founded in Bucharest in 2005, plans to move 100 employees to the Park Avenue tower in May, Crain’s reported.

The company, which specializes in the fast-growing sector of robotic process automation, moved last year into a WeWork space in Midtown. UiPath is valued at $1.1 billion following its Series B funding round.

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Tenants in Vorando’s 41-story, 880,000-square-foot building include Compass and PricewaterhouseCoopers, which inked a deal in 2016 for 240,000 square feet in the building. [Crain’s]Rich Bockmann