Tech

ClickUp joins the unicorn club after raising $400M for its all-in-one productivity platform; now valued at $4 billion | Tech News

We coated ClickUp late final 12 months after the San Diego-based process administration software program startup raised $100 million in Series B funding to interchange different office apps throughout a corporation. Since then, the corporate has grown exponentially. Its platform is now utilized by over 200,000 groups worldwide together with groups inside Google, Uber, Nike, and Netflix. ClickUp’s success has additionally caught traders’ consideration with many high-profile VC corporations able to pour tens of millions into the corporate.

At the moment, ClickUp introduced it raised $400 million in a Collection C funding spherical co-led by enterprise capital agency Silicon Valley heavyweights Andreessen Horowitz and expertise funding agency Tiger World Administration, with participation from Lightspeed Enterprise Companions and Meritech Capital Companions. The spherical places the corporate valuation at $4 billion, making ClickUp a member of the extremely coveted unicorn club. The spherical brings the entire quantity raised by the San Diego-based firm to over $535 million.

Based in 2017 by Alex Yurkowski and Zeb Evans, ClickUp presents an all-in-one customizable office productiveness platform that serves all departments throughout a corporation. ClickUp belongs to the latter camp, promoting a $5 per 30 days per person plan (billed yearly), that folks entry to process administration software program, docs and wikis, chat, and integrations with a number of different widespread instruments. It’s a sturdy set of instruments that’s malleable relying on the duty at hand.

Because the introduction of non-public computer systems within the early 80s, productiveness software program has modified the way in which we work and made duties simpler for workplace employees. Productiveness software program is usually used for producing info (reminiscent of paperwork, shows, worksheets, databases, charts, graphs, digital work, digital music, and digital movies.)

Nonetheless, productiveness software program is damaged. We’re now at a degree the place a single group makes use of not less than half a dozen productiveness software program. There are simply too many instruments to maintain observe of, too many issues in totally separate ecosystems. With a plethora of productiveness software program or apps, customers are actually confronted with the challenges of sharing information throughout these instruments. We’ve reached the purpose of what some specialists known as utility sprawl.

ClickUp’s app replaces all of the apps for duties, docs, spreadsheets, aim monitoring, e mail, extra, collectively in a single place. ClickUp is the one productiveness platform that replaces all different office apps throughout a corporation. ClickUp can be utilized by groups inside Google, Uber, Nike, and Netflix.


https://techstartups.com/2021/10/27/clickup-joins-unicorn-club-raising-400-million-one-productivity-platform-now-valued-4-billion/ | ClickUp joins the unicorn membership after elevating $400M for its all-in-one productiveness platform; now valued at $4 billion | Tech Information

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