Airtable, the no-code relational databases that has amassed a customer foundation that spans 250,000 diverse companies, has today declared the close of a $270 million in series E funding. The valuation comes out to $5.77 billion write-up-funds, a lot more than doubling its valuation from September, when it elevated $185 million in Series D funding.
This newest round was led by Greenoaks Funds, with participation from WndrCo, as perfectly as current traders Caffeinated Funds, CRV, and Thrive.
The enterprise suggests it ideas to use the funding to accelerate the advancement of its business merchandise and escalating the staff. Also of be aware: Founder and CEO Howie Liu instructed Forbes that he was approached by Greenoaks, fairly than actively seeking funding.
Airtable is a relational databases that quite a few describe as a souped up edition of Excel or Google Sheets. Being this sort of, and having the infrastructure to help an app ecosystem on best of that, usually means that this no-code software can essentially be made use of to produce application. In other text, the use instances are virtually infinite, and so is the possible buyer foundation.
Greenoaks Money partner Neil Mehta fundamentally reported as considerably in the push launch:
We consider Airtable is chasing a massive prospect to turn into the ‘residual’ software program platform for just about every bespoke and customized use circumstance that is both executed manually now or structurally underserved by rigid third-celebration program. By equipping organization customers with fundamental application primitives that can be assembled together into powerful small business programs, Airtable has grow to be central to its users’ day-to-day workflows but at the exact time is scalable and extensible ample to support unbelievably complicated company use scenarios like ticketing, articles management, and CRM.
Airtable has lifted a total of $617 million given that inception, in accordance to Crunchbase.
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