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About Slack
Industries
Consumer Software
Enterprise Software
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2009
Overview
Slack is a collaboration platform that helps teams communicate and work together more effectively. It provides tools for messaging, file sharing, and connecting with other applications, which allows users to streamline their workflows. Teams can send messages in channels or direct messages, share documents, and integrate various third-party apps to enhance their productivity. What sets Slack apart from its competitors is its user-friendly design and the ability for developers to create custom integrations using its APIs. This flexibility allows organizations to tailor the platform to their specific needs. Additionally, Slack offers a free version with limited features, which helps attract new users who may later upgrade to paid plans for more advanced capabilities. The goal of Slack is to improve internal communication and collaboration within organizations of all sizes, making it easier for teams to work together efficiently.
Simplify's Take
What believers are saying
- Increased demand for remote work tools boosts Slack's adoption in hybrid work models.
- The trend towards platform unification benefits Slack's comprehensive suite of integrations.
- Growing emphasis on cybersecurity drives demand for Slack's secure communication platform.
What critics are saying
- Increased competition from Microsoft Teams threatens Slack's market share.
- Economic downturns may lead to reduced willingness to pay for premium subscriptions.
- Data privacy regulations could increase compliance costs for Slack.
What makes Slack unique
- Slack's Workflow Builder enables no-code automation for users with varying technical expertise.
- The platform offers a comprehensive suite of integrations with third-party applications.
- Slack's robust security measures make it a trusted choice for enterprise communication.
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Funding
Total Funding
$29467M
Above
Industry Average
Funded Over
10 Rounds
SoftBank
Accel
Kleiner Perkins
Andreessen HorowitzBenefits
Time off to rest, recharge and volunteer
Exceptional health-care coverage
Holistic programs for well-being, family planning and more
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 0%We have raised a $23.7M Series A to scale our financial collaboration platform for the private markets. We are hiring!
Amy Spurling wasn't planning to raise funding during a pandemic. On Thursday, Compt announced $1.5 million in seed funding from Harlem Capital Partners, Impellent Ventures, and the workplace chat app Slack. Part of the pitch that won over investors, Spurling said, was her experience on the buy side of so many HR benefits and perks vendors over the years. Any of Compt's 35 existing customers can allot budgets for each employee in a given benefits category — say, family wellness. "It won't be a typical recession," Spurling said of the changes coming to the global economy.
WorkRamp, which develops e-learning and in-person tools for upskilling in corporate settings, has raised $40 million.
Slack has improved the layout and added new features for the iPad version of the app.
Slack Fund 3 would continue to invest in early-stage as well as pre-IPO rounds, thus opening itself up to a wide basket of startups.
Slack is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Slack
Industries
Consumer Software
Enterprise Software
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2009
Slack is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today