With Apps, such users can use JavaScript to build additional functionality into their tables.īy adding this feature, Airtable has moved from being a “no-code” product to a “low-code” solution. Whereas previously users could add prebuilt features to their tables, a point came when sophisticated customers needed to do more with the platform. The company also announced its Airtable Apps, a platform dedicated to the creation of custom applications, Airtable Automations for the automation of work, and Airtable Sync to enhance collaboration between users. The funding followed a mostly digital process and commenced a couple of months after “shelter in place” commenced in California. Airtable has a post-money valuation in the range of 10B+ as of Dec 13, 2021, according to PrivCo. Salesforce Ventures and Silver Lake are the most recent investors. “While we didn’t strictly need the funding, it allowed us to continue to invest aggressively into furthering our platform, vision and really executing aggressively, without having to worry about, ‘well, what happens with COVID?’” he commented. Their latest funding was raised on from a Secondary Market round. That figures because Liu revealed to TechCrunch that investors had evinced keen interest in the company and its potential in a low-code/no-code market. It counts big names such as HBO, Robinhood Markets, and Netflix (NASDAQ: NFLX), TIME, and IBM (NYSE: IBM) amongst its users.Īccording to founder and CEO Howie Liu, there is “easily a $ 100 billion opportunity ahead of us.” Airtable did not need the funding Though Google Sheets and Microsoft Excel are formidable competitors, Airtable has already racked up over 200,000 business customers. That has helped Airtable’s business which offers spreadsheets that are more like databases and come in a user-friendly, no-coding-required format suitable for businesses and consumers. The coronavirus pandemic forced large sections of the global workforce to work from home. This latest round was led by Greenoaks Capital, with participation from WndrCo, as well as existing investors Caffeinated Capital, CRV and Thrive. Thrive Capital led the current Series D round which also saw participation by existing investors including Benchmark and Coatue Management. The valuation comes out to 5.77 billion post-money, more than doubling its valuation from September, when it raised 185 million in Series D funding. The funding brings the startup’s total fundraising to over $350 million. Spreadsheet reinventor Airtable more than doubles its previous valuation of $1.1 billion in 2018.Īirtable, whose products deliver the power of a database with the familiarity of a spreadsheet, has raised $185 million according to Bloomberg.
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