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About
Smartsheet provides work management and automation solutions through its cloud-based platform, which helps businesses streamline operations, manage projects, and enhance collaboration. Users can create, share, and manage workflows that are customizable to fit their specific needs. The platform integrates with other popular applications, making it a versatile tool for various industries, including technology, healthcare, finance, and education. Unlike many competitors, Smartsheet operates on a subscription-based model, offering different pricing tiers to accommodate businesses of all sizes. The company also emphasizes user support and education, providing resources like self-paced learning, coaching sessions, and a knowledge base to help clients maximize their use of the platform. The goal of Smartsheet is to improve efficiency and productivity for its users.
Company Stage
IPO
Employees
1,001-5,000
Industries
Consumer Software, Enterprise Software, Education
Total Funding
$121.2M
Headquarters
N/A
Founded
2005
Simplify's Take
What believers are saying
- Significant investments from entities like Capstone Investment Advisors and Vanderbilt University indicate strong market confidence in Smartsheet's growth potential.
- The appointment of experienced leaders like Jo Deal and Max Long suggests a strategic focus on enhancing organizational culture and go-to-market strategies.
- Smartsheet's subscription-based model ensures a steady revenue stream, allowing continuous investment in platform improvements and innovation.
What critics are saying
- The departure of co-founder Brent Frei and recent layoffs may signal internal instability and potential challenges in maintaining company culture.
- Drastic shifts in market demand, as cited in recent layoffs, could impact Smartsheet's ability to sustain its growth trajectory.
What makes Smartsheet unique
- Smartsheet's platform is highly customizable, allowing businesses to tailor workflows and projects to their specific needs, unlike more rigid competitors.
- The seamless integration with other popular apps and platforms enhances Smartsheet's functionality, making it a versatile tool for improving business efficiency.
- Smartsheet's comprehensive support and learning resources, including Smartsheet University, provide users with the skills and knowledge to maximize the platform's potential.
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6 month growth
↑ 3%1 year growth
↑ 8%2 year growth
↑ 19%Benefits
Health and wellness benefits - From sick days to mental health services, we support you. We provide company-sponsored comprehensive healthcare coverage and well-being benefit programs so you can take care of your whole self.
Time away - We want you to find time for what matters to you. We offer a variety of programs so you can recharge and reconnect, including paid time off for company holidays, vacation, volunteering, military leave, and parental bonding.
An investment in your future - We help you plan for the dreams you’re working toward. We offer every employee competitive pay, retirement contributions, stock awards, and an employee stock purchase program.
Perks and discounts - It's the details that make life easier. From discount programs and an allowance for work-related expenses, to medical concierge (U.S. only) and caregiver services, we help set you up for success both at work and outside of it.
An inclusive environment - We strive to foster a culture of belonging that is rooted in respect for all people. We believe that by celebrating diversity of voices and experiences, and by creating equitable opportunities for our team, customers, and communities, we enable people to do and be their best.
Continuous learning - We know that when you’re growing, so are we. That's why we provide opportunities to develop on the job through internal mobility, virtual learning, and a variety of development programs.
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