![]() In its simplest form, Airtable’s software enables employees to create custom spreadsheets that go beyond just numbers. These tools have been adopted by clients including Amazon, Shopify, IBM, Twilio, LVMH, Netflix, Nike, RH and Under Armour. Moreover, the company landed a spot on CNBC’s Disruptor 50 list due to its innovative technology. Airtable Ranks #33 on CNBC Disruptor 50Īirtable landed itself a spot on the CNBC Disruptor 50 list this year. It’s no surprise that the company is among the leaders in the cloud computing industry. Moreover, Airtable is showing no signs of slowing down anytime soon. With the opening of its first international headquarters in London on February 1st, the company is expanding its services into Europe, the Middle East and Africa. The company’s international expansion will scale its business to help compete with industry giants like Asana, Smartsheet and. In addition, there is also top-down pressure from giants like Microsoft, Google and Amazon. However, CEO Howie Liu is unfazed by the competition, telling CNBC… These companies are battling it out for a full suite of cloud services, investing heavily in their low-code offerings. It is a huge, huge category, ripe for the taking. We can own the biggest chunk of this enterprise opportunity. Moreover, Liu said Airtable will “go public once we’ve shown we can dominate this category.” Moreover, Airtable is currently presenting impressive financial figures as a private company. So, this presents a unique opportunity for the Airtable IPO. Airtable IPO: A Look at the FinancesĪccording to Liu, Airtable has already reached nine figures in revenue and is growing enterprise revenue at 100%. This is because “more and more departments and teams within each company” are using the software, Liu said.įurthermore, the start-up’s net-dollar retention, or its total recurring revenue from existing customers, is greater than 130%, according to CNBC. Moreover, Airtable’s business valuation has skyrocketed in recent years. And this looks promising for the Airtable IPO. With a $100 million funding round in November 2018, Airtable entered unicorn territory at a business valuation of $1.1 billion. Today, Airtable is worth 10 times that amount, thanks to $735 million in a Series F funding round led by XN in December 2021. The funding round included Franklin Templeton, J.P. Morgan Growth Equity Partners, Michael Dell’s MSD Capital, Salesforce Ventures and Silver Lake. ![]() Rowe Price Associates also joined the round, according to Airtable. This funding round brought the San Francisco-based company a staggering valuation of $11 billion. Among the list of the world’s most valuable startups, Airtable landed at number 39 with its impressive valuation. At the time of the funding round, Liu told CNBC… Further, the company’s valuation is bringing investors closer to the Airtable IPO. This round really gives us financial freedom as a company. This bridges us to profitability and allows us to time an IPO at the time that’s ideal for us as a company.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |