Airtable funding rounds11/29/2023 ![]() ![]() Over time, however, Airtable has been expanding to make itself into a no code/low code platform, allowing even non-developers to build simple apps with little to no programming required.Īt the same time, however, it will have to beat the competition. It's found a base of avid fans who use it for everything from project management, to productivity, to organizing their home libraries and collections. And then ultimately continue to differentiate and win the space against a field of increasing competition."Īirtable is seen as a hybrid between a traditional Microsoft Excel-style spreadsheet and a more sophisticated, traditional database. "The first thing is we're really trying to step up just our ability to execute, deliver on more and more product value for our customers. And we have a lot of innovation and velocity, but there are going to be competitors," Liu told Business Insider. "This is a huge opportunity and we're currently the pioneer in it. 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 economic pressures amid the pandemic, CEO Howie Liu said. 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 announcement brings Airtable's total funding raised to about $350 million.Īs of now, Airtable has 200,000 organizations using the product, and has big ambitions to grow. 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. That's more than double the spreadsheet app's last reported valuation of $1 billion in 2018. Visit Business Insider's homepage for more stories.īusiness are digitizing faster than ever, and turning to no code/low code tools to build the apps to get them there.Īirtable 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.This comes as the company sees strong demand for its enterprise business as companies across industries look to digitize amid the pandemic, Liu said.With a slew of new features also announced Monday, Liu says that Airtable is continuing to move beyond its roots in spreadsheets, and turning into a low-code/no-code platform for people to build their own simple apps.The funding is meant to help Airtable cement its standing in the market and position itself for future growth, while fighting off competition from the likes of Microsoft and Google, CEO Howie Liu told Business Insider.Popular spreadsheet app Airtable has closed a new $185 million Series D funding round recently that values the spreadsheet company at $2.5 billion - more than double its last reported valuation of $1 billion in 2018.Account icon An icon in the shape of a person's head and shoulders.
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