The company was last valued at $5.8B in March 2021. Here are the top-line bullets you need to know.
Airtable, a workplace productivity startup, has raised $735M in a Series F round that drew participation from Benchmark, Salesforce Ventures, D1 Capital Partners, MSD Capital, Thrive Capital, and Franklin Templeton, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Airtable enables finance, marketing, and other non-technical teams to create workplace applications that meet their various needs — such as spreadsheet creation, content calendar management, and inventory tracking.
- The company has reportedly created 15M+ bases — i.e., workbooks that contain all of the information required for a specific project.
- It caters to roughly 300K organizations, including Netflix, Time, Medium, Expedia, Cole Haan, and Shopify.
Source: Airtable
WHY DOES THE MARKET MATTER?
- The global productivity management software market is expected to reach a value of $119.7B by 2028, growing at a CAGR of 14.2%, according to Grand View Research.
- The rise of AI and ML technologies and the growing adoption of cloud computing have contributed to market growth.
- Additionally, the demand for solutions to manage tasks and workflows has risen amid the Covid-induced shift to distributed/remote workforce models.
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