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Slack Valued at Over $5 Billion

posted by martyb on Tuesday September 19 2017, @08:22AM   Printer-friendly
from the picking-up-the-slack dept.

takyon writes:

https://www.reuters.com/article/us-slack-fundraising/slack-valued-at-5-1-billion-after-new-funding-led-by-softbank-idUSKCN1BT0KO

Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company's valuation to $5.1 billion.

The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack's total funds raised to $841 million, the enterprise messaging operator said in an emailed statement.

The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing, Slack Chief Executive Stewart Butterfield said.

Also at TechCrunch and Bloomberg.

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  • (Score: 1, Funny) by Anonymous Coward on Tuesday September 19 2017, @08:45AM (4 children)

    by Anonymous Coward on Tuesday September 19 2017, @08:45AM (#570117)

    So if I slack off, I get $5 billion? ;-)

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  • (Score: 2) by acid andy on Tuesday September 19 2017, @01:27PM (2 children)

    by acid andy (1683) on Tuesday September 19 2017, @01:27PM (#570172) Homepage Journal

    Yep. Imagine how much money they could've made if they'd run a tight operation instead.

    --
    If a cat has kittens, does a rat have rittens, a bat bittens and a mat mittens?

    • (Score: 2) by JoeMerchant on Tuesday September 19 2017, @09:46PM (1 child)

      by JoeMerchant (3937) on Tuesday September 19 2017, @09:46PM (#570378)

      Sad to say, but this same service named something more "businesslike" like, say, "MSN messenger" or something, probably would never have gotten much market traction or adoption at all.

      --
      🌻🌻 [google.com]

      • (Score: 2) by acid andy on Tuesday September 19 2017, @09:58PM

        by acid andy (1683) on Tuesday September 19 2017, @09:58PM (#570388) Homepage Journal

        Oh, you mean like "HipChat", right? :D

        My post was meant to be a lame joke referencing "tight" versus "slack" but I think it mostly failed.

        Come to think of it, that other one sounds like some kind of raunchy dating app! Let your hips do the talking baby!

        --
        If a cat has kittens, does a rat have rittens, a bat bittens and a mat mittens?

  • (Score: 2) by c0lo on Tuesday September 19 2017, @03:17PM

    by c0lo (156) Subscriber Badge on Tuesday September 19 2017, @03:17PM (#570209) Journal

    Nope. You'll need to slack on.

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford