My latest story: Other startups love Linear. Will bigger companies, too?
A maker of project software popular with other startups like Cohere and Ramp, Linear has raised $35M in Series B funding led by Accel. It's now valued at about $400M, sources told me for Forbes.
Linear's unusual in that it was already profitable for two years and had negative net burn -- meaning it has more money in the bank than it's raised. Until recently, it had just one salesperson, and it's spent just $36K on marketing over its four years of existence, CEO Karri Saarinen told me.
Founded by 3 Finns and fully-remote, Linear added former First Round Capital partner and Stripe and Notion veteran Cristina Cordova to lead go-to market earlier this year. A who's who of other tech leaders like Dylan Field, Patrick Collison, Dick Costolo and Claire Hughes Johnson are personal backers.
Now Linear is looking to push into bigger businesses, while expanding its tools to cover more points in the product life cycle -- something that excited Accel's Miles Clements. Customers like Job van der Voort of Remote and Anil Varanasi of Meter told me they're big fans... but the question is whether Linear can grow up without losing its magic.
해시태그#startups 해시태그#venturecapital 해시태그#funding 해시태그#fundraising 해시태그#VC 해시태그#developers 해시태그#developertools 해시태그#engineering 해시태그#software 해시태그#productdevelopment 해시태그#product 해시태그#projectmanagement 해시태그#productledgrowth 해시태그#PLG 해시태그#tech 해시태그#technology 해시태그#remotework 해시태그#DevOps
A maker of project software popular with other startups like Cohere and Ramp, Linear has raised $35M in Series B funding led by Accel. It's now valued at about $400M, sources told me for Forbes.
Linear's unusual in that it was already profitable for two years and had negative net burn -- meaning it has more money in the bank than it's raised. Until recently, it had just one salesperson, and it's spent just $36K on marketing over its four years of existence, CEO Karri Saarinen told me.
Founded by 3 Finns and fully-remote, Linear added former First Round Capital partner and Stripe and Notion veteran Cristina Cordova to lead go-to market earlier this year. A who's who of other tech leaders like Dylan Field, Patrick Collison, Dick Costolo and Claire Hughes Johnson are personal backers.
Now Linear is looking to push into bigger businesses, while expanding its tools to cover more points in the product life cycle -- something that excited Accel's Miles Clements. Customers like Job van der Voort of Remote and Anil Varanasi of Meter told me they're big fans... but the question is whether Linear can grow up without losing its magic.
해시태그#startups 해시태그#venturecapital 해시태그#funding 해시태그#fundraising 해시태그#VC 해시태그#developers 해시태그#developertools 해시태그#engineering 해시태그#software 해시태그#productdevelopment 해시태그#product 해시태그#projectmanagement 해시태그#productledgrowth 해시태그#PLG 해시태그#tech 해시태그#technology 해시태그#remotework 해시태그#DevOps
Siemens has signed an agreement to acquire Altair, a leading provider of #software in the industrial #simulation and analysis market. With this acquisition we strengthen our position as a leading technology company and the leader in industrial software and #AI.
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