Slack successfully raised $250 million from investors and most of it was from SoftBank’s Vision Fund. The latest round puts the company’s total funding raised to $841 million and its valuation at $5.1 billion (including cash raised). Slack was previously valued at $3.8 billion.
Slack is growing more than 100% annually and $200 million in annual recurring revenue. “If it was 10 years ago we’d be public by now,” Butterfield tells Richard Waters. The CEO of Slack says an IPO will come after 2018.
The Slack platform connects teams with the apps, services, and resources they need to get work done. Launched in 2014, Slack is the fastest growing business application in history. Millions of people around the world use Slack to bring their teams together, make sense of their work, and drive their business forward.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.