![]() Tech site the Information previously reported some details of the funding round. Investors put $270 million into the company in March at a $5.8 billion valuation. About 80% of companies in the Fortune 100 are paying customers, Liu said.Īirtable’s valuation has climbed quickly. ![]() Like many workplace productivity tool companies, Airtable has seen demand surge during the pandemic and now counts more than 300,000 active customers including International Business Machines Corp., Hulu and Netflix Inc. More than 30% of Airtable’s active users currently pay, and the company’s annual recurring revenue is north of $100 million, Liu said. Similar to Dropbox, Slack and other workplace tools, Airtable offers a basic free version and generates revenue from subscriptions for more advanced tools and services. Existing investors agreed to participate in roughly two weeks. New York-based hedge fund XN led the financing, which Liu said came together quickly. Build powerful work apps, without coding At Airtable, we enable teams to build solutions that perfectly fit their needs, whether they’re herding cattle or filming a blockbuster movie. Airtable’s tools allow finance, marketing and other non-technical workers to easily build their own apps. Our powerful, visual platform helps companies like Netflix, Shopify and GitHub connect all their data, workflows and teams in a single source of truth. and allow the company to open its first non-U.S. Build powerful work apps, without coding At Airtable, we enable teams to build solutions that perfectly fit their needs, whether they’re herding cattle or filming a blockbuster movie. The latest funds will bolster Airtable’s back-end infrastructure, increase integrations with services like Inc. Liu said the company plans to go public in “a couple years.” Get information on the Airtable CEO and leadership team - read bios, learn about Airtable leadership. "Having personally used Airtable and seen firsthand how revolutionary its impact is, I look forward to working with the team as they transform how every enterprise in the world operates.“This round bridges us to profitability,” Airtable Chief Executive Officer Howie Liu told Bloomberg. "I'm inspired by Howie's bold vision for the future of work and energized by the opportunity to partner closely with him on the journey ahead,” said Jeffrey Katzenberg, founder and managing partner of WndrCo. “By equipping business users with fundamental software primitives that can be assembled together into powerful business applications, Airtable has become central to its users’ everyday workflows but at the same time is scalable and extensible enough to support incredibly complex enterprise use cases like ticketing, content management, and CRM.” “We believe Airtable is chasing a massive opportunity to become the ‘residual’ software platform for every bespoke and custom use case that is either performed manually today or structurally underserved by rigid third-party software,” said Neil Mehta, managing partner at Greenoaks Capital. The new investment round was led by Greenoaks Capital, with additional participation from new investor WndrCo and existing investors Caffeinated Capital, CRV, and Thrive. With 300K customers (inc 80 of Fortune 100), over 200K new users joining each month, Airtable's no/low code platform is democratizing software development & truly re-writing how tomorrow works. “This additional capital will enable us to scale up to even more sophisticated use cases, invest in the reliability of our service, and focus on the long-term opportunities ahead of us.” Building out the EMEA region at one of the hottest companies to come out of the Valley. Its headquarters is located at San Francisco, California, USA. “We’re part of a profound shift where a half billion apps will be created over the next few years, most of them with low-code platforms like Airtable,” said Howie Liu, co-founder and CEO of Airtable. The position of the Co-Founder & CEO is occupied by Howie Liu. Today, millions of users across 250,000 organizations – including Netflix, Red Bull, IBM, and Under Armour and more than half of the Fortune 1,000 – use Airtable. Over the past year, the company’s enterprise customer base grew by 3.4x and 13,000 net new paid customers joined the platform. The new funding will be used to accelerate Airtable’s development of enterprise-grade product capabilities and infrastructure, as well as to grow its team across critical functions.Īirtable has seen increased demand from enterprises looking to work in more flexible, visual ways. ![]() Step 4: Select the data you want to send from one app to the other. Step 3: Choose a resulting action from the other app. Step 2: Pick one of the apps as a trigger, which will kick off your automation. ![]() Airtable announced today it raised $270 million in Series E funding at a $5.77 billion post-money valuation. Step 1: Authenticate Airtable and LinkedIn. ![]()
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