Stories
Slash Boxes
Comments

SoylentNews is people

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

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.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Interesting) by VLM on Tuesday September 19 2017, @12:15PM (2 children)

    by VLM (445) Subscriber Badge on Tuesday September 19 2017, @12:15PM (#570149)

    A lot of clojure people hang out on one of the channels which is kinda donated for free, so I've used it, some.

    Its secret sauce appears to be one-click integration. I could replace any of it, for open stuff anyway, with a very small Perl script, but with Slack its one click and it works.

    Also the desktop and mobile UI is pretty nice and consistent.

    Its slightly warmed over IRC with centralized servers and support, really. You could almost call it an IRC hosting company.

    Starting Score:    1  point
    Moderation   +1  
       Interesting=1, Total=1
    Extra 'Interesting' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3  
  • (Score: 1) by pdfernhout on Wednesday September 20 2017, @03:37AM (1 child)

    by pdfernhout (5984) on Wednesday September 20 2017, @03:37AM (#570518) Homepage

    By me: http://www.pdfernhout.net/reasons-not-to-use-slack-for-free-software-development.html [pdfernhout.net]

    What if the Clojure community tried MatterMost or Matrix.org?

    --
    The biggest challenge of the 21st century: the irony of technologies of abundance used by scarcity-minded people.
    • (Score: 2) by VLM on Wednesday September 20 2017, @12:35PM

      by VLM (445) Subscriber Badge on Wednesday September 20 2017, @12:35PM (#570595)

      I'm sure it would work, but its the dreaded network effect where ten guys go on slack and you can guess where the eleventh and following go.