Coefficient

Coefficient

Connects spreadsheets to live data sources

About Coefficient

Simplify's Rating
Why Coefficient is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series A

Total Funding

$24.7M

Headquarters

Palo Alto, California

Founded

2020

Overview

Coefficient.io provides a SaaS platform that connects spreadsheets to cloud data sources to simplify data analysis. It pulls live data into Google Sheets with one-click connections, automating data synchronization and reducing manual updates. It differentiates itself by focusing on live data in Sheets with ready-made dashboards rather than heavy ETL pipelines. Its goal is to help teams get faster, more reliable insights while saving time on data management.

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Simplify's Take

What believers are saying

  • 400% revenue growth in 2022 fuels expansion into Excel integration.
  • Spreadsheet Template Gallery boosts user engagement with pre-built dashboards.
  • $18M Series A and $6.7M seed fund new automation features.

What critics are saying

  • Google Sheets Gemini AI integration obsoletes third-party connectors in 6-12 months.
  • Microsoft Copilot in Excel erodes dual-platform appeal in 3-9 months.
  • Datacoefficient.com steals mid-market clients with superior AI integrations.

What makes Coefficient unique

  • Coefficient connects Google Sheets to 100+ systems like Snowflake with one-click sync.
  • No-code platform enables two-way data pushes back to CRMs like Salesforce.
  • AI-powered dashboards and browser agents scrape live data from sites like LinkedIn.

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Funding

Total Funding

$24.7M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$18M
Coefficient
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Parental Leave

401(k) Retirement Plan

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

4%
Newcomer
Apr 3rd, 2026
Anthropic acquires stealth Dimension-backed Coefficient Bio for $400M in stock

Anthropic has acquired Coefficient Bio, a Dimension-backed stealth startup, in a deal valued at just over $400 million in stock. The eight-month-old company was developing AI models for biological research, aiming to create artificial superintelligence for science. Coefficient Bio's team is joining Anthropic's Health Care Life Sciences division led by Eric Kauderer-Abrams. The startup, which was half-owned by venture capital firm Dimension, had remained largely under the radar since its founding. Dimension is reporting a 38,513% internal rate of return on the investment. Co-founder Samuel Stanton had previously described the company's mission as "ushering biopharma into the Intelligence Age". The acquisition marks Anthropic's continued expansion into scientific applications, following previous purchases of Bun and Vercept. Both Dimension and Anthropic declined to comment on the deal.

Coefficient
Feb 11th, 2024
Google Sheets People Chips: Enhancing Collaboration with Smart Mentions

Google Sheets introduces People Chips, a game-changer for collaboration.

African Newspapers of Nigeria PLC
Nov 13th, 2023
Coefficient partners with foremost real estate firm for 70 New Housing Units in Ikeja

Coefficient has partnered with Evermark Homes to bring 70 cutting-edge housing units to Ikeja.

Business Wire
Nov 10th, 2022
Coefficient Raises $18M Series A To Bring The Power Of Data And Automation To Spreadsheet Users, Announces New Product Plans

Coefficient co-founders Navneet Loiwal and Tommy Tsai saw an opportunity to create data and reporting-automation tools intended for the business user that make existing spreadsheets smarter by providing connectivity to live and automated data from the systems they use every day. (Photo: Business Wire). Coefficient co-founders Navneet Loiwal and Tommy Tsai saw an opportunity to create data and reporting-automation tools intended for the business user that make existing spreadsheets smarter by providing connectivity to live and automated data from the systems they use every day. (Photo: Business Wire)

TechCrunch
Nov 10th, 2022
Coefficient Wants To Bring Live Data Into Your Existing Spreadsheets

With the explosive adoption of software-as-a-service (SaaS) apps, the average company now has more than 100 SaaS apps to manage — leading to data being siloed across countless different systems. That makes analysis challenging. To wit, according to Forrester, between 60% and 73% of all data within an enterprise goes unused for analytics. Ideally, analysts need something that connects disparate enterprise systems, like business intelligence and analytics tools. But these tools are often complex and unintuitive, leading employees to spend hours each day searching and gathering information. In search of an answer, Navneet Loiwal teamed up with Tommy Tsai, with whom he’d previously founded an e-commerce app, to build Coefficient, an app that brings live data into Google Sheets and other existing spreadsheet platforms

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