Summary List Placement
Business are digitizing faster than ever, and turning to no code/low code tools to build the apps to get them there.
Airtable wants to play a major role in that transformation, which led it the recent close of a $185 million Series D funding round, announced on Monday, that values the company at $2.5 billion. That’s more than double the spreadsheet app’s last reported valuation of $1 billion in 2018.
The round was led by existing investor Thrive Capital, with participation from new investor D1 Capital and existing ones Benchmark, Coatue, Caffeinated Capital, and CRV. The announcement brings Airtable’s total funding raised to about $350 million.
As of now, Airtable has 200,000 organizations using the product, and has big ambitions to grow. Earlier this year it opened two new offices in Mountain View and Austin to hire for its engineering, product, and customer engagement teams, and has since grown employee count 137%, up to 280 employees from 118.
The funding round will help Airtable cement its position in the no code/low code market and position itself for future growth, while also staving off competition from competitors like Microsoft and Google — all without having to worry about short-term …read more
Source:: Businessinsider – Technology